- This is from RootData’s 12-month report
- The biggest drop in venture capital interest was in June
- See a detailed breakdown by category
Blockchain infrastructure provider RootData unveiled its annual report on venture capital investment in the industry. It shows that funding has dropped 70% in 12 months.
For comparison, in June 2022, blockchain startups raised $1.81 billion in investment in 149 rounds. In June 2023, there were only 83 such rounds. In doing so, firms were only able to raise $520 million in funds.
The analysts also compiled a sampling of investments by different categories. Infrastructure startups are the biggest draw for venture capital funds, attracting $213 million in 26 rounds last month.. However, compared to last year’s figures, we see a decline of almost 50% (28 rounds and $410 million of investment).
Second most popular is CeFi (centralized finance). They received $101 million, which is almost 20% of all funding. They are followed by games – they managed to raise $62 million in capital. More than half of the funds went to Mythical Games. It raised $37 million in a Series C1 round. DeFi and NFT round out the ranking.
The most active venture investor of the year was Coinbase Ventures.. In 12 months, they have participated in 71 rounds. High activity is shown by Hashkey Capital (54 rounds) and Shima Capital (49 projects).
We have a detailed breakdown of the June results in the crypto market: