#Crypto capital venture series#

#Crypto capital venture series#

Crypto payments firm MoonPay raised $555 million in a Series A round in November to reach a $3.4 billion valuation.Forte Labs, which provides blockchain tech to video game companies, raised $725 million in a Series B round in November.Crypto custodian New York Digital Investment Group (NYDIG) raised $1 billion in December, putting its valuation at $7 billion.Crypto exchange FTX had a $900 million Series B round in July, giving it a valuation of $18 billion.Here are some of last year's biggest VC deals: Now, let me show you where venture capitalists are placing their bets in crypto. And the earlier you invest, the bigger your returns are likely to be. The venture capitalists are sending us a message: Crypto is next.

And they only invest after doing extensive research.Īll this tells us as investors that venture capitalists have anointed crypto and blockchain tech as the 'Next Big Thing.' The same thing happened in the late 1970s and early 1980s with the personal computer revolution, and in the late 1990s with the Internet.

VCs only bet on companies where they see the potential to make an exit with multiples of the amount they invested. It's hard to overestimate how much of a big deal it is to see such large sums of venture capital moving into crypto. Venture capitalists made 1,247 deals in 2021, about twice as many as the previous year. The number of VC deals in the crypto space also increased. Analytics firm CB Insights put the number at $25.2 billion, a stunning 713% increase over the $3.1 billion invested in crypto startups in 2020 and more than five-times higher than the previous record of $4.7 billion set in 2018. Because it means that 'thing' is on the cusp of exploding into a major area of growth with a potential wellspring of profits just waiting to be tapped.Īnd now, venture capitalists have their sights set on cryptocurrency, with more money invested in crypto and blockchain tech companies in 2021 than in all previous years combined.Įxactly how much depends on who you ask - estimates range from about $21 billion to as high as $33 billion. When venture capitalists start throwing tens of billions of dollars at a particular thing, investors tend to take notice. Save my name, email, and website in this browser for the next time I comment. Sign me up for the Money Morning newsletter

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