April 5, 2021, 5:33AM EDT
• 7 min read
Overview of Q1' 21 private funding of crypto companies
- Q1′ 21 was a historical quarter in venture funding for the crypto/blockchain sector with roughly $3.18 billion allocated to crypto/blockchain projects
- The first quarter had more private investment in dollar volume than all of 2020 combined
- Five deals this quarter qualified as one of the fifteenth largest crypto/blockchain funding deals of all time, all occurring in March.
- Decentralized Finance (DeFi) continues to be a popular vertical amongst investors, roughly 26% of the private investment rounds that occurred this quarter were DeFi-related projects.