Trammell Venture Partners (TVP), based in Austin, Texas, has unveiled its second annual findings from its in-depth research into the burgeoning Bitcoin-native startup and venture capital ecosystem.
Despite a notable downturn in crypto venture market investments throughout 2023, TVP’s research highlights a remarkable surge in the Bitcoin startup sector, particularly at the Pre-Seed stage, with a striking 360% year-over-year rise in transaction count.
Contrary to the broader startup landscape experiencing a decline in exit activity to a 10-year low in 2023, Bitcoin-native startups showed resilience and growth, marking a 69.2% increase year-over-year. TVP’s data revealed that these early-stage Bitcoin startups collectively raised nearly $1 billion between 2021 and 2023, signifying a substantial interest and investment in this sector.
Christopher Calicott, TVP’s managing director and founding partner, commented on the findings, noting a strong desire among founders to build
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