{"id":62824,"date":"2026-03-09T11:17:08","date_gmt":"2026-03-09T04:17:08","guid":{"rendered":"https:\/\/hbbgroup.net\/crypto-funding-up-50-in-12-months-as-fewer-larger-deals-dominate\/"},"modified":"2026-03-09T11:17:08","modified_gmt":"2026-03-09T04:17:08","slug":"crypto-funding-up-50-in-12-months-as-fewer-larger-deals-dominate","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/crypto-funding-up-50-in-12-months-as-fewer-larger-deals-dominate\/","title":{"rendered":"Crypto funding up 50% in 12 months as fewer, larger deals dominate"},"content":{"rendered":"
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Crypto fundraising increased by almost 50% year-on-year between March 2025 and March 2026, despite the number of deals dropping 46% as VCs concentrated bets on late-stage and strategic mega-rounds.<\/p>\n

Messari\u2019s crypto fundraising overview shared<\/a> by the company\u2019s CEO Eric Turner on Sunday shows<\/a> that the average deal size increased to $34 million in the last 12 months, up 272% from a year earlier. This came as the number of active investors fell 34.5% to 3,225.<\/p>\n

\u201cCapital concentration is heavily skewed by late-stage and strategic mega-rounds,\u201d Messari said, noting that in February, just three fundraising events contributed 44% of the $795 million raised over the last month.<\/p>\n

This included Tether\u2019s $200 million investment into online marketplace Whop; $75 million raised for sports-focused peer-to-peer prediction market<\/a> Novig in a Series B funding round led by Pantera Capital; and ARQ, a Latin American<\/a> fintech app focused on stablecoins<\/a> that secured $70 million in Series B funding on Wednesday, led by Sequoia Capital.<\/p>\n

Monthly change in crypto fundraising over the last five years. Source: <\/em>Messari<\/em><\/a><\/figcaption><\/figure>\n

The $795 million figure marks a 65.3% fall from the previous 30 days.<\/p>\n

Turner noted<\/a> that, outside of Dragonfly Capital,<\/a> no major VCs have closed new funding rounds lately, adding that \u201cthe industry needs some fresh capital.\u201d<\/p>\n

Meanwhile, Coinbase Ventures, QUBIC Labs, and Somnia have been the most active crypto investors over the past three months, Messari data shows.<\/p>\n