Venture capital (VC) companies invested $30 billion in crypto companies in 2021. This represents an increase of 450% compared to 2020.
CryptoPotato noted that crypto-related companies saw significantly more venture capital (VC) fund inflows in 2021 than in previous years, according to a report by CryptoQuant. This amount, which was around $5.5 billion in 2020, reached $30 billion in 2021, an increase of 450%. This $30 billion investment is the highest the field has ever seen.
Bitcoin Accelerates ETF
The US’s first Bitcoin ETF, which was approved in October and made a big impact in the crypto community, allowing Bitcoin to make a new ATH, was also included in the report. Accordingly, it was stated that the majority of the said fund came after the first Bitcoin ETF in the USA.
NYDIG First Place
NYDIG, which provides Bitcoin services to institutional companies, is one of the companies that received significant investments from VCs. Crypto lending platform Celsius Network $750 million; Several crypto-related companies have also raised over $100 million from VCs, including the developers of the Axie Infinity blockchain game Sky Mavis.
New Crypto Fund from a16z
Andreessen Horowitz (a16z), one of the leading venture capital firms, participated in the funding round of several crypto-assets-related companies in 2021. Previously, the company launched a $2.2 billion crypto fund.