Venture capitalists invested $37,7 billion in crypto projects in 2022

In 2021, investors funded 1364 startups for $31,6 billion

11.01.2023 - 11:40

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What’s new? Analyst Colin Wu, citing data from Messari, reported that venture capitalists invested $37,7 billion in 1769 crypto projects in 2022. The number of funds raised in different areas of the crypto market is relatively balanced, with the centralized finance (CeFi) sector accounting for 14%, decentralized finance (DeFi) for 18%, NFT/GameFi for 16%, infrastructure for 17%, and the rest of Web 3.0 projects for 36%. By comparison, in 2021, investors funded 1364 startups for $31,6 billion.

Wu Blockchain’s material

What other data are known? Of all the venture capital funds investing in 2022, crypto exchange Coinbase made the most investments with 119, followed by developer Animoca Brands with 118, venture capital fund Shima Capital with 88, DeFi protocol Spartan with 64, crypto investment firm Dragonfly Capital with 61, bankrupt trading firm Alameda Research with 59 and venture capital fund Andreessen Horowitz (a16z) with 57.

The developer of the Bored Ape Yacht Club NFT collection, Yuga Labs, the developer of the crypto wallet MetaMask, ConsenSys, and the developer of the Polygon blockchain raised the most money — $450 million each. This is followed by digital infrastructure and cryptocurrency mining solutions provider Compute North ($385 million), Animoca Brands ($358,8 million), energy company Crusoe Energy ($350 million), and blockchain company NEAR ($350 million).

Earlier, it was reported that the Dubai Free Economic Zone attracted 3049 crypto startups at the end of 2022, which was a record high, and the total number of registered crypto companies was more than 22 000. Compared to 2021, the growth was 23%.

According to the Metaverse Post report, Web 3.0 startups raised $7,1 billion in funding in 2022, with games, metaverses, and social networks being the leading investment categories.

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