Crypto startups raised more VC money during market slowdown

  • 📰 BusinessMirror
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 59%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

CRYPTO startups raised more money but closed fewer deals in the most recent quarter, mirroring the broader slowdown seen in the digital-asset world.  Venture capital investment in crypto companies totaled $2.7 billion in the three months ended in June, a 2.5 percent increase from the first quarter and a 9.

CRYPTO startups raised more money but closed fewer deals in the most recent quarter, mirroring the broader slowdown seen in the digital-asset world.

“While still far below the 2021 and early 2022 highs, VC investing in crypto reached somewhat of a fever pitch in March and April,” said Rob Hadick, a general partner at crypto venture fund Dragonfly. “Later stages have continued to be soft and as the market turned in late April and into May, the VC market slowed again.”

The rise in valuations of projects in the second quarter came “as founders tried to capture the more rosy secondary market,” said Jason Kam, a founder of crypto venture firm Folius Ventures.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 19. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Italia Ultime Notizie, Italia Notizie