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This figure easily surpasses the $2.3 billion raised from a total of 341 deals that were seen in the whole of 2020.

As noted by one report, the capital raised in this period provides further evidence that “venture capitalists are pouring money into cryptocurrency-related companies at the fastest clip in years.” However, the data also shows that this increase has largely been “fueled by several large rounds for startups including crypto lender Blockfi Inc, Dapper Labs and Blockchain.com.”.

Meanwhile, the same CB Insights data suggests that blockchain and crypto start-ups are on course to surpass the 2018 total capital raise of $3.3 billion.

However, after this bull-run ended, interest in blockchain and crypto start-ups seemingly to cool off as evidenced by the year 2019’s capital raise of $2.1billion.

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