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.
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…