PitchBook: Crypto VC investment "rebounds" in 2024, indicating that the focus should be on "mature" teams

Odaily News PitchBook revealed in a new report that crypto venture capital spending continued to remain low at the end of 2024. In the last quarter of 2024, transaction value jumped to US$2.4 billion, up 13.6% from the third quarter, but the number of transactions fell from 411 to 351. PitchBook said that while the rebound in funding shows 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 large financing that was common in the past." (Blockworks)