Fundraising activity fell to multi-year lows in August as the crypto market stagnated and investors worried about the future of crypto regulation. These facts are leading to a decrease in investment activity in the crypto industry, with a few projects receiving large investments from venture capital funds.

Read our new Crypto Fundraising Recap for more insights and detailed analysis of August’s investment trends.

Executive Summary:

1. Investment activity fell to lowest level in more than two years in August
2. Crypto startups raised $349.3M (-50.4% MoM), while the number of funding round slightly increased compared to July
3. Blockchain Services attracted the largest amount of funds last month
4. US-based startups lead in terms of funds raised despite regulation uncertainty in the region.

Fundraising activity fell to its lowest level in more than two years.

August has been a disappointing month for the crypto industry. The price of BTC dropped by 11.2%, with altcoin prices following the negative trend. Crypto fundraising activity also fell to its lowest level in more than two years. Crypto startups raised $349.3M (50.4% drop compared to July). However, the number of funding rounds increased slightly compared to July, 63 versus 61.

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Author: Crypto Daily

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