Crypto companies raise $2.5bn in first quarter
Crypto companies raised almost $2.5 billion in venture capital investment in the first quarter of this year, representing a 29% increase in dollar value and a 68% higher deal count on a quarter-on-quarter basis, according to a research report compiled by Galaxy Digital. “After 3 consecutive quarters of declining deal count and capital invested, both rose in Q1,” according to the report, which also noted that alongside the big increase in deal count, which rose to 603, the amount of capital invested gained a comparatively modest 29%.
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