Crypto Biz: Crypto VC is back with a vengeance
2022.08.21 10:46
Crypto Biz: Crypto VC is back with a vengeance
You’ve no doubt heard the expression, follow the moneyWell, if you do that in the venture capital world, you’ll be led directly to crypto, blockchain and digital assets. After a modest summertime lull in venture financing, this week saw the announcement of two massive raises worth a combined $500 million. That’s $500 million VCs are allocating to crypto-focused startups at the intersection of Web3, blockchain infrastructure and decentralized communities.
If you think funding deals have stopped amid the bear market, think again. I mentioned “summertime lull” at the outset, but that doesn’t mean funding has stopped. There are so many deals, in fact, that I’ve had to start a separate series called VC Roundup just to keep track. Data from Cointelegraph Research also shows that Q2 funding deals were just as big as the first quarter in dollar terms.
