Overview of Q1′ 21 private funding of crypto companies

Quick TakeQ1′ 21 was a historical quarter in venture funding for the crypto/blockchain sector with roughly $3.18 billion allocated to crypto/blockchain projectsThe first quarter had more private investment in dollar volume than all of 2020 combinedFive deals this quarter qualified as one of the fifteenth largest crypto/blockchain funding deals of all time, all occurring in March.Decentralized Finance (DeFi) continues to be a popular vertical amongst investors, roughly 26% of the private investment rounds that occurred this quarter were DeFi-related projects.