PitchBookAccording to the report, although the crypto sector was in a bear market, investment companies continued to operate.
Although the crypto industry is still in a bear market, venture capital firms have made many deals since the beginning of 2023. These deals have proven that even in the crypto winter, the industry is still alive. According to Pitchbook’s Crypto Report for the first quarter of 2023, crypto companies have 353 investment rounds. $2.6 billionmanaged to collect
It was reported in the report that valuation trends are mixed
The report reveals that while the industry is still on the move, it is not as strong as it used to be. The data in the report shows 11 percent in deal value and total number of deals compared to the previous quarter. 12.2 percent showed a decrease of . In addition, this quarter recorded the lowest amount of capital invested in the industry since 2020.
The report said valuation trends were mixed. Seed rounds are 33.3 percent in this quarter compared to the whole of 2022, while other investment rounds 209.2 percent rate increased. However, early stage tours 16.7 percent rate decreased. While acknowledging that the decline could potentially continue, the report also identified some positive outlooks for the industry. According to the data, layer-2 scaling solutions still continue their momentum in 2022. In the report, it raised $125 million to fund Bitcoin mining infrastructure. blockstreamAnd EVMscaling solution developer scrollIt is stated that , has raised $ 50 million in a late stage investment round.
Alongside scaling solutions, storage solution providers Ledger and Taurus also received major investments in 2023. on March 30 ledgerraised $109 million as demand for individual custody increased. TaurusOn the other hand, it raised $65 million in the series B tour held on February 14th.
