According to Tom Schmidt, a partner at Dragonfly Capital, if the 2023 crypto venture scene was an icy pot of water, the first quarter of 2024 is when the bubbles begin to develop just before the water boils, he told TechCrunch. He is correct, too: according to PitchBook statistics, $2.52 billion in total financing has been raised in the blockchain and cryptocurrency industries in Q1 2024. Compared to $2.02 billion in the fourth quarter of 2023, that is a 25% increase.
This week, the war-torn nation of Ukraine's limited partners, Venrex and Samos Investments, announced the creation of a new venture capital fund (VC) with the primary goal of funding enterprises run by Ukrainians.
With $36 million venture funding commitments, the Artemis Fund, which supports underrepresented founders, closed on its second fund.
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