Charting blockchain investments during the COVID-19 pandemic

Quick Take

• $1.47 billion has been raised across 265 blockchain deals during the coronavirus pandemic era
• An 868% increase in later-stage deals in May, coinciding with a 46% decline in early-stage, suggests that investors pulled back on early-stage deals with a preferred preference for more established later-stage firms instead
• The economic environment has been ripe for M&A activity, with M&A making up 18% of all investment deals in May