VC Money Continues to Flow into Crypto: Firms Received More Funding Last Quar...
Without a doubt, the mainstream resurgence of cryptos have spurred on new movements within the industry, ranging from decentralized finance (DeFi) to non-fungible tokens (NFTs). These red-hot sub-industries within the broader crypto scene have resulted in hundreds if not thousands of new startups — and venture capitalists are pouring money into them like never before. Crypto firms got more funding last quarter than in all of 2020. Startups raised $2.6 billion, according to CB Insights.https://t.co/xDVKSxmFo2 […]
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Funding for crypto and blockchain startups is not slowing in 2021 as VC funds appear keen to enjoy the exponential growth potential. Venture capital funding for crypto and blockchain startups looks set to break records in 2021. As previously reported by Cointelegraph, crypto firms received more funding in the first quarter of 2021 than the whole of 2020.Indeed, three companies in the market attracted $1.1 billion from backers in Q1 202 — a third of the total funding for crypto and blockchain firms reported in 2018. With the current bullish enthusiasm in the crypto space, VC funding....
Fintechs account for nearly two-thirds of the $4.9 billion that was raised by African technology firms during the past year. Fintech groups also dominate in terms of funding that exceeds $50 million, with a 40% share of the total number of tech firms. The Covid-19 Factor Out of the $4.9 billion in funding that was raised by African technology companies in 2021, almost two-thirds of this went to fintech companies, data from a new report has shown. In terms of deals wherein the capital raised exceeded $40 million, fintechs accounted for 40% of such deals. As shown in the latest Africa....
Cryptocurrency industry has seen a reduction in funding in the recent days. Bitcoin and Blockchain technology based startups may soon find their fundraising avenues drying up. A recent analysis into the cryptocurrency and blockchain industry has shown a significant dip in the inflow of investments. The analysis conducted by CB Insights has shown a 16% shortfall in the capital flow into the cryptocurrency industry for the first time since 2012. According to the report, the amount of seed funding received by cryptocurrency based startups has reduced by 60%. The huge fall in seed funding is....
Three companies in the crypto and blockchain industry have already raised $1.1 billion this year. Cryptocurrency and blockchain-related companies have already received more funding this year than in all of 2020, according to a new report.In the first quarter of 2021, 129 startups focusing on crypto and blockchain technology have received a total of $2.6 billion in funding, Bloomberg reports, citing data from business analytics firm CB Insights. Over the course of 2020, crypto and blockchain firms attracted a total of $2.3 billion in 341 deals.According to the data, 2018 is the record year....
For many years now, most of the funding in the Bitcoin world has come through venture capitalists. These wealthy individuals and firms bring not only money to the digital currency ecosystem, but also a wealth of expertise and a network of professional connections. But things are changing in the VC world, and the effects could very well shake up things in the Bitcoin industry as well. Up until a few months ago, most of the VC’s and investment firms were limited to a certain number of players, simply because there was very little competition. However, that situation has come to change, as....