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Crypto Startups Suffered from COVID-19 Impact of 50% Reduction in Funding

Yiran Dai

Summary: Ana.vc reported the COVID-19 pandemic caused an over 50% contraction in funding for venture capital supported crypto projects in April, which fell to a total of $50 million from disclosed numbers, except for Bakkt.

Ana.vc reported the COVID-19 pandemic caused an over 50% contraction in funding for venture capital supported crypto projects in April, which fell to a total of $50 million from disclosed numbers, except for Bakkt.

Among the $50 million funds, almost $30 million came from DeFi and Fintech, especially those in the lending category. The most common round was equity seed funding. 

By Yiran Dai

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