Cryptocurrencies
Crypto Firms Got More Funding Last Quarter Than In All of 2020
- Startups raised $2.6 billion, according to CB Insights
- First-quarter surge was fueled by several large rounds
This article is for subscribers only.
Venture capitalists are pouring money into cryptocurrency-related companies at the fastest clip in years.
In the first quarter, 129 startups focusing on the digital technology known as blockchain raised about $2.6 billion, according to CB Insights. That’s more than in all of 2020, when they attracted $2.3 billion in 341 deals, according to the data analysis company.