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Crypto fundraising is seeing ‘signs of recovery:’ PitchBook

Author: Content Editor
According to Robert Le from PitchBook, there is optimism that more token launches will occur in the fall. Le believes that this is a new cycle, with increasing capital and developers entering the space. However, there is currently a "prisoner's dilemma" as people wait to see how the market will move before launching their tokens. The fourth quarter of last year and the first quarter of this year saw a significant number of token launches, but activity has since slowed down. Le also believes that regardless of who becomes president, the election won't have a major impact on crypto. In terms of venture capital activity, there has been a rebound compared to last year, with $2.2 billion raised across 24 funds as of July 30, 2024. The median fund size has also increased, indicating potential opportunities for crypto investors. However, Le notes that the crypto fundraising environment will remain tough as the market recovers.

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