Coinspeaker
Crypto Venture Capital Funding Raised Over $1B in April and March, Signaling Onset of Bull Season

As crypto traders closely followed the Bitcoin halving event, venture capital firms were busy raising funds to build the necessary infrastructure to enable mass adoption of digital assets and web3 protocols. According to market data from Rootdata, $1.024 billion was raised by different web3 projects in April, although a slight decline from $1.094 billion recorded in March.

The cryptocurrency market is already in the early stages of a macro bull run that is expected to take place until the end of next year. As Coinspeaker previously explained, the approval of spot Bitcoin ETFs in Hong Kong and the United States will create a ripple effect in the mass adoption of digital assets.

Crypto Fundings in April Under the Scope

In April 2024, seed funding rounds dominated the crypto venture capital market closely followed by strategic and pre-seed rounds. The United States, Singapore, and Britain led other nations with the top fundraisings last month. Moreover, institutional investors in these regions have accelerated the pace of web3 ...