Crypto Venture Capital Market Rebound Extends Into Second Quarter: Galaxy
Summary
The cryptocurrency venture capital market rebounded in the second quarter, with $3.2 billion invested and a median deal size of $3.2 million. Median pre-money valuation surged to near all-time highs at $37 million, indicating increased competition and FOMO among investors. Bitcoin's price and capital invested in crypto startups have decoupled due to factors like ETF introductions and regulatory challenges. Early-stage companies received 78% of capital, while larger VC firms have reduced their activity. The resurgence of liquid crypto may lead to increased venture capital activity in the second half of the year.
