There is no doubt that 2021 was a record year for crypto M&A and fundraising from every single metric imaginable.
PwC recently published its annual Global Crypto M&A and Fundraising Report that provides the three major takeaways:
1. Global Venture Capital Increased from $1 to $55 billion
The total value of crypto M&A in 2021 exploded by going from around $1 billion to over $55 billion. The average deal size also increased 3x from US$52.7 million to US$179.7 million, driven by some mega US$1 billion and many SPAC deals.
2. The majority of deals in the Americas
While crypto M&A was gradually shifting to Asia, crypto M&A deal activity shifted back to the Americas in 2021, with 51% of deals occurring in the region. In terms of deal value, however, Europe, the Middle East, and Africa (EMEA) slightly edged it out.
3. Average fundraising up by 143%
Lots of new money poured into the ecosystem as well. The total value of crypto fundraising deals increased by 645% in 2021. The average fundraising amount also increased by 143%.
Unless there is going to be a huge geopolitical event, like a war in Europe.