Nearly $900 million in VC went to crypto companies in the third quarter of 2020

During the third quarter of 2020, $897.7 million in venture funds were allocated across 212 crypto and blockchain startups, according to data compiled The Block Research.

Early-stage and seed deals were the most common deal types, according to The Block Research’s John Dantoni. Such deals represented half of the quarter’s total, with 59 deals for early-stage and 60 for seed deals.

The average deal size for early-stage startups was $7 million. These early-stage deals aggregated about $272 million, or about 30% of the investment total for the quarter. Seed deals averaged $2.1 million and accounted for about 12% of investments for the quarter. 

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© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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