Is Crypto Startup Funding Shrinking and Shifting Strategies in Q3 2023? ⚠️
In Q3 2023, crypto startup funding saw significant changes. According to #Messari , $2.1 billion was raised across 297 deals, down 36% from the previous quarter.
#Seed funding dominated, with $488 million raised in 98 deals. Notably, there was a shift towards early-stage projects, with fewer later-stage deals.
Strategic financing rounds rose to over 22% of total deals. The U.S. led in venture capital investment, despite regulatory uncertainty.
Investors favored #blockchain infrastructure over user-facing applications, but this trend may not last as the importance of user-facing crypto apps is recognized.
#Binance
#crypto2023
In Q3 2023, crypto startup funding saw significant changes. According to #Messari , $2.1 billion was raised across 297 deals, down 36% from the previous quarter.
#Seed funding dominated, with $488 million raised in 98 deals. Notably, there was a shift towards early-stage projects, with fewer later-stage deals.
Strategic financing rounds rose to over 22% of total deals. The U.S. led in venture capital investment, despite regulatory uncertainty.
Investors favored #blockchain infrastructure over user-facing applications, but this trend may not last as the importance of user-facing crypto apps is recognized.
#Binance
#crypto2023
