It turns out that 2020 wasn’t so bad for crypto startups after all.
Despite a rough start to the year, the number of crypto fundraising deals rose by 33% compared to 2019, reaching over $3 billion in venture capital, according to a new report by PricewaterhouseCoopers (PwC). What’s more, researchers at the Big Four accounting firm see 2021 shaping up to be the year more giant tech firms, such as PayPal, start going on bigger shopping sprees for crypto firms that provide „ancillary” services.
Venture capital fundraising all but crashed in the first half of 2020—thanks to the coronavirus pandemic and the economic turmoil it wrought—but if PwC’s report is anything to go by, it has made quite the recovery.
When the pandemic started really hurting the economy, VC funding for crypto projects fell dramatically by 50%. But it picked up again, thanks largely to institutional investors and a spectacular bull run and, according to PwC, the average fundraising amount rose by 68% from 2019.
Źródło: https://decrypt.co/63270/crypto-fundraising-startup-acquisitions-pwc
