Galaxy Research reports $5.7B crypto VC funding rebound in Q2 2026

Crypto venture capital roared back in the second quarter of 2026, with investors deploying $5.683 billion across 384 deals. That’s a 31% jump in capital from Q1, according to Galaxy Research’s quarterly report published on September 16. The deal count ticked up 10% quarter-over-quarter too. Big checks for big companies Late-stage financing accounted for roughly 77% of all capital deployed during the quarter. Early-stage deals captured about 15%, with seed and pre-seed rounds scraping together just 7% of the total. One category dominated above all others. Trading, exchange, investing, and lending businesses collectively attracted approximately $3.523 billion. That figure is remarkable not just for its size but for its concentration: it came from only 51 deals. Quick math puts the average deal size in that category north of $69 million. New fund formation tells a different story Only five new crypto-focused venture funds raised money during Q2 2026, pulling in approximately $3.9 billion combined. Galaxy Research flagged this as the lowest volume of new fund formation since Q4 2019. For context, Q4 2019 was a period when Bitcoin was trading around $7,000 and most institutional investo...