VC ‘spray-and-pray era over’ as crypto startups raise $883m in February

Venture capitalists invested $883 million into crypto startups during February despite ongoing market challenges. The funding suggests continued institutional confidence in the crypto sector, with VCs moving away from the previous 'spray-and-pray' investment approach to more selective strategies.

• →Crypto startups raised $883 million in venture funding during February according to DefiLlama data.
• →Investment activity continued despite broader market downturn conditions.
• →The 'spray-and-pray era' of VC investing in crypto appears to be ending.
• →VCs are adopting more selective and strategic approaches to crypto investments.
• →Institutional appetite for crypto startups remains resilient amid market volatility.