Venture Capitalists Make Seven Biggest Crypto Investments in 2021

With venture capitalists deciding to increase their exposure to cryptocurrency this year, seven of the top ten cryptocurrency and blockchain startup investments from these companies took place in 2021, according to a recent report from the financial data and software company PitchBook .

The study, shared with by PitchBook, puts crypto and blockchain investments by global venture capital firms at around $ 29.4 billion this year, with 1,686 transactions reported.

This is a five-fold increase from 2020, when venture capitalists injected a total of $ 6.6 billion into these firms in 793 deals, as data from the data company shows. and financial software.

PitchBook figures suggest that 2021 was a banner year for venture capital investment in the industry, overtaking the 2018 period, in which crypto and blockchain firms raised nearly $ 8.2 billion in funding. venture capital firms around the world in 1,200 transactions.

In its report, PitchBook provides an overview of the following seven operations that were carried out this year:

  • the July funding round of the crypto derivatives exchange FTX , which generated around $ 1 billion;
  • the November fundraising round of cryptocurrency lender Celsius Network (CEL), which grossed $ 750 million;
  • software developer Forte’s November funding round , which injected some USD 725 million into the company;
  • The financing round in November the company FinTech MoonPay , which reported $ 555 million to the company;
  • the FTX financing round last October, which provided the company with $ 420.69 million to support its growth;
  • the November funding round of crypto exchange Bullish Global , which injected USD 400 million into the company;
  • the $ 350 million fundraising round of non-fungible token platform (NFT) Dapper Labs , which took place last March.
  • PitchBook also found that the $ 30 billion in investments made by venture capitalists in the crypto industry in 2021 exceeds the amount recorded in the record year of 2018. This amount has almost quadrupled and exceeds the all funds injected into the industry in all previous years combined.