Overview of Q1' 21 private funding of crypto companies

Q1' 21 was a historical quarter in venture funding for the crypto/blockchain sector. In aggregate, roughly $3.18 billion was allocated to crypto/blockchain projects, with an average deal size of approximately $12.7 million and a median deal size of $2.0 million. Additionally, five funding rounds that occurred this quarter all qualified as one of the fifteenth largest in the industry's history.

Early-stage and seed deals were the most common deal types, representing 78% of the deals for the quarter, with 117 deals for early-stage and 127 for seed deals.