Investors unfazed by Q1 crypto funding decline

Crypto-focused venture capital investors are trucking along in their work. Many remain confident in their investing strategies despite an enervated first-quarter market for crypto startup fundraising. Others are noticing a sharper decline in investing pace.
“I definitely saw a big slippage and drop in activity [in] Western markets,” in Q1 2023, said David Gan, founder and general partner of OP Crypto. “I don’t think people are heavily deploying, and rounds are taking a lot longer to close than ever before.”
In Q1, $2.53 billion in capital was raised across 347 crypto and blockchain companies,

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