Venture Funding Continues Sliding Lower
Following the decrease in liquidity in the public markets, venture funding continued to drop lower this week. Weekly funding made a new low of 2022 with total deals declining from 28 deals to 24 deals and total amount funded dropping from $410M to $284M. Similar to last week, CeFi funding remained relatively strong and was the most funded segment of the week at $84M. Interestingly, Metaverse and Gaming saw a large uptick this month with $74M in total funding. NFT and Infrastructure funding each saw slight increases from last week, with funding of $26M and $46M, respectively. Web3 saw a decrease from $73M to $53M and DeFi saw the sharpest decline from $88M to $3M. There were two notable funds raised this week. Foresight Ventures raised $200M in a secondary fund to invest in private round crypto assets and True Global Ventures raised $146M to invest in Web3 projects.
The ongoing trend of early stage dealmaking continued this week. Pre-Seed and Seed deals accounted for 20% and 50% of total deals, respectively. Series A deals were 20% of total deals and Series B deals were 10% of total deals.
Deal of The Week
Molecule, a platform where medical research projects can receive funding via decentralized autonomous organizations (DAOs), has raised $13 million in a seed fu...Unlock this article by joining our Community!
An FSI Pro, or FSI Crypto subscription is required in order to access this content.
*Free trial available only on a monthly plan
Already a member?
We accept crypto via BitPay for yearly subscriptions.
Choose one of our yearly plans to save nearly 15%Webinars
We host over 12 LIVE webinars per year with our research team and high-profile special guests. Incredible value and market insights!
WEEKLY
COMING SOON
Fireside Chats
Weekly interviews with our research heads about market opportunities and important updates.
WEEKDAYS
Tom Lee's First Word
The best market research out there -- on a near-daily basis.
ON MARKET EVENTS
Tom Lee's Intraday Word
These are released periodically after crucial market developments.
DAILY
Daily Technical Strategy
Daily commentary on market trends and short term opportunities.
WEEKLY
Wall Street Whispers
Exclusive insights based on discussions with institutional clients.
WEEKLY
Quantitative Strategy
Quantitative market research utilizing industry-leading analytical methods.
WEEKLY
US Policy
Weekly update on developments in Washington DC and how they may impact Wall Street.
WEEKLY
Weekly Roadmap
Weekly summary of market events and updates on our key theses.
EARNINGS SEASON
Earnings Daily
A multi-faceted update of earnings developments.
UPDATED BI-WEEKLY
Signal From Noise
Highlights timely market themes and sectors with corresponding stocks, cutting through the day-to-day market “noise” for a distinct perspective.
UPDATED MONTHLY
FSI Sector Allocation
A sector allocation strategy that is designed to outperform the S&P 500 while taking minimal risk.
UPDATED MONTHLY
Factor Strategy
List of ETFs based on quantitative models that should outperform the S&P 500 on a monthly basis.
UPDATED MONTHLY
Newton's Upticks
Technically derived, intermediate-term picks of attractive risk/reward opportunities from the S&P 500.
FSI Academy
Thematic investment stock picks that aim to outperform the S&P 500.
Community Questions
We gather your inquiries and answer them in the most scalable way. Hear directly from our research principals!
Community Interviews
Get questions answered directly by our research heads and guest speakers.
Get access to all the macro research on FS Insight
First Month Free!
Webinars
Ongoing webinars exploring crypto opportunities, in depth research, and exclusive research offerings from our team of analysts and leading cryptocurrency firms.
WEEKLY
Crypto Comments
Digestible videos expanding on important market events and metrics that are shaping cryptocurrency markets.
DAILY
Crypto Market Update
Stay on top of the crypto markets with macro commentary, technical analysis, and the most relevant news.
INTRA MONTH
Crypto First Word from Tom Lee
Hear directly from Tom Lee about important cryptocurrency developments.
WEEKLY
Crypto Technical Strategy
From Bitcoin, Ethereum and Solana to other coins, our Head of Technical Strategy highlights important price movement to help give you an edge.
WEEKLY
Crypto Strategy
A must-read summarizing our key thoughts about the crypto market, price action, and developing trends.
WEEKLY
Funding Fridays
Are you looking for investment opportunities in the crypto space? We explore early-stage crypto opportunities in this note about where the smart money is being invested!
WEEKLY
COMING SOON
Crypto Events
Never miss another conference, a high-impact software update, or an event that could be market-moving!
NTRA-MONTH
Deep Research Reports
Our consulting business delivers incredible deep research reports to highlight the economics and viability of exciting crypto projects.
WEEKLY
Crypto Strategy
Keep track of bitcoin sentiment to plan your digital assets strategy.
FSI Academy
Our main goal is to make you a better investor! This series will guide you through key financial concepts and topics in an understandable way.
Community Questions
We gather your inquiries and answer them in the most scalable way. Hear directly from our research principals!
Community Interviews
Get questions answered directly by our research heads and guest speakers.
Get access to all the Crypto research on FS Insight
First Month Free!
Webinars
We host over 12 LIVE webinars per year with our research team and high-profile special guests. Incredible value and market insights!
WEEKLY
COMING SOON
Fireside Chats
Weekly interviews with our research heads about market opportunities and important updates.
WEEKDAYS
Tom Lee's First Word
The best market research out there -- on a near-daily basis.
ON MARKET EVENTS
Tom Lee's Intraday Word
These are released periodically after crucial market developments.
DAILY
Daily Technical Strategy
Daily commentary on market trends and short term opportunities.
WEEKLY
Wall Street Whispers
Exclusive insights based on discussions with institutional clients.
WEEKLY
Quantitative Strategy
Quantitative market research utilizing industry-leading analytical methods.
WEEKLY
US Policy
Weekly update on developments in Washington DC and how they may impact Wall Street.
WEEKLY
Weekly Roadmap
Weekly summary of market events and updates on our key theses.
EARNINGS SEASON
Earnings Daily
A multi-faceted update of earnings developments.
UPDATED BI-WEEKLY
Signal From Noise
Highlights timely market themes and sectors with corresponding stocks, cutting through the day-to-day market “noise” for a distinct perspective.
UPDATED MONTHLY
FSI Sector Allocation
A sector allocation strategy that is designed to outperform the S&P 500 while taking minimal risk.
UPDATED MONTHLY
Factor Strategy
List of ETFs based on quantitative models that should outperform the S&P 500 on a monthly basis.
UPDATED MONTHLY
Newton's Upticks
Technically derived, intermediate-term picks of attractive risk/reward opportunities from the S&P 500.
FSI Academy
Thematic investment stock picks that aim to outperform the S&P 500.
Community Questions
We gather your inquiries and answer them in the most scalable way. Hear directly from our research principals!
Community Interviews
Get questions answered directly by our research heads and guest speakers.
Get access to all the macro research on FS Insight
First Month Free!
Webinars
Ongoing webinars exploring crypto opportunities, in depth research, and exclusive research offerings from our team of analysts and leading cryptocurrency firms.
WEEKLY
Crypto Comments
Digestible videos expanding on important market events and metrics that are shaping cryptocurrency markets.
DAILY
Crypto Market Update
Stay on top of the crypto markets with macro commentary, technical analysis, and the most relevant news.
INTRA MONTH
Crypto First Word from Tom Lee
Hear directly from Tom Lee about important cryptocurrency developments.
WEEKLY
Crypto Technical Strategy
From Bitcoin, Ethereum and Solana to other coins, our Head of Technical Strategy highlights important price movement to help give you an edge.
WEEKLY
Crypto Strategy
A must-read summarizing our key thoughts about the crypto market, price action, and developing trends.
WEEKLY
Funding Fridays
Are you looking for investment opportunities in the crypto space? We explore early-stage crypto opportunities in this note about where the smart money is being invested!
WEEKLY
COMING SOON
Crypto Events
Never miss another conference, a high-impact software update, or an event that could be market-moving!
NTRA-MONTH
Deep Research Reports
Our consulting business delivers incredible deep research reports to highlight the economics and viability of exciting crypto projects.
WEEKLY
Crypto Strategy
Keep track of bitcoin sentiment to plan your digital assets strategy.
FSI Academy
Our main goal is to make you a better investor! This series will guide you through key financial concepts and topics in an understandable way.
Community Questions
We gather your inquiries and answer them in the most scalable way. Hear directly from our research principals!
Community Interviews
Get questions answered directly by our research heads and guest speakers.
Get access to all the Crypto research on FS Insight
First Month Free!
Reports you may have missed
WEEKLY RECAP As expected, funding totals during the holidays were comparatively low. Both total funding and deal count fell by approximately 70%. There were 11 deals this week totaling $45 million in funding. All disclosed funding amounts fell into the Infrastructure and DeFi categories, while Web3 tallied two deals for undisclosed amounts. Infrastructure-led deal counts among categories (7), and there were no CeFi or Gaming deals to end the year....
WEEKLY RECAP Crypto funding saw a large jump week-over-week, increasing 83% from $231 million to $424 million, and total deal count rose by 21% from 28 to 34. The large funding total was helped by a $250 million token sale completed by Avalanche ahead of its Avalanche9000 upgrade. Infrastructure dominated amongst categories, totaling $354 million across 21 deals, making up 84% of funding and 62% of total deal count. The...
WEEKLY RECAP Crypto funding rose 60% week-over-week from $145 million to $232 million, while total deal count decreased 7% from 29 to 27. CeFi was the leading funding category, totaling $145 million across three deals and comprising 63% of all funding. The total was bolstered by Public’s $130 Series D round, representing only the second Series D round in 2024. Although CeFi has been a laggard category all year, three...
WEEKLY RECAP Despite liquid crypto prices rising, private market funding remains lackluster thus far in Q4. Aggregate funding fell 29% week-over-week, decreasing from $155 million to $109 million, while deal count fell by over 31% from 22 to 15. Infrastructure was the leading category from both a financing and deal count perspective and included our Deal of the Week, Noble. The largest deal was Monkey Tilt, which raised $30 million...
