RootData: VC-supported mortality rate exceeds 20.8%, with the highest reaching 61%.
Reprinted from chaincatcher
06/05/2025·15DAuthor: RootData
The VC-based project has fallen into the bottom of the crypto market in the past one or two years, which has attracted a lot of attention and discussion. Yesterday, several media quoted Bitcoin.com as saying that nearly 45% of VC-backed crypto projects have been stopped, which is a pretty eye-catching number, but how accurate is it? What data support is there? This has caused a lot of doubts. As the platform with the richest investment and financing data in the crypto market, RootData has also deduced and analyzed the data.
As one of the main data features of the platform, RootData will mark the prominent position of the project page that has ceased operations as "stopped operations". This is mainly determined by the official announcement of the project and the status of the official website/twitter. For example, social media such as official promotions have not been updated for more than 6 months, and the official promotions and official websites cannot be opened, etc. We will mark the suspension of operations. From a proportional perspective, only no more than 20% of projects will officially announce that their company will no longer operate or the products will no longer be maintained. Most projects are judged based on their social media status.
Since most new projects require a certain amount of time to observe the status of the period, in order to ensure the representativeness and reliability of the data samples, RootData only conducts statistics on projects established before 2024. The status of these projects after long-term operation can better represent the investment performance of VCs.
According to RootData statistics, there are 4,521 projects that disclosed financing round information before January 2024, of which 940 have been marked as cessation of operation, that is, the mortality rate has reached 20.8%.
However, it is worth noting that in addition to projects marked as cessation of operations, there are also a considerable number of projects that are still updated from time to time on social media, but have only forwarded industry trends for a long time without substantial product progress. FDV has also been below US$1 million for a long time, and such projects also account for at least 10%.
Below, RootData conducts specific statistics on the mortality rate of well-known VC investment projects.
Mortality performance of well-known VC investment projects
According to the cumulative investment number ranking, this chart shows the mortality rate performance of 30 well-known VCs, among which GBV Capital, Spark Digital Capital, HTX Ventures, and LD Capital are all above 30%, while only YZi Labs are below 10%.
The 30 VCs with the lowest mortality rate in investment projects
According to statistics, the five VCs with the lowest mortality rate for investment projects are Placeholder, KR1, Lightspeed Venture, ParaFi Capital, Gnosis VC, YZi Labs, Wintermute, ConsenSys Mesh, Tiger Global, and CoinFund, with the mortality rate not higher than 11%.
The 30 VCs with the highest mortality rate in investment projects
According to statistics, the 10 VCs with the highest mortality rate for investment projects are Dutch Crypto Investors, OIG Capital, Basics Capital, LK Venture, GBV Capital, Momentum 6, EVG, X21 Digital, Magnus capital, and Kyros Ventures, with the mortality rate being higher than 38%.
In addition, RootData has also produced a special project collection for projects that die every year. Here are the specific links:
" 2025 List of Death Projects in Crypto Industry "
" 2024 Crypto Industry Death Project List "
" 2023 Crypto Industry Death Project List "
jinse