2025-02-16-PitchBook-2024年四季度加密风险投资趋势（英）_12页_9mb

Crypto VC Trends Q4 2024 Summary

In Q4 2024, crypto venture capital (VC) activity rebounded modestly as deal value increased by 13.6% to $2.5B from Q3's $2.2B, but the number of deals dropped 14.6% to 351 from 411, despite overall 2024 funding remaining almost flat at $10B across 1,940 deals. Valuations surged, with seed stage pre-money valuations rising 70.2% YoY to $20M and early-stage nearly doubling to $52.3M. Investments concentrated on infrastructure, scalability, and AI-driven projects, though exits showed cautious M&A trends with fewer acquisitions. The market demonstrated resilience amid regulatory and macroeconomic pressures.

Key industries:

• Infrastructure and developer tools dominated funding.
• DeFi and Web3 saw continued interest from both crypto-native and traditional VCs.
• Rebound in funding suggests investor confidence but heightening selectivity, tracking an ongoing market normalization.

Future outlook anticipates further consolidation in core sectors like blockchain infrastructure and AI innovation.