Germany has reached an all-time high in global venture capital funding share in 2023 despite a decline in the overall performance of the blockchain market across the globe, according to a report published by Crypto Valley Venture Capital .a total of $355 million invested across 34 deals. This represents a 3% year-over-year increase in funding for the Western European country, according to the CVVC.
When it comes to Europe, Germany has also taken a fair share of funding within the region's blockchain ecosystem. The report noted that the country secured 9.4% of Europe-based blockchain funding and 10.3% of all European blockchain deals.. According to the report, all continents experienced YoY declines in funding. The report highlighted that there's a 62% decline in funding and a 44% decrease in deals compared to the previous four-quarter period globally.