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<p class="is-style-lead">Crypto data aggregator CoinGecko released a study on Oct. 10 about the most active cryptocurrency firms, with Coinbase Ventures emerging as the most active.</p> 
<p>Data in the study showed that the Coinbase Ventures made 144 investments in pre-seed or seed stage and an additional 199 investments at the early stages of Series A or B.</p> 
<h2 class="wp-block-heading" id="primary-backers-of-the-crypto-industry">Primary backers of the crypto industry</h2> 
<p>The study goes on to show that, in total, the top 23 most active cryptocurrency venture capitalists have been involved in a range of 149 to 372 deals each.&nbsp;</p> 
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   https://twitter.com/coingecko/status/1711747451609370876 
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<p>Collectively, these prominent crypto venture capital firms have contributed to a substantial 4,346 investments from Jan. 1, 2017, to Sept. 21, 2023, cementing their pivotal role as the primary backers fueling the development of the cryptocurrency industry.</p> 
<p> You might also like: <a href="https://crypto.news/blockchain-analytics-firm-bitscrunch-3-4-million-from-animoca-brands-coinbase-ventures-crypto-com-capital-polygon-studios/"> Blockchain Analytics Firm bitsCrunch Raises $3.4 Million from Animoca Brands, Coinbase Ventures, Crypto.com Capital, Polygon Studios </a> </p> 
<p>Following Coinbase Ventures, NGC Ventures in Singapore ranked as the second most active venture capital firm in the cryptocurrency space, boasting a total of 271 deals to date. </p> 
<p>Among these, 158 belong to the early-stage VC category, while 99 are categorized as pre-seed or seed deals. Like several other leading crypto VC firms, NGC Ventures has yet to record any venture growth deals in its portfolio.</p> 
<h2 class="wp-block-heading" id="hitting-lower-lows">Hitting lower lows</h2> 
<p>This data comes one day after research firm <a href="https://crypto.news/global-crypto-venture-funding-hits-lowest-level-since-2020/">Bloomberg reported</a> that crypto venture funding has hit its lowest point since 2020, with only $2 billion invested in crypto during Q3, 2023.</p> 
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 <div class="wp-block-embed__wrapper"> <iframe title="Venture Capital's Focus on Crypto | Bloomberg Crypto 02/28/2023" width="1020" height="574" src="https://www.youtube.com/embed/1iVJ5AIO8ao?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
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<p>The ongoing downward trend is said to be a result of the mistrust that was triggered after the collapse of FTX.</p> 
<p> Read more: <a href="https://crypto.news/acala-network-karura-coinbase-ventures/"> Acala Network, Karura Receive Backing from Coinbase Ventures </a> </p>

Coinbase Ventures emerges as most active crypto VC firm with 372 deals

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