Crypto Venture Capital Spending Reaches $2.4 Billion in Q4 2024

Crypto venture capital (VC) spending remained low at the end of 2024, according to a PitchBook report.

Key findings include:

Deal values increased to $2.4 billion in Q4, up 13.6% from Q3
Number of deals decreased from 411 to 351
Total VC spending in 2023 was $10.3 billion across 1,936 deals, similar to 2022's $10 billion across 1,940 deals

The median seed stage check rose 20% to $3 million, while early-stage funding increased 26% to $4.8 million. Late-stage funding slightly declined from $6.4 million to $6.3 million.

Despite some positive trends in deal values, overall crypto VC spending has not returned to pre-crypto winter levels. This indicates a shift towards more selective investment strategies among investors.