Large VC funds are increasingly backing crypto startups spanning DeFi, DePIN, AI and payments.
Venture capital funding into blockchain and cryptocurrency startups accelerated in February, with decentralized finance (DeFi) projects attracting significant investment flows, signaling that demand for blockchain builders remained strong amid volatile market conditions.
According to data from The TIE, 137 crypto companies raised a combined $1.11 billion in funding in February.
DeFi secured nearly $176 million in total funding across 20 projects. Meanwhile, eight business service providers raised a total of $230.7 million. Startups specializing in security services, payments and artificial intelligence also drew significant interest.
