TechFlow news, according to The Block, despite a sluggish market, Galaxy Digital reported continued improvement in the crypto venture capital landscape during the second quarter, with a more active fundraising environment. Data shows that venture capitalists invested $3.19 billion into crypto and blockchain companies in Q2, slightly up from $3.16 billion in Q1.
Web3, Layer 1, and Bitcoin Layer 2 were the most prominent investment categories this quarter. Web3 attracted $495.5 million in investments, Layer 1 received $371 million, and Bitcoin Layer 2 projects raised $94.6 million, marking a 174% increase quarter-on-quarter. Early-stage deals accounted for 78% of total investment capital, while pre-seed rounds made up 13%.
The report noted that although overall investment levels remain far below the bull markets of 2021–2022, sentiment in crypto venture capital has improved. The median deal size rose from $3 million to $3.2 million in Q2, while pre-money valuations surged from $19 million to $37 million. Total deal count increased from 682 in Q1 to 739 in Q2.
