{"id":18580,"date":"2023-05-12T10:05:58","date_gmt":"2023-05-12T10:05:58","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/crypto-vcs-made-2-6b-worth-of-deals-in-the-first-quarter-of-2023\/"},"modified":"2023-05-12T10:06:01","modified_gmt":"2023-05-12T10:06:01","slug":"crypto-vcs-made-2-6b-worth-of-deals-in-the-first-quarter-of-2023","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/crypto-vcs-made-2-6b-worth-of-deals-in-the-first-quarter-of-2023\/","title":{"rendered":"Crypto VCs made $2.6B worth of deals in the first quarter of 2023"},"content":{"rendered":"
While the crypto space suffers through a bear market, venture capital (VC) firms are still making deals in 2023, demonstrating that the space is alive and well despite the \u201ccrypto winter.\u201d<\/p>\n
According to PitchBook\u2019s Crypto Report for the first quarter of 2023, crypto companies raised $2.6 billion across 353 investment rounds. While it shows the space is still active, it\u2019s evident that it\u2019s not as strong as it used to be. <\/p>\n
The report revealed an 11% decrease in quarter-on-quarter deal value and a 12.2% decrease in total deals. In addition, the quarter also recorded the lowest amount of capital invested in the space since 2020. <\/p>\n