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Galaxy Digital Research: Crypto VCs biggest year ever 2021

Galaxy Digital | Alex Thorn | Jan 10, 2022

Crypto investment by stage 2021 - Galaxy Digital Research:  Crypto VCs biggest year ever 2021

Key Takeaways from the report (Published Jan 6):

  • Venture capitalists invested more than $33bn into crypto/blockchain startups in 2021, more than all prior years combined. $22bn of that total (67%) went to fundraising rounds with deal sizes above $100m. Crypto/blockchain startups received almost 5% of venture capital deployed in 2021.
  • Valuations in the crypto/blockchain space were 141% higher than the rest of the venture capital space in Q4, highlighting a founder-friendly environment and the intense competition among investors for deal allocations. Deal sizes were elevated but comparable to the rest of the VC landscape.

See:  Arcane Research: Summary of Crypto 2021

  • At least 43 companies that raised venture capital in 2021 are #unicorns. Pre-Seed deal counts continue to decline while Series A and later are growing, a sign that companies built in the 2018-2020 crypto bear market are maturing to later stages.
  • Companies offering trading, investing, exchange, and lending services to digital assets investors led the pack with more than 41% of the capital share, but startups building in the #NFT, Web3, DAO, and #Metaverse sub-sectors came in second with 17% of the capital allocation.
  • Crypto focused funds are larger than they’ve ever been, and 62% of managers that raised in 2020 also raised new vintages in again 2021.

Download the 8 page PDF report --> here

 


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