cover image: Galaxy Digital Research  - 2021: Crypto VC’s Biggest Year Ever

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Galaxy Digital Research - 2021: Crypto VC’s Biggest Year Ever

7 Jan 2022

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. [...] 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/Blockchain by Category Of the $33bn invested by venture capitalists in the crypto/blockchain startup ecosystem, the largest portion went to companies offering trading, investing, exchange, and lending services. [...] Crypto VC Funds Expand in Size and Scope The explosive growth of the crypto/blockchain industry in 2021 saw venture fund managers both raise and deploy at a record pace. [...] Galaxy Digital Research 4 Comparing to the Broader VC Landscape Total Capital Invested More than $700bn was invested by venture capitalists in startups of all stages in 2021, the largest amount of private investment in early-stage companies ever recorded.

Authors

Galaxy Digital Reseaarch

Pages
8
Published in
Canada