Funding Wrap: Funding sees first quarterly increase since Q1 2022

After a year and a half of decline, crypto venture funding finally turned around this quarter. Publicly available data shows crypto startups raised roughly $3.1 billion in Q4, up from $2.1 billion in Q2 and $1.7 billion in Q3. 

As prices fell, interest rates rose. The fallout from a turbulent 2022 carried on, with venture interest muted in mid-2023. A Galaxy report showed crypto’s Q3 funding was the sector’s lowest since 2020. The Q4 figures move crypto funding numbers closer to where they were in the first quarter of 2023, when $3.3 billion flowed into crypto firms.

Read more: Crypto VC challenges persist, but Q3 brings hope with $1B raised

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