Crypto Fundraising Shifts Towards Larger Deals & Consolidation

The crypto fundraising landscape is experiencing a significant shift. While smaller, early-stage deals are diminishing, the focus has shifted towards larger private rounds and consolidation. This trend was evident in May, with Coinbase’s acquisition of Deribit topping the charts as a prominent example of this strategic approach. 2023’s initial funding saw a decline in small deals, yet large late-stage financing and acquisitions dominated the scene.