Crypto VCs set to raise $4 billion this year
After two bleak years, crypto venture capital funds are seeing an uptick in fundraising as President Trump’s friendlier regulatory environment boosts confidence in the sector’s growth.
Among the larger hauls:
Haun Ventures will complete raising $1 billion in June.
Dragonfly looks close to completing its $500 million fund.
Pantera Capital is raising its fifth fund, which is targeting $1 billion.
Pete Najarian, managing partner of RW3 Ventures, told The Information that the funds are “entering a period when investment funds are running out” from money that poured in during 2021 and 2022. 2022 in particular was a banner year for crypto VC fundraising, peaking at $25 billion.
Najarian added there’s “a lot of competition for money” due not only to the many firms trying to fundraise, but also to other options for investors to get exposure to crypto firms like Strategy or upstart Twenty One Capital as well as myriad bitcoin ETFs.
Pete Najarian, managing partner of RW3 Ventures, told The Information that the funds are “entering a period when investment funds are running out” from money that poured in during 2021 and 2022. 2022 in particular was a banner year for crypto VC fundraising, peaking at $25 billion.
Najarian added there’s “a lot of competition for money” due not only to the many firms trying to fundraise, but also to other options for investors to get exposure to crypto firms like Strategy or upstart Twenty One Capital as well as myriad bitcoin ETFs.
