Decoupling VC From The Market
May 13, 2022
• 5
Min Read
This week, venture capital apparently didn’t read any of the crypto news, nearly doubling last week’s fundraising total when the market dropped 25% over the previous seven days. There was a solid distribution across sectors in a week that saw $1.1 billion raised across 43 projects, though Infrastructure took the top spot at $390 million. CeFi raised $249 million, with Web3 projects following closely behind at $227 million. Rounding out the bottom came Metaverse/Gaming at $104 million and NFTs at $76 million.
There were also four new funds that together raised $1.5 billion, the largest fund ...