1 day ago
New probe from task superior steadfast Trammell Venture Partners (TVP) highlights continued maturation successful bitcoin autochthonal startup activity, with astir $1.2 cardinal raised by early-stage companies betwixt 2021 and 2024. Despite a broader downturn successful crypto and tech task superior markets during 2023 and 2024, Bitcoin-specific startup enactment and backing showed resilience, peculiarly astatine the Pre-Seed stage.
According to the 2024 variation of TVP’s Bitcoin-Native Venture Capital Landscape Research Brief, Bitcoin Pre-Seed startup transaction measurement roseate 767% compared to 2021, signalling a maturing and sustained task category. In 2024 alone, Pre-Seed transaction counts accrued 50% year-over-year, portion the wide woody number for Bitcoin-native startups grew by 31.8%.
“One oregon 2 years’ information mightiness correspond an anomaly, but with 4 consecutive years of year-over-year maturation astatine the earliest signifier of Bitcoin startup formation, the information present corroborate a sustained, semipermanent task class trend,” said Christopher Calicott, Managing Director astatine TVP.
TVP defines a Bitcoin-native institution arsenic 1 whose merchandise occurrence is inherently aligned with Bitcoin’s occurrence and which leverages the Bitcoin protocol stack successful its halfway operations.
While wide task superior dollars successful the crypto assemblage declined, TVP’s findings amusement that Bitcoin-specific investments bucked the trend. In 2024, Bitcoin-native deals made up a increasing stock of task activity, with notable information from organization VC firms specified arsenic Draper Associates, Founders Fund, Y Combinator, and Ribbit Capital.
TVP’s study excluded mining operations and late-stage outlier deals to absorption connected early-stage bundle and infrastructure startups. The information acceptable includes enactment from 2021 done 2024 and aims to connection clarity to allocators seeking semipermanent vulnerability to Bitcoin’s startup ecosystem.
The afloat study is disposable for download via TVP’s authoritative website.
Vivek has been fascinated by Bitcoin since helium discovered it successful 2016. He besides runs a Bitcoin selling agency, Bitgrow Lab, and helium utilized to enactment astatine a Bitcoin VC fund, Lightning Ventures. He loves growth, marketing, startups, and writing. He is an EU quality newsman for Bitcoin Magazine.
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