Crypto VC Investments Drop 26% in First Half of 2022
— Drop, Crypto, Quarter, Yearoveryear, Record, Half, Deals, Totaled, Billion, Investments — 1 min read
Overall VC deals in the U.S. were down 22% year-over-year to $123.1 billion in the first half of the year. Second quarter deals totaled more than $4.2 billion, roughly flat compared to the same period last year and only down $1 billion from the first quarter.Crypto investments faced particularly difficult comparisons due to their strength last year, which included a record $6.1billion in investments during the fourth quarter. Overall VC investments are down across multiple industries due to the global bear market, according to GlobalData, which is down by 22% in the last six months of 2018. In the first six months, investments in crypto companies totaled $9.3 billion in 2018, down from the record $12.5 Source