Venture capital funding reached $1.16 billion in March, jumping over 50% from February, with monthly deal numbers also at a nearly two-year high.
Venture capital funded over $1.1 billion across 180 investments last month, with the biggest being Optimism’s early-March private token sale.
Venture capital funding into crypto jumped by 52.5% month-on-month in March, with crypto projects getting $1.16 billion, mostly in infrastructure and decentralized finance projects.One-fifth of deals saw fundraises of between $1 million to $3 million, while just over 15% raised between $5 million to $10 million. The majority of the funded projects were based in the United States, but they still only made up less than 10% of the total deal count.
Decentralized finance projects followed with $228.1 million in funding, making up nearly 20% of the total, with centralized finance projects — such as exchanges — seeing the third-most funding at $85.5 million.Fundraising amount per sector for March 2024. Source: RootData Last month’s funding is the first time since November that VC funding has broken over $1 billion for the month.VC funding has made monthly gains year-to-date as enthusiasm for crypto has made a comeback in tandem with the markets, which PitchBookHighest monthly close ever — 5 things to know in Bitcoin this week
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