Cryptocurrency Funding Surges 40.3% to $2.4 Billion in Q1 2024

May 20, 2024, 05:11 AM

Cryptocurrency funding experienced a significant increase in the first quarter of 2024, with startups raising $2.4 billion across 518 deals. This marks a 40.3% rise from the previous quarter. The median pre-seed and seed-stage pre-money valuation was $21.8 million. According to Pitchbook, crowdfundinsider, and Reuters, this surge in venture capital investment is a tentative sign that investor interest is returning after a prolonged decline. Notably, an AI startup had the largest raise in Q1 with $106 million, valuing it at $1.1 billion.