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VC crypto investment on the up after long decline

After a long decline in investment covering seven consecutive quarters, global venture capital investment in crypto companies is on the up again, rising to $2.4bn in the first three months of 2024, according to new data from PitchBook.

A Reuters report cites new data from PitchBook in revealing that crypto venture capital flows peaked at $11.1bn in Q1 2022, before going into a long decline, on the back of a series of bankruptcies at major crypto firms during the year, with just $1.7bn invested in the last quarter of 2023.

Reuters quotes Robert Le, Senior Analyst at PitchBook: “The crypto industry is still in its early stages, and there is a lot of room for growth and innovation.

“Barring any major market downturns, we expect the volume and pace of investments to continue increasing throughout the year.”

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