Venture Financing of Crypto Startups Continues to Soar
Venture financing of crypto startups shows significant growth, surpassing the $1 billion mark for the second consecutive month. By the end of April 2024, the total investment volume reached $1.02 billion, which is slightly less than the record set in March when startups raised $1.09 billion.
Data from RootData shows that in April, there were 161 investment rounds, while in March there were 186. Among the largest deals of the month were investments in the blockchain platform Monad, which raised $255 million with the participation of Paradigm and Coinbase Ventures. Another significant event was a $47 million round for the asset tokenization platform Securitize, led by BlackRock.
Galaxy Research analysts also noted a significant increase in venture financing in the first quarter of 2024. During this period, $2.49 billion was attracted in 603 rounds, which is 29% more in terms of volume and 68% more in terms of the number of deals compared to the previous quarter.
Thus, the trend towards the recovery of the crypto startup venture financing market continues, which may indicate positive changes in the sector and investors’ confidence in its future. Forecasts suggest that the growth may be confirmed in the following quarters if the trend persists.
