VC investment in crypto is on a steady rise, with the median deal size at a strong $3.6 million, according to the PitchBook Q1 2024 Crypto Report. Tom Schmidt, general partner at crypto venture fund Dragonfly, notes infrastructure projects continue to attract investment, “especially as the U.S. market becomes more institutional and people in the post-FTX world want separation between custody and execution.” Read more about VC sentiment on crypto in our latest article: https://lnkd.in/etmWambQ
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As #privatefund sponsors continue to think about #retailaccess to #alternatives, Securitize and Investcorp are moving ahead, providing a #tokenized #feeder #fund that will allow retail investors to access Investcorp's #GP #stakes flagship fund, at a $20K individual ticket size. The growing intersection of #blockchain #DLT technology and #regulated #financial #products is only growing. #web3 #privateequity #privatefunds #privatecredit #crypto
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𝐕𝐞𝐧𝐭𝐮𝐫𝐞 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐢𝐧 𝐂𝐫𝐲𝐩𝐭𝐨 𝐑𝐞𝐚𝐜𝐡𝐞𝐬 $2.4 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐐1 2024 🚀 According to PitchBook's Q1 2024 Crypto analysis, VC funding in the crypto sector has surged to $2.4 billion, marking a 40.3% increase in invested capital and a 44.7% jump in deal volume compared to the previous quarter. 📈🔥 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 : 🔹 𝐓𝐨𝐭𝐚𝐥 𝐅𝐮𝐧𝐝𝐢𝐧𝐠: $2.4 billion across 518 deals. 🔹 𝐌𝐚𝐣𝐨𝐫 𝐃𝐫𝐢𝐯𝐞𝐫𝐬: Anticipation of lower interest rates and the launch of the first U.S. bitcoin spot ETF. 🔹 𝐑𝐞𝐜𝐨𝐫𝐝 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐏𝐫𝐢𝐜𝐞: Hit a record high of $73,803 in March, boosted by the debut of ETFs from BlackRock and Fidelity Investments. 🔹 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐒𝐞𝐜𝐭𝐨𝐫: Infrastructure for crypto and blockchain technology led the funding spree. 𝐋𝐚𝐫𝐠𝐞𝐬𝐭 𝐃𝐞𝐚𝐥𝐬: 🔹 Together AI raised $106 million, led by Salesforce Ventures, valuing the company at $1.1 billion. 🔹 𝐄𝐢𝐠𝐞𝐧𝐋𝐚𝐲𝐞𝐫 secured $100 million in a Series B round. 🔹 Zama raised $73 million in a Series A round. 𝐕𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧 𝐓𝐫𝐞𝐧𝐝𝐬: 🔹 𝐌𝐞𝐝𝐢𝐚𝐧 𝐩𝐫𝐞-𝐦𝐨𝐧𝐞𝐲 𝐯𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐩𝐫𝐞-𝐬𝐞𝐞𝐝/𝐬𝐞𝐞𝐝 𝐬𝐭𝐚𝐠𝐞: $21.8 million (+85.5% YoY) 🔹 𝐄𝐚𝐫𝐥𝐲 𝐬𝐭𝐚𝐠𝐞: $72.0 million (+148.3% YoY) 🔹 𝐋𝐚𝐭𝐞 𝐬𝐭𝐚𝐠𝐞: $51.1 million (+7.6% YoY) 𝐃𝐞𝐚𝐥 𝐒𝐢𝐳𝐞𝐬: 🔹 𝐏𝐫𝐞-𝐬𝐞𝐞𝐝/𝐬𝐞𝐞𝐝 𝐬𝐭𝐚𝐠𝐞: $2.7 million (+24.9% from 2023) 🔹 𝐄𝐚𝐫𝐥𝐲 𝐬𝐭𝐚𝐠𝐞: $5.0 million (+25.0% from 2023) 🔹 𝐋𝐚𝐭𝐞 𝐬𝐭𝐚𝐠𝐞: $5.8 million (-9.7% from 2023) 🔎 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: 🔹 𝐄𝐚𝐫𝐥𝐲-𝐒𝐭𝐚𝐠𝐞 𝐃𝐞𝐚𝐥𝐬: Highly competitive and earning higher valuations than late-stage deals. 🔹 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐧𝐭𝐢𝐦𝐞𝐧𝐭: Recovery in publicly traded tokens and increased institutional adoption are key drivers for VC funding. Positive investor sentiment is returning to crypto, and barring any major market downturns, we expect the volume and pace of investments to continue increasing throughout the year. 🔹 𝐅𝐮𝐭𝐮𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐬: Expect mergers among crypto exchanges, custodians, and infrastructure providers as the market matures. #Crypto #VentureCapital #Bitcoin #Blockchain #Investment #StartupFunding #PitchBook #CryptoNews
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𝐕𝐞𝐧𝐭𝐮𝐫𝐞 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐢𝐧 𝐂𝐫𝐲𝐩𝐭𝐨 𝐑𝐞𝐚𝐜𝐡𝐞𝐬 $2.4 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐐1 2024 🚀 According to PitchBook's Q1 2024 Crypto analysis, VC funding in the crypto sector has surged to $2.4 billion, marking a 40.3% increase in invested capital and a 44.7% jump in deal volume compared to the previous quarter. 📈🔥 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 : 🔹 𝐓𝐨𝐭𝐚𝐥 𝐅𝐮𝐧𝐝𝐢𝐧𝐠: $2.4 billion across 518 deals. 🔹 𝐌𝐚𝐣𝐨𝐫 𝐃𝐫𝐢𝐯𝐞𝐫𝐬: Anticipation of lower interest rates and the launch of the first U.S. bitcoin spot ETF. 🔹 𝐑𝐞𝐜𝐨𝐫𝐝 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐏𝐫𝐢𝐜𝐞: Hit a record high of $73,803 in March, boosted by the debut of ETFs from BlackRock and Fidelity Investments. 🔹 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐒𝐞𝐜𝐭𝐨𝐫: Infrastructure for crypto and blockchain technology led the funding spree. 𝐋𝐚𝐫𝐠𝐞𝐬𝐭 𝐃𝐞𝐚𝐥𝐬: 🔹 Together AI raised $106 million, led by Salesforce Ventures, valuing the company at $1.1 billion. 🔹 𝐄𝐢𝐠𝐞𝐧𝐋𝐚𝐲𝐞𝐫 secured $100 million in a Series B round. 🔹 Zama raised $73 million in a Series A round. 𝐕𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧 𝐓𝐫𝐞𝐧𝐝𝐬: 🔹 𝐌𝐞𝐝𝐢𝐚𝐧 𝐩𝐫𝐞-𝐦𝐨𝐧𝐞𝐲 𝐯𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐩𝐫𝐞-𝐬𝐞𝐞𝐝/𝐬𝐞𝐞𝐝 𝐬𝐭𝐚𝐠𝐞: $21.8 million (+85.5% YoY) 🔹 𝐄𝐚𝐫𝐥𝐲 𝐬𝐭𝐚𝐠𝐞: $72.0 million (+148.3% YoY) 🔹 𝐋𝐚𝐭𝐞 𝐬𝐭𝐚𝐠𝐞: $51.1 million (+7.6% YoY) 𝐃𝐞𝐚𝐥 𝐒𝐢𝐳𝐞𝐬: 🔹 𝐏𝐫𝐞-𝐬𝐞𝐞𝐝/𝐬𝐞𝐞𝐝 𝐬𝐭𝐚𝐠𝐞: $2.7 million (+24.9% from 2023) 🔹 𝐄𝐚𝐫𝐥𝐲 𝐬𝐭𝐚𝐠𝐞: $5.0 million (+25.0% from 2023) 🔹 𝐋𝐚𝐭𝐞 𝐬𝐭𝐚𝐠𝐞: $5.8 million (-9.7% from 2023) 🔎 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: 🔹 𝐄𝐚𝐫𝐥𝐲-𝐒𝐭𝐚𝐠𝐞 𝐃𝐞𝐚𝐥𝐬: Highly competitive and earning higher valuations than late-stage deals. 🔹 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐧𝐭𝐢𝐦𝐞𝐧𝐭: Recovery in publicly traded tokens and increased institutional adoption are key drivers for VC funding. Positive investor sentiment is returning to crypto, and barring any major market downturns, we expect the volume and pace of investments to continue increasing throughout the year. 🔹 𝐅𝐮𝐭𝐮𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐬: Expect mergers among crypto exchanges, custodians, and infrastructure providers as the market matures. #Crypto #VentureCapital #Bitcoin #Blockchain #Investment #StartupFunding #PitchBook #CryptoNews
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Discover how @NeoclassicCapital, co-founded by ex-Goldman Sachs leaders, bridges East-West crypto investments, backed by heavyweights like Marc Andreessen and Chris Dixon. #CryptoInvestment #BlockchainVentures #GlobalFinance
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I recently saw this metric from Carta’s 1Q24 VC Fund Report, which is very concerning. DPI... is nowhere to be found in earlier vintages that probably should start showing DPI. Funding early-stage projects is great, but ultimately, these venture dollars need to exit their investments and pay back their limited partners. That’s where the metric Distributed to Paid-In Capital (DPI) comes in. While managing a fund, we get interim measures during the life of the fund (e.g. IRR, MOIC), but ultimately, “you can’t eat IRR.” If you want to build a lasting venture capital organization, you need to start showing DPI for your fund. Keep in mind that this is traditional VC data from Carta, and is not strictly crypto venture. Crypto venture tends to get liquidity earlier (tokens) and things tend to go parabolic sooner (faster, more unicorns) - but I’d wager that the data here is somewhat similar for Crypto VCs… Not as much DPI as there should be from these earlier vintages. Read the full article, as well as a recap of all the crypto fundraising rounds for August, here: https://lnkd.in/g3eVJ-iF
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Here at 2 Punks Capital we're setting out to raise for our second fund and look forward to backing another 25-30 pre-seed to seed companies building consumer applications that are enhanced by crypto As we set out to raise Fund 2 we find an evolving (and significantly more positive) landscape to raise alongside - Strong news on all around crypto assets and companies - Strong sentiment that regulatory and legislative clarity are on the way - Presidential candidates finally referencing crypto (one seemingly far more in favor than the other) - VanEck just said $22,000 ETH by 2030 and various people calling for $500k+ BTC... - More and more daily users being onboarded to crypto with Coinbase leading the pack and launching their smart wallet today (look into it) - StandwithCrypto at nearly 1,000,000 members making clear the crypto industry in the USA is serious and wants to grow and innovate - I hear a major report from a big financial institution will come out shortly showing the returns in crypto venture funds have outperformed nearly all other venture categories for the last decade... - and ultimately for us specifically our fund 1 is doing quite well so we have that going for us as well (thankfully!) Excited to go along for the ride and whether you're invested with us in the past, look to invest with us in the future, or work alongside us in some capacity, what a great time to be in this space. Can't wait to see what happens next
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BitSave, a Bengaluru-based crypto platform, secures pre-Series A funding led by Leo capital to enhance licensing, products, and brand expansion, simplifying secure long-term crypto investments. https://lnkd.in/gYxfTmFk
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Bitstock | TBC raises $400,000 for its crypto investment platform, totaling $1 million investment The company helps people invest in the top 10 cryptocurrencies in the market with a proprietary algorithm to track and weigh them into a single index.
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Breaking Down Crypto Investing for Non-Crypto Native Angel Investors #Introduction Angel investing is becoming an increasingly popular approach in today’s thriving startup ecosystem, driven by a culture of entrepreneurship. This piece explores the landscape of traditional angel investing and compares it to the emerging world of crypto investing, offering insights for non-crypto native angel investors. Traditional Angel Investing Angel investing typically involves: - Writing relatively small checks to multiple companies - Managing portfolio risk through diversification - Dealing with illiquid investments and higher risk Key challenges: - Gap between paper value of invested startups and readily available secondary markets - Limited exit opportunities on the investments (IPOs, M&As, buy-backs) Statistics: Typical outcomes: 2/10 startups shut down, 7/10 provide no exit, 1-2/10 are multi-baggers (5-10x returns) Average CAGR: 30-35% over 8-10 years Introduction to Crypto Investing Crypto investing offers: - Portfolio diversification - Exposure to a new asset class - Decentralized transfer of value Key attributes: - Instant liquidity - No lock-in period - Flexible vesting Performance example: - Bitcoin (BTC): 102% 10-year CAGR - Ethereum (ETH): 67% 10-year CAGR Given the early stage of the crypto market and significant information asymmetry, active fund management in crypto presents a unique opportunity for investors. Suggested approach: For every $100 allocated to angel investments, consider channeling $1 into systematic crypto investments. If you are an investor looking to start your crypto journey, feel free to reachout to Brave Alpha Capital #Conclusion As we transition to diversify capital across traditional and emerging asset classes, incorporating crypto investments into an angel investing portfolio could provide new avenues for returns. Not financial advice. DYOR #crypto #investing #angel #wealth #opportunity
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Arbelos Markets, a crypto principal trading firm, emerged from stealth today with a $28 million seed round, drawing attention for its focus on institutional crypto derivatives. 🧠 Founded by industry veterans Joshua Lim and Shiliang Tang, the investment was led by Dragonfly Capital and included a diverse group of backers. Arbelos aims to address gaps in the market left by the crypto credit meltdown in 2022, providing transparency and liquidity in the crypto derivatives space. With plans to expand its team and offerings, Arbelos is positioned to serve sophisticated investors in the digital asset space. ↘ Learn more about Arbelos Markets: https://lnkd.in/gWvzcA6Z
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