Sun. Jun 23rd, 2024

Crypto Startups Receives More Funding In January More Than Annual Funding For Other Startups In Africa.

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Although 2021 recorded highest growth investments in crypto startups, January 2022 data shows that high rate of capital inflow this year is set to break 2021 record.

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Financial Report on January 2022 shows that crypto startups have raised nearly $5 billion. This is just as much as all the investments that African startups raised in 2021 at $4.65 billion.

The near $5 billion in latest funding for crypto startups set a new monthly record.

Surprisingly, funding grew despite the massive crypto market clash in the month.

A lot of the new funding rounds have continued to get bigger, especially for later-stage companies.

Here are January 2022 key stats according to Bitcoinke

  • Around 200 crypto startups secured funding
  • There were 15 mega rounds of at least $100 million
  • The biggest round was from Fireblocks at $550 million
  • Crypto trading, custody, and financial services categories received the most funding
  • The NFT and gaming vertical continue to secure ample cash
  • Crypto infrastructure is getting popular among VCs

As African tech took center stage in 2021, the crypto ecosystem is set for more sprinth growth for in 2022 when you judge from the impressive investments in January 2022 alone.

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