The number of pre-seed funding rounds for Bitcoin (BTC) startup companies has grown by 767% since 2021, according to a report from venture capital firm Trammell Venture Partners (TVP).
Bitcoin pre-seed transactions increased 50% year-over-year in 2024, with a 27.5% year-over-year increase in the number of startup companies funded.
Christopher Calicott, TVP’s managing director, attributed the increased deals to the robust security of the BTC network:
“Many entrepreneurs across crypto are revisiting the Bitcoin stack as the long-term place to build their companies. It makes perfect sense: The objectively most secure, reliable, and decentralized blockchain is the obvious platform of choice.”
However, the capital raised in Bitcoin pre-seed funding rounds declined by over 22% in 2024, with the median funding round size and the median startup valuation steadily declining from 2021 to 2023.
Median valuations for pre-seed Bitcoin startups fail to reclaim 2021 levels. Source: Trammell Venture Partners
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