Coinbase Ventures was the most active crypto venture investor in the first half of 2026, completing 30 investments despite a weak market, according to data cited by Cointelegraph and carried by Odaily. Animoca Brands followed with 19 deals, while Andreessen Horowitz, or a16z, completed 18 and Tether participated in 15.
Over the past 12 months, Coinbase Ventures also stayed ahead of the field with 75 investments. Animoca Brands recorded 40, YZi Labs 39, GSR 31, and a16z 30. The report said the crypto industry has closed 12 funding rounds so far in July, raising about $456 million in total.
Coinbase Ventures’ recent focus has centered on payments protocols, decentralized finance, and infrastructure. In the past six months, it took part in seven payments funding rounds, four DeFi rounds, and three rounds tied to infrastructure and real-world asset, or RWA, tokenization. By sector, DeFi drew the most capital attention over the last year with 216 rounds, followed by payments with 131, crypto-AI projects with 128, and infrastructure with 110. At the same time, the number of independent investment firms fell to 242 in June from 452 in October 2025, pointing to a more concentrated capital environment during the bear market.
Coinbase Ventures was the most active crypto venture investor in the first half of 2026, completing 30 investments even as the broader crypto market remained weak, according to data cited by Cointelegraph and relayed by Odaily.
Animoca Brands ranked next with 19 investments. Andreessen Horowitz, or a16z, completed 18, while stablecoin issuer Tether participated in 15 deals.
12-month activity kept Coinbase Ventures in front
Looking at the last 12 months, Coinbase Ventures completed 75 investments, keeping its lead across the sector. Animoca Brands logged 40 deals, followed by YZi Labs with 39, GSR with 31, and a16z with 30.
July funding totals and sector focus
So far in July, the crypto industry has recorded 12 funding rounds worth about $456 million in total.
Over the past six months, Coinbase Ventures focused mainly on payments protocols, decentralized finance, and infrastructure. The firm joined seven funding rounds for payments projects, four DeFi rounds, and three rounds tied to infrastructure and real-world asset, or RWA, tokenization.
DeFi, payments, and AI drew the most capital
By sector, DeFi attracted the strongest funding interest over the past year, followed by payments and AI.
- DeFi projects closed 216 funding rounds
- Payments projects completed 131 rounds
- Crypto-AI projects recorded 128 rounds
- Infrastructure projects secured 110 rounds
Number of independent investors declined
The data also showed that while top firms remained active, the number of market participants has been shrinking. The number of independent investment firms fell to 242 in June, down from 452 in October 2025. That points to a more concentrated capital base during the bear market.
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