![]() In addition to financial assistance, the firm helps new crypto entrepreneurs steer their business plans and even helps them find the right board members. However, Block Labs is one VC firm that is an expert in doing just that.īlock Labs is a venture capital investment firm that provides funds and strategic advice to crypto businesses. The saturated nature of the market means that it’s challenging for new projects to stand out from the crowd and attract the attention they need to be a success. Block Labs – Overall Best Crypto VC Firm in 2023ĭata gathered from CoinMarketCap shows that the crypto market is now valued at over $837bn. In this section, we explore the best crypto VC firms in the market – touching on who they are and what kind of services each offers. This data suggests that institutional investors are actively looking for new projects that have the potential to grow – despite a challenging bearish market.Įvidently, crypto investment firms play a crucial role in funding innovation in the digital asset space. Top Crypto Venture Capital Funds ReviewedĪccording to a KPGM report published in 2022, venture capital firms have poured $14.2 billion into crypto projects in the first half of this year. SVB’s downfall occurred alongside other crypto and tech-friendly banks, including Signature Bank and Silvergate Bank, in what was later recognized as the most significant banking crisis since 2008.Įarlier in the year, SVB Financial’s investment-banking subsidiary, SVB Securities, was sold to its founder, Jeff Leerink, and other senior managers for $100 million.Crypto entrepreneurs might also want to check out our list of the best financial PR agencies to get their startups more exposure in the blockchain industry. In contrast, Scaramucci’s SkyBridge Capital manages approximately $1.8 billion in assets, with a portion of that sum, around $580 million, allocated to cryptocurrencies and other digital asset-related investments.Įarlier this year, California’s financial regulatory authority shut down Silicon Valley Bank on March 10, and the bank filed for bankruptcy on March 17.īefore its collapse, Silicon Valley Bank was one of the few institutions that provided banking services to cryptocurrency companies in the United States. It is worth noting that SVB Capital functions as an investment capital platform with a diverse portfolio, including investments in prominent Silicon Valley venture capital firms like Sequoia and Andreessen Horowitz (a16z).Īs of December 2022, SVB Capital managed assets worth $9.5 billion across 20 funds and 760 companies, which included investments in blockchain analytics service Chainalysis. The bank reportedly stated that SVB Capital would continue its regular business operations despite being put up for sale. Notably, SVB Capital was not part of SVB’s broader Chapter 11 bankruptcy proceedings. However, it’s crucial to note that a definitive sale is not guaranteed and would still require approval from the creditor’s committee.Ī decision regarding the sale is expected to be presented to the court in the coming weeks. Sources suggest that SVB’s venture capital arm could fetch a price ranging from $250 million to $500 million.
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