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Crypto VC funding hits 2-year low, US firms still favorite: Galaxy Research

Published 04/13/2023, 12:36 AM
Updated 04/13/2023, 02:20 AM
© Reuters.

Venture capitalist (VC) investment into crypto firms continued to fall in the first quarter of 2023, yet despite the current regulatory turbulence for crypto in the United States, it is still first for the number of firms raising capital according to a new report.

An April 11 report from Galaxy Research, the research arm of crypto investment firm Galaxy Digital, said the $2.4 billion invested by VCs throughout Q1 2023 was the lowest sum invested since the last quarter of 2020.

Capital investments for crypto firms throughout the first quarter of 2023 by country. Source: Galaxy Digital

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