According to ChainCatcher, as reported by The Block Pro's financing dashboard, venture capitalists invested approximately $13.7 billion in crypto and blockchain startups in 2024, a 28% year-on-year increase compared to $10.7 billion in 2023. However, this figure is still far below the peak levels of $33.3 billion in 2022 and $29 billion in 2021.
Rob Hadick, a general partner at Dragonfly, stated that despite Bitcoin's rise of over 150% so far this year, venture capital funds have not accelerated their growth, primarily because the limited partner (LP) market remains relatively calm, and many venture capital firms do not yet have enough confidence to deploy remaining funds before raising new funds.
In early 2024, the financing market was led by Pre-seed transactions hitting a record high of 1,180 deals, a year-on-year increase of 68%. The total amount raised in the seed stage was $3.4 billion, close to the $3.8 billion in 2021. A-round financing exceeded 175 deals, raising $2.8 billion, a year-on-year increase of 46%. Late-stage financing saw a decline.
