Only a few weeks into the fourth quarter, European investment in crypto and DeFi businesses has already surpassed quarterly highs.
According to data from startup analytics platform Dealroom, fourth-quarter investment in cryptocurrency businesses in Europe and the United Kingdom totaled €793 million (approximately $925 million).
The majority of that total comes from massive fundraises completed by payments firm MoonPay and crypto lender Celsius Network in the last few weeks, each of which secured $400 million. On October 11, Elliptic, a blockchain analytics platform, announced a $60 million funding round.
According to Dealroom data, the previous investment record was set in the first quarter of 2021, when Europe’s crypto firms received €715 million (roughly $834 million). In that quarter, 25 transactions were completed.
After only six investments closed in the fourth quarter and nearly three weeks, a new high water mark has already been set.
If the pace of fundraising by Europe’s crypto firms continues in the final months of the year, the margin of record could be quite large. ULTCOIN365 is aware of at least one other major fundraising effort by a European crypto firm, but the process is ongoing and the exact nature of the investment is unknown.