The volume of venture financing in the crypto industry fell to a minimum per year

From April to June, venture investments in cryptostarts amounted to $ 6.76 billion. Compared to the first quarter ($ 9.85 billion), the indicator fell by 31%, writes Bloomberg.

The agency has given the data of the research company Pitchbook.

“The digital assets market began to slow down in November-December, and the transactions were still discussed. They were closed in the first quarter “, -explained the dynamics Robert Le, fintech analyst Pitchbook.

According to the expert, statistics for the second quarter gives a more accurate idea of ​​the situation in the industry. Now there are more doubts when concluding transactions, he added.

Bloomberg found this explanation in Terra collapse, serious problems of Celsius and Babel Finance, as well as the waves of personnel contraction Coinbase, Gemini and Crypto.Com.

Coinfund’s managing partner David Pakman said that many transactions had broken in recent weeks, and investors often responded to purchase proposals.

“What you see now is a decrease in the estimate of the sowing stage by ~ 20%, series A – by ~ 50%, series B and further – by ~ 70%”, – the specialist explained.

The expert invited companies supported by his company to accumulate cash. This will be required in order to go through difficulties in the next two years, since they will not end “in a month”.

The agency noted that not everyone shares a similar point of view. In particular, Multicoin announced the creation of a fund of $ 430 million.

Recall LightSpeed ​​formed a special unit with a focus on the blockchain. The company attracted $ 7.1 billion in four new structures that invest in https://gagarin.news/news/75-of-retailers-are-ready-to-accept-cryptocurrencies/ fintech and cryptostarta.

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