Crypto Fundraising Plummets to 3-Year Low in Q3 as Investor Sentiment Sours
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Crypto fundraising in Q3 fell to its lowest level in 3 years, per Messari report. Amount raised was just under $2.1B across 297 deals.
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This is the lowest amount raised and number of deals since Q4 2020.
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In Q1 2022, crypto firms raised nearly $17.5B across over 900 deals. Fundraising diminished through 2022 as industry conditions worsened.
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Q3 fundraising fell 36% compared to Q1 and Q2 2022, which each saw around $7.5B raised across 200 deals.
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Investors are focusing on early-stage projects and infrastructure rather than user-facing applications.