- Global crypto venture capital investment dropped to $2.6 billion in Q1 2023.
- This represents the lowest amount of capital invested since Q4 2020.
- However, certain segments of the markets still attracted significant investment.
Macroeconomic factors continue to take their toll on the tech and crypto sector. Crypto venture capital (VC) investment has seen a significant slowdown in Q1 2023.
According to a recent report by Pitchbook, venture capital invested a total of $2.6 billion across 353 deals globally, marking the lowest level of investment activity since Q4 2020.
Despite the overall slowdown, certain areas within the crypto sector managed to attract notable investments. Layer-2 scaling solutions and crypto custodial services emerged as the bright spots in an otherwise cloudy investment landscape.
Crypto L2s and Custodial Services Attract Venture Investments
Despite the negative trends in…
