Utila, Synnax, Sahara, TON Foundation, UXLINK, and TEN are among the startups securing funding in the first half of March.
The first quarter of 2024 is drawing to a close with signs of improved sentiment surrounding cryptocurrencies thanks to the launch of Bitcoin exchange-traded funds (ETFs) in January.
The favorable market dynamics could boost venture capital investment after a long winter. In 2023, venture capital firms in crypto and blockchain raised $5.75 billion across 58 funds, down from 2022’s record year of $37.7 billion across 262 funds, according to a report from Galaxy Digital.
The first signs of recovery came in the last quarter of 2023, when venture funding reached $1.9 billion, up 2.5% from the previous quarter — the first time venture capital investments in crypto startups have grown since early 2022.
