Crypto VC Investments Drop 26% in First Half of 2022
Crypto VC Investment
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Crypto VC InvestmentsDrop 26% in First Half of 2022
Venture capital investments in crypto companies were down inthe first half of the year, a period hit by cryptocurrency price drops, thecollapse of the terraUSD stablecoin and liquidity crises faced by crypto lenderCelsius and crypto hedge fund Three Arrows Capital.
According to data from Crunchbase, investments in crypto companiestotaled $9.3 billion in the first six months of 2022, down 26% from a record$12.5 billion in the first half of last year. Deal flow actually increasedyear-on-year from 456 deals to 534 deals, indicating that smaller deal sizeshelped drive lower overall investments.
Second-quarterdeals totaled more than $4.2 billion, nearly flat compared to the sameperiod last year and only $1 billion less than the first quarter. Venturecapital investment in many industries is low due to the global bear market.Overall, VC deals in the US declined 22% year-on-year in the first half of theyear to $123.1 billion, according to GlobalData.
Venture capital investments, cryptocurrency, Crypto Companies, Crypto Lender Celsius, crypto hedge, crypto Investments, Global Market