Bitcoin companies attracted about $900 million in venture-capital funding in the third quarter of 2020

212 cryptocurrency and blockchain startups received about $897.7 million in venture capital in the third quarter of 2020. The Block Research reports.

According to researchers, the most common type of deals during this period were early-stage and seed deals. They accounted for half of the total volume for the quarter: 59 early-stage deals and 60 seed deals.

The average deal size for early-stage startups was $7 million. The amount of these early deals amounted to about $272 million, or around 30% of the total investments for the quarter.

Seed deals averaged $2.1 million. Their total reached $126 million, representing 12% of the quarter’s total investments.

In 2019, venture capital investments in the cryptocurrency space exceeded $2 billion.

Since the third quarter of 2020, venture funds increased their investment volumes in decentralized platforms for trading crypto-derivatives.

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