Last year wasn’t the best year for crypto companies. According to PitchBook data, VC investments in crypto companies are down by 68% in 2023 compared to 2022. To be fair, crypto companies still raised $9.5 billion. But that’s a small number compared to 2022, the year during which crypto companies raised $30 billion.
And yet, some startups are faring better than others. French crypto startup Kiln just closed a $17 million funding round in December 2023; 1kx is leading the round with Crypto.com, IOSG, Wintermute Ventures, KXVC and LBank also participating. Some existing investors also put more money in the company.
