Tons of capital has been raised across the crypto industry in recent months, but there has been a noticeable pause in deployment. That might change in the coming months.
Some VCs are taking advantage of this time as the market remains investor-friendly, while others are waiting just a bit longer to push out capital.
“There’s been this kind of viral dialogue that sometime around September, valuations are gonna come down even more significantly and it’s just gonna be a frenzy,” Nage said.
Even though there might be a waiting game happening right now, the total amount of capital going into crypto is still up from the year-ago period. Capital raised in the digital asset sector rose nearly 35% from $6.08 billion during the second quarter of 2021 to $8.13 billion in the second quarter of 2022, according to data compiled on PitchBook.