Crypto Venture Capital Firms Raise Over $2.2 Billion in 2023

According to BlockBeats, data from PitchBook reveals that as of August, crypto venture capital firms have raised over $2.2 billion in new capital through closed-end funds this year. In the past few weeks alone, at least six venture capital firms have collectively raised more than $500 million. This includes ParaFi Capital's $120 million fund, Borderless Capital's $100 million fund, Hack VC's $77 million fund, and Robot Ventures' $75 million fund. Additionally, several funds are actively seeking new capital this year. Bloomberg reports that Dragonfly Capital is aiming to raise $500 million for its new fund and has already secured half of that amount.