Germany’s blockchain funding increases 3% amid market downturn: Report


Germany has reached an all-time high in global venture capital funding share in 2023 despite a decline in the overall performance of the blockchain market across the globe, according to a report published by Crypto Valley Venture Capital (CVVC). 

Within CVVC’s report titled “The German Blockchain Report 2023,” the country’s blockchain sector recorded a total of $355 million invested across 34 deals. This represents a 3% year-over-year (YoY) increase in funding for the Western European country, according to the CVVC.

State of German venture capital funding in 2023. Source: CVVC

Apart from this, the report highlighted that Germany also experienced its record share in global funding. The country reportedly attracted 2.4% of global blockchain funding and 2.5% of global deals. Compared to 2022’s figures of 0.9% in global funding and 1.9% in global deals, the country saw an increase in percentage in both statistic in 2023. 

When it comes to Europe, Germany has also taken a fair share of funding within the region’s blockchain ecosystem. The report noted that the country secured 9.4% of…

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