Crypto VC Activity Slow to Catch Up to Friendlier US Environment

Despite a friendlier environment for digital assets in the US and globally, crypto venture capital activity has largely remained at a standstill.

Crypto VC investments in the US decreased 22% to about $1.3 billion in the first three months of the year from the fourth quarter and edged up from the year-ago period, according to data compiled by Pitchbook. Cryptocurrency-wallet provider Phantom Technologies Inc. raised the most money in the US in the first quarter, attracting $150 million in a funding round led by Sequoia Capital and Paradigm that values the startup at $3 billion.

Pitchbook

The slowdown came even ...