VC crypto funding down 256 to 93B in first half of 2022

Investment in venture capital-backed crypto startups dipped 25.6% to $9.3 billion in the first half of 2022 compared to $12.5 billion in the first half of 2021, Crunchbase data published on July 15 shows. The Crunchbase report further stated that crypto startup funding reached $4.2 billion in Q2 2022, nearly the same as the little less than $4.2 billion raised in Q2 2021. However, the Q2 2022 funding was nearly a billion less than the $5.1 billion raised in Q1 2022 and way behind the $6.1 billion raised in Q4 2021, the report stated.One of the reasons why Q1 2022 saw more funding is because there were more large funding rounds, the report said.