PitchBook reveals that cryptocurrency venture capital spending will continue to remain at a low level by the end of 2024. In the last quarter of 2024, the transaction value soared to $2.4 billion, an increase of 13.6% from the third quarter, but the number of transactions decreased from 411 to 351. PitchBook stated that although the rebound in funds indicates that investors are still willing to support mature teams and differentiated technologies, the continued decline in the number of transactions highlights the increasing selectivity of investors, which also reflects that "founders of more mature companies are turning to smaller but strategically focused financing rounds, rather than pursuing the common large financing of the past."
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Report: Crypto venture capital "rebounds" in 2024, and investors are still willing to support mature teams
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