Pro
Q4 Crypto Fundraising Brief
Key Insights
- Fundraising volume increased 81% QoQ during Q4. This increase was driven by slow but steady growth in early-stage deal volume combined with large spikes in public Bitcoin miner deals.
- Q4's top deals to watch include Blockaid, Ritual, Blast, Privy, Drift, Northern Data, Phoenix Group, and more.
- The average deal size climbed up to $8 million by the end of the quarter. At the end of Q3, the average deal size was ~$5.8 million.
Fundraising deals generally bounced in Q4. Even though the monthly deal count technically trended downwards throughout the quarter, the cumulative count was still up 28% QoQ. It's uncertain from here, but given Q4's public market rally, there are good odds this trend will continue into Q1 2024.
The top deals from the quarter to watch include:
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