Cryptocurrency venture capital funding topped $1 billion for the second month in a row this year.
April's funding volume of $1.02 billion in April amounted to 161 investment rounds, down slightly from the $1.09 billion recorded after 186 rounds in March.
However, for the first time since October-November 2022, the industry recorded two consecutive months of funding above $1 billion.
The industry has so far received more than $3.67 billion in funding across 604 funding rounds in 2024, which is on track to repay the $9.3 billion raised in 2023.
Since June 2014, the blockchain industry has received more than $100 billion in funding across 5,195 funding rounds, according to DeFiLlama.
This comes as venture capital firms Pantera Capital and Paradigm are seeking $1 billion and $850 million for new cryptocurrency funds.
The $1 billion raise from Pantera Capital will be the largest for the cryptocurrency industry since May 2022, when Silicon Valley venture capital firm Andreessen Horowitz (a16z)Â raised a record $4.5 billion.
Interestingly, a16z said it raised $7.2 billion in May to invest in several technology sectors, including artificial intelligence and gaming, but decided not to add to its cryptocurrency-focused fund!
Podpishis!@Sasha why NOT
#BTC #binance #Bitcoin #ETH $BTC $ETH $BNB
