Crypto VC Investments Lowest Since Q4 2020 - Galaxy Research Report

VC investments in crypto firms drop in Q1 2023 despite regulatory turbulence in the US, with $2.4B invested, the lowest since Q4 2020, per Galaxy Research. However, the report notes an increase in the number of deals made by nearly 20%, speculating a potential rebound in VC activity following strong price gains in Q1. US-based companies still lead in raising VC money with 42.8% of the share, followed by France at 19.4%, a significant jump from less than 5% in Q3 2022.