Sequoia and a16z pile in as crypto firms raise $3.9bn in October – DL News
- Investments in crypto companies on pace to pass $25 billion.
- Raises include Stripe’s blockchain project Tempo and Polymarket.
- This month saw raises for betting platforms and infrastructure.
Not even a $20 billion crypto market crash is stopping venture capital investors from piling into crypto startups.
That’s according to Mike Giampapa, general partner of Galaxy Ventures, who told DL News that “we don’t see the recent deleveraging event as having an impact on the VC fundraising environment.”
“While this was the largest notional crypto deleveraging event on record, we view it as a short-term microstructure-driven event more than a reflection of a fundamental shift in the market,” Giampapa said.
His comments come as 83 crypto…
