Crypto VC funding down by 82.5% YOY, lowest in 2 years

The cryptocurrency startup has raised $660 million in VC funding in December 2022. This is down 21.5% from November (2022) and 82.5% from December 2021 ($3.76 billion). report By Woo Blockchain.

The number of crypto VC public investment deals in December 2022 was 50, down 23% from November 2022 (65 deals) and down 68% from December 2021 (154 deals). Additionally, December saw the lowest number and amount of funding in the past two years.

Infrastructure cryptocurrency companies received the largest share of funding at around 22% in December 2022. Meanwhile, CeFi, DeFi, and NFT/GameFi sectors account for around 8%, 18%, and 16%.

With $100 million in funding, Aztec Network has become the most funded crypto company, L2 privacy solution with ZK rollup. After Aztec, Fleek protocol generated his $25 million in funding, and Web3 startup Nillion received his $20 million.

However, Haun Ventures secured the highest amount of funding. $1.5 billion In 2022, Huobi Global will be second with $1 billion in funding, and Flow ecosystem will be third with $750 million in funding.

Venture capital investment in blockchain startups will reach a record $25.2 billion in 2021 as a result of bullish optimism and a surge in funding for non-fungible tokens (NFTs) and decentralized finance projects. did. But funding for lender Celsius Network and exchange giant FTX slowed in 2022 following a wave of bankruptcies like hedge fund Three Arrows Capital.

VC funding has declined globally.

The November 2022 global venture capital funding will be $22 billion Down 69% from $70 billion in November 2021, down 19% month-on-month.

Transactions have declined and cryptocurrencies have had a difficult year, but Web3 and DeFi still attract investment, outpacing fintech and biotech.

there is more $18.3 billion By Q3 2022, it has poured into this sector, surpassing the second-most-backed fintech sector. $13.4 million.