Crypto companies raised just over $25 billion in venture funding during 2021

Just over 1,700 venture capital deals focused on the crypto space occurred in 2021, netting these startups, projects and protocols some $25.1 billion in financing.

Compared to 2020, the new figures represent a 126% increase year-over-year in the number of deals and a 719% increase year-over-year in total funding. These findings were included in The Block Research’s 2022 Digital Asset Outlook Report.


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As The Block has reported in its funding deal coverage, numerous crypto companies achieved so-called unicorn status – that is, scoring valuations above $1 billion.

Per The Block Research’s findings, at least 65 companies achieved this distinction during 2021. On a two-year horizon, that represents a 491% increase.

Recent unicorn-status funding rounds include FTX, Alchemy, TaxBit and Dune Analytics. Other well-known companies, including Binance and its US-based offshoot, are also said to be raising at multi-billion-dollar valuations.

Read the full 2022 Digital Asset Outlook Report here.