Coinbase Ventures Becomes the Most Active Crypto VC in the First Half of the Year, Completing 30 Deals Against the Bearish Trend

2026-07-13 13:37

Odaily reported that despite the continued downturn in the crypto market, Coinbase Ventures led the venture capital rankings in the first half of 2026 by completing 30 investments.

Animoca Brands followed closely with 19 investments, Andreessen Horowitz (a16z) completed 18 investments, and stablecoin issuer Tether participated in 15 deals.

Over the past 12 months, Coinbase Ventures has completed 75 investments, continuing to lead the industry. Animoca Brands, YZi Labs, GSR, and a16z have completed 40, 39, 31, and 30 investments, respectively.

However, the overall crypto fundraising market remains in a bear market cycle. In June, the total amount raised by crypto companies fell to $1.4 billion, a 63% decrease from $3.8 billion in April. The number of funding rounds also decreased from 89 in May to 61. In comparison, fundraising in April this year was only $698 million, hitting a new low in nearly two years.

So far in July, the crypto industry has completed 12 financing rounds, totaling approximately $456 million.

In terms of investment focus, Coinbase Ventures has primarily invested in payment protocols, DeFi, and infrastructure over the past six months. This includes participation in seven funding rounds for payment projects, four rounds for DeFi, and three rounds for infrastructure and Real World Asset (RWA) tokenization projects.

By sector, the areas that attracted the most capital over the past year were DeFi, payments, and AI. DeFi projects completed 216 funding rounds, the payment sector completed 131 rounds, AI and crypto combination projects completed 128 rounds, and infrastructure projects secured 110 rounds.

It is worth noting that while top institutions remain active, the overall number of market participants is decreasing. The number of independent investment institutions in June dropped to 242, nearly halved from 452 in October 2025, reflecting a concentration of capital in the bear market environment. (Cointelegraph)