Crypto-related companies raised $1.9 billion in Q4 2023, marking a 2.5% increase from Q3 and the first rise in VC investments in the sector since March 2022, per PitchBook. Focus areas for these investments were financial and tech solutions, including tokenizing assets like real estate and stocks, and developing decentralized computing. Key fundraises included $165 million for Swan Bitcoin and $100 million for Blockchain.com. The largest deal was a $225 million investment in Wormhole, a blockchain development platform, valuing the company at $2.5 billion, with backing from Coinbase Ventures, Jump Trading, and ParaFi Capital.
VC blockchain and crypto funding rises in Q4 2023: Report
by Crypto Oasis | Feb 18, 2024 | Industrial | 0 comments