Average crypto venture funding size grew about 33% in 2020

Crypto venture funding increased by a third in 2020 compared with 2019, according to The Block Research.

In total, the average venture capital funding size in 2020 grew 32.5% to $5.7 million and the funding median was $1.8 million.

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Nearly all size categories of venture funding in the cryptocurrency space grew in terms of the number of deals as well, with funding rounds ranging from $1 million to 5 million leading the way, according to The Block Research’s 2021 Outlook Report. Finally, compared with 2019, there were two additional deals in 2020 worth at least $100 million.

For more information on cryptocurrency and blockchain venture funding, read The Block Research 2021 Digital Asset Outlook Report.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.

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