According to a report from PitchBook, crypto venture capital spending in the fourth quarter of 2024 increased by 13.6% to reach $2.4 billion, although the number of deals declined. This suggests growing investor selectivity in the industry. However, when comparing data from 2023 and 2024, the figures are relatively similar. In 2024, VC spending reached $10 billion across 1,940 deals, while in 2023, $10.3 billion was invested through 1,936 deals. The median check sizes for seed and early-stage funding increased, indicating optimism. Late-stage funding saw a slight drop, possibly indicating a focus on smaller but more strategic rounds. Overall, the data suggests both positive and negative aspects for crypto VC spending, with some signs of maturity in the industry.
Content Editor ( blockworks.co )
- 2025-02-10
‘Rebound’ in crypto venture capital suggests focus on ‘established’ teams: PitchBook
