Venture capitalists release new research Trammell Venture Partners (TVP) Highlights continued growth of bitcoin-native startup activity. Early stage companies raised nearly $1.2B between 2021-2024. Bitcoin startup funding and formation remained resilient despite a general downturn of the crypto-tech venture capital market in 2023-2024. This was particularly true at Pre-Seed.
The 2024 edition is a new version of TVP’s Research Report on Bitcoin Native Venture CapitalBitcoin Pre-Seed transaction volume has increased by 767% since 2021. This indicates a mature and sustainable venture category. Pre-Seed deal counts increased 50 percent year-over-year in 2024. The overall number of Bitcoin-native deals grew by 31,8 percent.
“One or two years’ data might represent an anomaly, but with four consecutive years of year-over-year growth at the earliest stage of Bitcoin startup formation, the data now confirm a sustained, long-term venture category trend,” You can also read about the importance of this in our article Christopher Calicott, Managing Director at TVP.
TVP defines a Bitcoin-native Company is defined as a company whose products are inherently linked to Bitcoin and that uses the Bitcoin Protocol stack within its core business operations.
TVP’s research shows that Bitcoin-specific investment bucked this trend. Bitcoin-native transactions accounted for a larger share of all venture capital activity in 2024. Institutional VC firms like Draper Associates and Y Combinator as well as Ribbit, Founders Fund were notable participants.
TVP Report Excluded mining Operations and outlier late-stage deals will be focused on early-stage infrastructure and software startups. This data includes all activity between 2021 and 2024, with the aim of providing clarity for investors seeking long-term exposure in Bitcoin’s startup ecosphere.
Download the full report via TVP’s official website.
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Source: bitcoinmagazine.com
