According to The Block, despite the pandemic, since the beginning of the year, 265 projects related to blockchain and cryptocurrencies have raised $ 1.47 billion. It is worth emphasizing that almost half of this amount came from only two companies:
– Bakkt, which raised $300 million during the Series B round.
– Binance, which bought the market-leading CoinMarketCap service (amount in the range of $ 300-400 million).
The chart below shows the dynamics of investments in the blockchain space in the context of various rounds, stages of the life cycle and types of transactions. One can see a significant drawdown in investment volumes from February to March, amounting to 61%. Subsequently, indicators confidently recovered: by 43% from March to April and by 79% from April to May. The total amount of investments in projects in the later stages increased by 868% – from $6.5 million in April to $62.9 million in May. The indicator for transactions in the early stages, by contrast, fell by 46%. Thus, it is possible that in the current environment, investors are focused on more mature companies, investments in which are perceived as safer.
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