VC Funding to Crypto Firms Slows to Multiyear Level in April
Venture capital investment in the crypto sector is declining, both in terms of the amount raised and the frequency of deals. The latest data from April shows that instead of a wide spread of smaller investments, there are fewer but much larger funding rounds. According to Cryptorank, there were 94 deals in April totaling $2.37 billion. That’s a steep drop from the 140 deals in March, which brought in more than $5 billion. Among these, Dao5 stood out with an unannounced round reportedly worth $222 million. These numbers are starting to resemble some of the slower periods during the 2022–2023…