Just noticed the venture capital funding numbers for April and wow, the contrast is pretty stark. We're looking at $660M raised across 62 deals last month, which is basically a 75% collapse compared to where things were a year ago. That's honestly the lowest monthly total we've seen since the start of 2025.

What's wild is how quickly sentiment has shifted. Back in October 2025, venture capital deals were still hot—startups were pulling in nearly $3.85B across 120+ rounds. Fast forward to now and investors are clearly tightening their belts. March had $2.6B across 84 rounds, so the drop from March to April alone tells you something about the risk-off mood right now.

Looking at the data from CryptoRank, it seems like VCs are really reassessing their exposure. Even with Bitcoin and Ethereum seeing more volatility, the appetite for backing new projects has cooled significantly. The venture capital space is definitely in wait-and-see mode at the moment.