Crypto company venture capital financing drops to March 2019 level

According to ANA analysis, despite the global coronavirus pandemic causing economic turmoil, crypto startups raised $ 417 million in venture capital through 39 transactions last month. However, excluding the US $ 300 million received by Bakkt, the total is only US $ 117 million, which is lower than the US $ 134 million raised in January and the US $ 150 million raised in February 2020. In addition, DeFi and the digital identity sub-industry accounted for more than half of the funds, raising 41 million US dollars and 43 million US dollars respectively.