Record Amount of VC Funds Flowing Into Crypto Firms Rises To $ 15,547,000,000 In Nine Months: Report

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Blockchain companies are inundated this year with record amounts of venture capital funding to the tune of more than $ 15 billion.

According to the distributed ledger market information platform Blockdata, blockchain networks secured record funding of $ 6.58 billion in the third quarter of the year, surpassing the previous record of $ 5.13 billion. dollars established in the second quarter of the same year. In the first quarter, they raised $ 3.83 billion, bringing the total amount of funds raised in the first nine months of 2021 to $ 15.54 billion.

“The third quarter marks a record: never has so much funding been raised by blockchain companies in a single quarter. Note that the second quarter has already marked an all-time high.

The total (disclosed) amount of funding for blockchain companies in the third quarter of 2021 was $ 6.586 billion.

This is almost double the total amount of funding that was raised in the year 2020. In 2020, a total amount of $ 3.802 billion was raised by blockchain companies.

Source: block data

The centralized cryptocurrency exchange FTX received $ 900 million in July, the largest funding round ever by a blockchain network to date, according to Blockdata. Other companies such as Blockstream, which specializes in Bitcoin, cryptocurrency exchange BitPanda, and mining company BTC Genesis Digital Assets were also able to raise hundreds of millions of dollars during the peak of the third. trimester.

The most active fund contributor in the third quarter was San Francisco-based cryptocurrency exchange giant Coinbase, which participated in 18 rounds of blockchain investments, including endowments for companies from exchange rivals FTX and CoinDCX.

Other notable institutional contributors were U.S. investment firm Polychain Capital, crypto-operator fund Divergence Ventures, startup Y Combinator, and mobile games and blockchain investment firm Animoca Brands.

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Featured Image: Shutterstock / Philipp Tur / Andy Chipus

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