Crypto and SPAC investment funds experience substantial drop in 2022 fundraising

2021 and 2022 were years of crypto assets and special purpose acquisition company (SPAC), though 2022 was in not so positive way.

How were the fundraising activities in 2022 by crypto and SPAC focused investment funds?

The following are samples of crypto and SPAC focused funds fundraising activities.

DISCLAIMER: The samples do not present the whole picture of the fundraising in 2022 by crypto/SPAC focused funds, only by two specific funds.

Sample Cryptoasset Fund
A Toronto based Crypto asset focused fund experienced 99% drop in fundraising in 2022 from 2021.

Sample SPAC Fund
One Toronto fund, among many SPAC focused funds, fared slightly better, experienced 87% drop in fundraising in 2022 from 2021.