In February, a diverse group of crypto startups announced recent funding raises, signaling that investors’ interest in crypto may be on the rise again.
For the first time since March 2022, venture capital investments in crypto startups witnessed an increase, reaching $1.9 billion in the fourth quarter of 2023. The figure represents a 2.5% rise from the third quarter, according to a recent PitchBook report.
The growth is consistent with an apparent resurgence of investor interest in crypto startups in early 2024, spurred by the approval of Bitcoin (BTC) exchange-traded funds (ETFs).
In February, a diverse group of crypto startups announced recent funding raises, including Lava Protocol, Analog, Helika, Truflation, and Omega, among others.
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