PitchBook: VC investment in crypto rose 2.5% QoQ in Q4 2023 to $1.9B, the first rise since Q1 2022; Q4 2023 saw 12 crypto exits, the lowest number since Q4 2020
Ryan Browne / CNBC :
PitchBook: VC investment in crypto rose 2.5% QoQ in Q4 2023 to $1.9B, the first rise since Q1 2022; Q4 2023 saw 12 crypto exits, the lowest number since Q4 2020
- PitchBook said in a fourth-quarter update that the level of investment for crypto-related companies in the fourth quarter totaled $1.9 billion …
PitchBook: Coinbase Ventures, Kraken Ventures, and Binance Labs significantly cut dealmaking since Q1 2022; Coinbase did 11 deals in Q3, down from 65 in Q1 2022
Hannah Miller / Bloomberg :
SoftBank reports ~$426M profit for Vision Fund in Q1, up from a ~$16.4B loss in Q1 2022 and ~$30B in FY2022; Vision Fund invested $1.6B in Q1; Arm lost ~$66.4M
Bloomberg :
JD.com reports Q1 revenue up 1.4% YoY to ~$35B, beating estimates, and ~$906M net profit, compared to a ~$431M net loss in Q1 2022; JD rises 7%+
Tiyashi Datta / Reuters :
Coupang reports Q1 revenue up 13% YoY to $5.8B, a $106.8M operating income, compared to a $205.7M loss in Q1 2022, and active customers up 5% YoY to 19M+
Sohee Kim / Bloomberg :
Roblox reports Q1 revenue up 22% YoY to $655.3M, bookings up 23% YoY to $773.8M, DAUs up 22% YoY to 66M, and a $268M loss, up from $160.2M in Q1 2022
- Roblox beat analyst expectations on the top line but reported a wider-than-expected loss per share of 44 cents.
Uber reports Q1 revenue up 29% YoY to $8.82B, gross bookings up 19% YoY to $31.4B, $761M in adjusted EBITDA, up from $593M in Q1 2022, and a $157M loss
Preetika Rana / Wall Street Journal :
Synergy: enterprise cloud spending grew 19% YoY to $63B in Q1 2023, vs. 32% growth in Q1 2022; Amazon took 32% market share, Microsoft 23%, and Google 10%
Ron Miller / TechCrunch :
VC funding for Web3 startups fell to $1.7B in Q1 2023, down 81% YoY from $9.1B in Q1 2022; the number of announced deals fell from 770 to 333
Editor's Note: For more Web3 coverage, please visit Crunchbase's Web3 Tracker, a site to look at startups, investors and funding news concerning …