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Crypto Startups Raised More VC Money During Market Slowdown Crypto Startups Raised More VC Money During Market Slowdown

Crypto Startups Raised More VC Money During Market Slowdown

Crypto startups raised more money but closed fewer deals in the most recent quarter, mirroring the broader slowdown seen in the digital-asset world.

Venture capital investment in crypto companies totaled $2.7 billion in the three months ended in June, a 2.5% increase from the first quarter and a 9.8% decrease from the year-earlier period, PitchBook data show. The number of deals closed dropped 12.5% from the first quarter.

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Muyao Shen

https://www.bloomberg.com/news/articles/2024-08-12/crypto-startups-raised-more-vc-money-in-midst-of-market-slowdown

2024-08-12 11:00:22

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