Crunchbase

"Asia-Pacific Crypto Early Investor Research Report": 85% of Crypto early investors use RootData to improve decision quality, and 27% of investors will increase their investment frequency in Q4

ChainCatcher news, according to Decrypt, Blocktempo and ChainCatcher recently launched a survey targeting early-stage crypto investors in the Asia-Pacific region. The participants included native crypto venture capital funds, traditional venture capital funds, individual investors, and family offices, resulting in 1,084 valid responses.According to the survey, the following key points were noted:• 90% of investors have a single investment amount within $1 million.• In terms of investment data inquiry and project tracking, 85% of early-stage investors chose to use RootData, making it the most commonly used data decision-making platform for early-stage crypto investors in the Asia-Pacific region. Cryptorank and Crunchbase are also commonly used data platforms for cross-validation by early-stage crypto investors.• Regarding project evaluation criteria, team background and experience (75%), technological innovation (53%), and business model (45%) are considered the most important. The main challenges include project information transparency (61%) and rapid industry changes (43%).• Investors believe that DeFi (41%), Bitcoin ecosystem (34%), and RWA (32%) are undervalued sectors, while Layer1/Layer2 (48%) is seen as an overvalued sector.• 42% of investors plan to maintain their current investment pace over the next four months, 27% plan to increase their investment intensity, 22% plan to reduce their investment intensity, and a small number of investors (9%) hold a cautious or uncertain attitude towards the market outlook, finding it difficult to judge or choosing to stop investing. Additionally, 44% of professional investors believe that there have been no significant innovations in the crypto industry this year.The research report also surveyed investors' investment strategies, research methods, due diligence approaches, etc. Click here to access the complete research report.

Crunchbase: Web3 startup Q1 raised $1.7 billion in venture capital, a decrease of 82% year-on-year

ChainCatcher news, according to Crunchbase data, venture capital investment in Web3 startups fell by 82% year-on-year in the first quarter of this year, dropping from $9.1 billion in the first quarter of 2022 to $1.7 billion. This marks the lowest level of Web3 funding since $1.1 billion in the fourth quarter of 2020, when "many people had never heard of Web3." In this context, Web3 startups are defined as early companies that work directly with cryptocurrency or blockchain technology (or both).Additionally, the total number of deals between venture capital and Web3 startups has also seen a significant decline, with 333 deals recorded in the first quarter of 2023, a decrease of about 33% year-on-year. The report also highlights that in the first quarter of 2022, venture-backed startups raised 29 rounds of funding exceeding $100 million. This included large-scale funding of $400 million or more for ConsenSys and Polygon Technology, as well as FTX and its U.S. subsidiary FTX US. In the most recent quarter, only two rounds of funding reached nine figures, as venture capital firms have halted large investments in this sector.The report notes that recent interest in Web3 startups has cooled, but it also emphasizes that venture capital is decreasing across almost every sector. Crunchbase attributes the decline in Web3 funding to investors opting for a risk-averse approach in recent months, with venture capital seeking opportunities in industries they know best—such as cybersecurity or SaaS—rather than in the promise of the next generation of the internet (Web3). (source link)
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