Bitcoin Startups Surge in 2024: $1.2B in Funding, 767% Increase in Pre-Seed Deals
A new report by Trammell Venture Partners (TVP) reveals a surge in bitcoin-native startup activity in 2024. The full report is available for download via TVP's official website. The study highlights a 767% increase in pre-seed transaction volume for bitcoin startups compared to 2021, with early-stage companies securing nearly $1.2 billion in funding from 2021 to 2024.
Bitcoin-native deals accounted for an increasing portion of venture activity in 2024. This growth was supported by prominent institutional investors such as BlackRock and Coinbase Ventures, who collectively contributed to a $13.6 billion venture capital investment in crypto and blockchain startups. Despite a broader decline in crypto funding, bitcoin-focused investments bucked the trend, with total bitcoin-native startup deals rising by 31.8% in 2024.
The Lightning Network and other technological advancements have transformed bitcoin into a platform for entrepreneurs. Pre-seed deal activity for bitcoin startups climbed 50% year-over-year in 2024, demonstrating sustained momentum in bitcoin-native startup development from 2021 to 2024.
The TVP report underscores the growing interest and investment in bitcoin-native startups, with a significant increase in funding and deal activity. As bitcoin continues to evolve as a platform, entrepreneurs and investors alike are capitalising on its potential.
