Despite venture capital activity declining across the board, funding for Bitcoin startups more than quadrupled in 2023, according to a new report.
Research from Trammell Venture Partners (TVP) shows that the number of Bitcoin-native pre-seed deals ballooned 360% last year, while the number of funded Bitcoin companies rose by 56.9%.
VC Funding Explodes On Bitcoin
As explained in TVP’s Friday report, a “Bitcoin native company” is a firm whose product’s success is mutually aligned with that of the Bitcoin network and which is founded on the principle that BTC is the “global monetary asset of the future.”
That includes early-stage startup companies but discounts late-stage firms, Bitcoin miners, and “crypto” oriented companies.
While the absolute number of Bitcoin venture dollars invested fell -12.5% to $305 million in 2023, the count of Bitcoin venture deals rose 69.2%. By contrast, the equivalent numbers for the crypto industry were -64.5% and -35.3%, respectively.
Crypto
We współpracy z: https://cryptopotato.com/venture-capital-interest-in-bitcoin-startups-has-exploded-research/
