Venture Capital Defies Crypto Winter: $2.6 Billion Invested in Q1 2023

Despite the ongoing bear market in the crypto space, venture capital firms are still actively investing. In Q1 2023, crypto companies raised $2.6 billion across 353 investment rounds, indicating the industry's resilience. However, there was an 11% decrease in deal value and a 12.2% decrease in total deals compared to the previous quarter. Valuation trends varied, with seed and late-stage rounds seeing increases, while early-stage rounds declined. The report highlighted positive outlooks, such as the momentum of layer-2 scaling solutions and investments in custody providers like Ledger and Taurus.