{"id":27937,"date":"2023-03-31T21:47:02","date_gmt":"2023-03-31T21:47:02","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/03\/31\/investors-unfazed-by-q1-crypto-funding-decline\/"},"modified":"2023-03-31T21:47:03","modified_gmt":"2023-03-31T21:47:03","slug":"investors-unfazed-by-q1-crypto-funding-decline","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/03\/31\/investors-unfazed-by-q1-crypto-funding-decline\/","title":{"rendered":"Investors unfazed by Q1 crypto funding decline"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/03\/31\/crypto-q1-decline-analysis\/<\/a><\/br>
\nInvestors unfazed by Q1 crypto funding decline<\/br>
\n2023-03-31 21:47:02<\/br><\/p>\n

\n

Crypto-focused venture capital<\/span> investors are trucking along in their work. Many remain confident in their investing strategies despite an enervated first-quarter market for crypto startup fundraising. Others are noticing a sharper decline in investing pace.<\/p>\n

\u201cI definitely saw a big slippage and drop in activity [in] Western markets,\u201d in Q1 2023, said David Gan, founder and general partner of OP Crypto. \u201cI don\u2019t think people are heavily deploying, and rounds are taking a lot longer to close than ever before.\u201d<\/p>\n

In Q1, $2.53 billion in capital was raised across 347 crypto and blockchain companies, down 79% from $12.27 billion in the year-ago quarter and a decrease of about 18% from $3.08 billion raised by the same corporate cohort in the previous quarter, according to preliminary PitchBook data.<\/p>\n

The stark contrast from the year-ago quarter is unsurprising. The crypto world was in a different place back then. FTX, for example, was still a prominent crypto exchange and raised a $400 million round<\/a>, bringing its total capital raised to $2 billion and giving the company a valuation of $32 billion at the time.<\/p>\n

The climate has changed since then: FTX crumbled<\/a> and Terra\/Luna collapsed<\/a> (and brought down $40 billion with it). Meanwhile, a series of Chapter 11 bankruptcy filings transpired across mega crypto institutions, including FTX, BlockFi<\/a>, Three Arrows Capital<\/a>, Celsius Network<\/a>, Voyager Digital<\/a> and Genesis Global Trading<\/a>.<\/p>\n

This past quarter was a \u201cthawing of people wanting to open their checkbooks,\u201d Michael Terpin, CEO of Transform Ventures, said. \u201cRight after FTX, it\u2019s predictable that no one wanted to invest in anything.\u201d<\/p>\n<\/p><\/div>\n

<\/br><\/br><\/br><\/p>\n

Tech, Technology<\/br>
\n<\/br>
\nSource:https:\/\/techcrunch.com\/2023\/03\/31\/crypto-q1-decline-analysis\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/03\/31\/crypto-q1-decline-analysis\/ Investors unfazed by Q1 crypto funding decline 2023-03-31 21:47:02 Crypto-focused venture capital investors are trucking along in their work. Many remain confident in their investing strategies despite an enervated first-quarter market for crypto startup fundraising. Others are noticing a sharper decline in investing pace. \u201cI definitely saw a big slippage and drop in activity […]<\/p>\n","protected":false},"author":1,"featured_media":27938,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[17,8],"tags":[],"class_list":["post-27937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech","category-technology"],"yoast_head":"\nInvestors unfazed by Q1 crypto funding decline - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/03\/31\/investors-unfazed-by-q1-crypto-funding-decline\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investors unfazed by Q1 crypto funding decline - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2023\/03\/31\/crypto-q1-decline-analysis\/ Investors unfazed by Q1 crypto funding decline 2023-03-31 21:47:02 Crypto-focused venture capital investors are trucking along in their work. 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