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  "documentTitle": "2nd Global Crypto M&amp;A and Fundraising Report",
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  "notes": "The slide highlights the 'crypto winter' impact on fundraising despite Bitcoin price recovery in 2019.",
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      "text": "The crypto winter continued for part of 2019, with the number of equity fundraising deals for crypto related companies decreasing by 18% 2019 vs 2018 and the value of fundraising deals decreasing by 40% to US$2.24 billion.",
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      "text": "The rise in the price of Bitcoin in Q2 and Q3 2019, and the associated interest in “crypto assets” did not yet materialise by way of increased new capital into the industry.",
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      "text": "Note: 1)Deal values include only deals with available data\nSource: MergerMarket, Capital IQ, Crunchbase, Pitchbook, PwC Analysis",
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      "text": "Crypto Fundraising Global Landscape",
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