Over 1,200 crypto startups raised funds during a tumultuous year of crypto collapses, and 80% of these projects are still building today, according to Lattice Fund.
More than 80% of early-stage startups that raised funds in 2022 are still active today despite high-profile crypto collapses that plunged the markets into darkness, according to a new report from venture capital firm Lattice Fund.
In an Oct. 1 report on startup funding, analysts from Lattice Fund found that of the more than 1,200 crypto startups that raised a collective $5 billion in funds in 2022, 76% managed to launch a product on the mainnet, though 18.5% are no longer active or made the call to shut down.
Over 80% of startups shipped products after raising funds. Source: Lattice Fund
