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HomeInvestmentGermany's blockchain funding increases 3% amid market downturn: Report By Cointelegraph

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



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).

According to a recent CVVC 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