Crypto startups raised $883 million in February, a 13% decrease year-over-year.

According to Mars Finance, crypto startups raised approximately $883 million in venture capital in February, a decrease of about 13% compared to the over $1 billion raised in the same period last year. Andrei Grachev, Managing Partner of DWF Labs, stated that investors are currently more focused on revenue, user scale, and the project's ability to survive in a bear market, leading to a more cautious investment strategy. He pointed out that in 2026, venture capital will focus on stablecoins and payment infrastructure, AI agents, and compliance and treasury management tools for institutions. Major funding rounds in February included: Flying Tulip raising $206 million through a token sale; digital goods platform Whop receiving a $200 million strategic investment from Tether; and US digital asset bank Anchorage Digital receiving a $100 million strategic equity investment from Tether.