Crypto venture capital investments have fallen to the lowest level since Q4 2020, but U.S.-based firms still dominate the VC deal landscape.
VC investments have been falling since peaking at nearly $13 billion in Q1 2022, with the latest quarter's results representing a decline of over 80% compared to the same ti last year.
The report noted that data on venture deals is often reported at a later time, meaning the $2.4 billion figure quoted may be revised in the future. While capital investment has fallen since Q4 2022, the report noted the number of deals made had actually increased by nearly 20% and theorized an apparent correlation between crypto prices and capital invested could see VC activity rebound following strong price gains late in the first quarter.despite the downward trend in capital invested, deal activity grew in Q1 2023, with 439 deals raised vs. 366 in Q4 2022.
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