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PitchBook Analyst Note: Crypto VC Funds Report

Q3 2024

PitchBook Analyst Note: Crypto VC Funds Report

September 5, 2024

Crypto VC fundraising recovery kicks off
 

After a wild ride for the past two years, crypto VC fundraising shows signs of recovery, buoyed by emerging managers and the rise of midsized funds.  

PitchBook’s latest analyst note examines crypto VC fundraising, with Senior Analyst Robert Le exploring the factors likely to drive any funding rebound within the sector. From the experience level of GPs to where capital is being allocated, the note looks comprehensively at the state of fundraising—and provides an outlook on where it might go next. 


Table of contents
Key takeaways 1
Introduction 2
Signs of recovery in crypto fundraising 3
Managers calibrate optimal fund size 5
First-time funds are poised for a rebound 6
Timelines continue to lengthen 7
Manager criteria and categories 13