Crypto infrastructure projects led the way in attracting venture capital with major infra projects raising a combined $685 million in new capital in Q2.
Crypto startups raised slightly more from venture capital funding in Q2 compared to the first quarter of the year — despite the total number of deals falling, according to data from Pitchbook.
In an Aug. 9 report, Pitchbook said there was a 2.5% increase in total invested capital, but a 12.5% decline in the number of deals compared to Q1.
Pitchbook says this could mean more promise from institutional investors in the market.
