Crypto venture capital firms are struggling to raise new funds, with major firms pivoting away entirely and half of Paradigm's team departing in two months. The VC Fundraising Crisis Commitments to crypto VC funds remain at historic lows and didn't recover during Bitcoin‘s (CRYPTO: BTC) generational bull run, according to crypto founder Miya.
'Crypto As We Know It Is Over': Why Investors Are Turning Away From Bitcoin, Ethereum, XRP
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Paradigm lost roughly 50% of its team over the past two months, people familiar with the matter said. Crypto venture-capital fundraising commitments remain at historic lows and did not recover during Bitcoin's generational bull run, crypto founder Miya said. Multiple major VC firms have pivoted away from crypto and in some cases exited the sector entirely, people familiar with the matter said.
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