Meet the 5 Most Active Venture Capital Firms in Crypto

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Venture capital money flows to DeFi and web3.

Image source: Venture Capital.

Crypto winter? Never heard of it. Despite bitcoin trading 70% below its all-time high, venture capital (VC) firms are still funding projects.

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The average total value of deals closed in the first two quarters of 2022 reached $14.6 billion, double the $7.26 billion collected in 2021, according to CoinTelegraph research.

Not only the total values ​​increase, but also the number of transactions. So far, 1,139 have been minted this year, slightly less than the 1,348 in 2021.

The only indication that crypto winter is a thing is the decline in the average deal value between the first and second quarters of 2022. Between January and March, the average deal value was $32.1 million, or 4.3 million more than the figures from April to June.

In this article, AltFi brings you the most active venture capital firms in crypto this year:

Animoca brands:

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Game software developer and venture capital firm Animoca Brands were the most active VCs in 2022.

Animoca Brands closed 107 deals this year and has invested heavily in NFT and web3 projects.

In the first quarter of 2022, 42% of all individual deals were closed on NFT projects, representing 83% of all industry deals during the quarter.

In the second quarter of this year, Animoca Brands spent 73% of its resources on Web3 projects.

The Hong Kong-based company’s most prolific number of investments comes from $358.9 million raised in January. Liberty City Ventures led the funding round.

Offers: 107

To concentrate: NFT and web3

Coinbase Ventures:

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Coinbase Ventures (CBV) comes in second. The investment arm of crypto exchange CBV wants to invest in early-stage crypto and blockchain companies.

So far this year, the company has closed 82 individual deals with web3 and DeFi at the heart of their business.

In the first quarter of 2022, DeFi accounted for 27% of its investments, and in the following quarter, CBV spent 44% of its resources on web3 efforts.

CBV has so far participated in 275 investments.

Offers: 82

To concentrate: DeFi and web3

Capital of Shima:

San Francisco-based Shima Capital is in third place, with 63 individual deals closing in the first two quarters of 2022.

Shima Capital has been most active in DeFi and web3, focusing its efforts on seed and seed funding.

DeFi investments account for 40% of Shima’s business in the first quarter, with 50% of the company’s focus on Web3 projects.

On August 17, Shima launched its Shima Capital Fund and collectively raised $200 million. Notable investors include Dragon Fly Capital and Animoca Brands.

Offers: 63

To concentrate: Challenge and web3


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Another Hong Kong-based VC, GSR specializes in providing liquidity, risk management strategies and structured products to crypto investors.

In 2022, GSR signed 49 deals with DeFi, their main area of ​​interest.

In the first quarter of 2022, 56% of GSR’s business was dedicated to DeFi projects, while the second quarter was just under 50%.

In addition to DeFi, web3 investments were also a large part of GSR’s commitments in 2022.

In March, GSR was one of the notable investors in Composable Finance’s $32 million funding round.

Offers: 49

To concentrate: Challenge

Skip the capital

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Last on our list is Jump Capital. Venture capitalists have specialized in series A and B investments in the expansion phase, with a focus on technology and software companies.

During 2022, Jump Capital entered into 45 individual investment deals with DeFi projects drawing the most attention.

In the first quarter of 2022, 30% of Jump Capital’s investments went to DeFi projects. This figure rose to 50% in the second quarter of the year.

In July, Jump Capital was one of the leading companies in the $13 million funding round for fitness app Sweatcoin.

Offers: 45

To concentrate: Challenge

Based on AltFi’s list, DeFi and web3 seem to be the hot spots that attract the most VC funding. With blockchain gaming, metaverse, and DeFi technology becoming more accessible, it’s no wonder these industries have received the lion’s share of VC attention.

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