April 5, 2021, 5:33AM EDT
• 7 min read

Overview of Q1' 21 private funding of crypto companies

Quick Take

  • 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. 

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