alexrusfun-European DeFi startups saw 120% increase in VC investment in 2022: Data

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2022 was a turbulent year for the crypto space, from an ongoing bear market and high-profile collapses of some of the industry’s most prominent players, like Terra and FTX. Despite the setbacks, venture capital (VC) investors continued to show support for crypto startups.

According to a new study released by European investment firm RockawayX, VC investment in crypto startups based in Europe reached its all-time high in 2022, with $5.7 billion invested

Cumulative number of crypto startups by HQ location. Source: RockawayXCrypto VC investment by sector in Europe (2022). Source: RockawayX

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