Overview of private funding of crypto companies in August

The crypto/blockchain sector received nearly $2.1 billion in private investment across 124 funding rounds in August. However, compared to July, total dollar volume declined approximately 24%, and the number of deals decreased about 21%. Despite the declining investment in August, Q3 is still on pace to mimic the dollar volumes that occurred in Q2.  

Seed & Pre-Series A deals made up slightly more than half of the funding rounds, with an average deal size of $3.6 million and a median size of $2.5 million. Rising valuations and funding for projects and companies at this stage have been commonplace throughout the year, and this trend held into August. For comparison's sake, during all of Q2, the average and median deal size for Seed & Pre-A was $3.8 million and $2.4 million, respectively.