Crypto firms raise $258m despite $2 trillion market drawdown – DL News
- Cs pile on another $258 billion into crypto firms.
- Mature companies are winning more investment now, DefiLlama data shows.
- Top investors include Goldman Sachs, Citi, and Galaxy Digital.
The $2 trillion crypto market wipeout isn’t stopping venture capitalists from shopping for deals.
Investors poured in another $258 million into crypto companies in the first week of February, according to DefiLlama data.
Popular sectors included decentralised finance with four deals, and payments with three.
“VCs are starting to steer their resources towards later stage projects, particularly those with institutional partnerships in place and clear go-to-market strategies,” Charles Chong, vice-president of strategy at crypto advisory firm…
