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Blockchain start-ups raised a record $4.4 billion in the second quarter despite the slump in crypto prices
CNBC July 22, 2021
Key Points
– Blockchain start-ups raised a record $4.38 billion in the second quarter, according to data from analytics firm CB Insights.
– It highlights how investors are finding alternative ways to gain exposure to the nascent crypto market.
– Funding for fintech companies as a whole also hit a new record, with an eye-watering $30.8 billion flowing into the sector.
Funding for blockchain start-ups topped $4 billion for the first time in the second quarter, despite a sharp slump in cryptocurrency prices.
Companies in the nascent industry raised a record $4.38 billion, according to data from analytics firm CB Insights, up more than 50% from the previous quarter and a nearly ninefold increase from the same period a year...
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