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Crpytosecurity funding skyrocketed to $1B so far in 2021 over 28 deals

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Crpytosecurity funding skyrocketed to $1B so far in 2021 over 28 deals


Crpytosecurity funding skyrocketed to $1B so far in 2021 over 28 deals. 

Over a third of that sum was raised by French security and infrastructure solutions provider Ledger, which pulled in $380M in June. 

 Another massive round came from Fireblocks, which describes itself as the Shopify of crypto. The company raised $310M D in July from Sequoia Capital, Stripes, and Spark Capital at a $2.2B valuation.

 That round came fast on the heels of the startup’s $133M C round in March. Investment in the cryptosecurity space was effectively nonexistent in recent years and totaled less than $100M in 2020.

 The need for greater security in the crypto space, despite its promise of decentralized monitoring, was shown by the theft of $600M from the Poly Network. 


A further impetus comes from the Financial Action Task Force, a 190-country-strong effort to look into compliance and reporting issues for cryptocurrencies. 

The main focus here is to make the financial instrument safe as demand from big banks and consumers rapidly grows. 

A little bit of perspective: 


 The general crypto space itself still outpaces the smaller crypto security segment by a factor of almost nine. 

 A record $8.7B was invested in crypto startups so far in 2021 over just 548 deals. The sum reversed a downward trend in total dollar flows, and, combined with a stagnating round count, indicates an increasing prevalence of massive rounds

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