Crypto venture capital funding fell sharply to $659 million in April, marking a near two-year low according to data. The total represents a 74% decline from March and the lowest monthly sum since July 2024, reflecting increased investor selectivity amid a 37% drop in the global crypto market cap since last October.
Crypto venture capitalist funding plunged to a near two-year low in April as investors pulled back from start-ups. According to Cryptorank data, funding fell to $659 million across 63 rounds, down 74% from the $2.6 billion seen across 84 rounds in March.
The April total was the lowest monthly fundraising sum since July 2024. This drop suggests venture investors became more selective as crypto markets remained under pressure.
Monthly VC funding has been declining since October 2025. The global crypto market cap has since fallen by 37%, according to CoinGlass data.
Decentralized finance protocols attracted the most deal activity in April with 12 funding rounds. Blockchain services and artificial intelligence-linked crypto projects followed with eight rounds each.
Crypto market maker GSR’s VC wing was the most active investor of the past month with four investment rounds. Its deals included a $3.5 million seed round in DeFi protocol Legend Trade and a $4 million seed round in DeFi protocol 3F.
Zurich-based investment manager L1 Digital was second with three investments. These included a $5 million seed round in crypto exchange Exponent and an $18 million strategic investment in infrastructure provider Squads.
Y Combinator, Tether, and Animoca Brands also participated in three deals each during the month. Other active firms included landScape Capital, Coinbase Ventures, and Kosmos Ventures.
