From 2016 to 2018, the American venture capital firm Digital Currency Group (DCG) participated in the financing of 127 cryptostartups, and the average size of its investments in this period increased from $ 1.94 million to $ 3.24 million. This is evidenced by the data of the new report published in company blog.
According to DCG analysts, the figures in the report clearly show the dynamics of the cryptocurrency market over a specified period of time.
“In 2017, insanity in the market of tokens led to price hikes. The average estimate of a startup at the initial fundraising stage increased by 45% – from $ 10.68 million in 2016 to $ 15.51 million in 2017.
In 2018, after the collapse of the tokens traded on the public markets, the start-up estimates in closed rounds of the initial fundraising fell by an average of 17% to $ 12.93 million, the study says.
The company stressed that despite the fluctuating cryptocurrency rates, most of the start-ups it financed were able to attract the attention of a venture investor at the initial financing stage.
However, DCG did not share forecasts for the current year.
Recall that in March DCG became one of the investors of the CoinFLEX bitcoin futures platform .
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