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Crypto Winter Led to 91% Plunge in VC and Other Investments for January

Investment in cryptocurrency companies plunged 91% in January from a year earlier. Given that these deals can take months to get done, any funding drought resulting from the November collapse of FTX might not even be fully reflected yet.

Venture capital (VC) and other investments in privately held crypto startups amounted to $548 million last month, a huge drop from $6 billion in January 2022, according to data compiled by CoinDesk. The number of transactions shrank to 62 from 166, and most of the 2023 deals were for smaller, early-stage companies, CoinDesk's analysis shows.

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