Metaverse and Cybersecurity Lead the Way
Key Takeaways
- New Venture Capital funds raised an aggregate $1.9 billion this week with a metaverse and decentralized finance (DeFi) focus. Metaverse projects raised $213 million in capital, while cybersecurity firm Certik raised $80 million and Coinbase acquired cybersecurity firm Unbound for an undisclosed amount.
- Active investors this week include Alameda Research, Solana Ventures, Softbank and Coatue.
- Deal of the Week: 1inch Network raises $175 million in a strategic Series B funding round led by Amber group with participation from Jane Street VanEck, Alameda Research, Celsius, Nexo and other investors participating.
Venture Capital Deals
MetaVisa is a Layer 3 middleware protocol. The protocol is helping consumers establish and develop on-chain identity along with credit records to facilitate decentralized finance (DeFi), play-to-earn (P2E), non-fungible tokens (NFTs), and other decentralized applications (dApps) usage. Metavisa has raised $5 million in private and seed rounds from Spark Digital Capital, Sora Ventures, and Maven Capital, among other investors. Having on-chain credit history and identity will facilitate digital asset activities across sectors, and users will be rewarded based on their credit score. (MetaVisa announced $5 million of fundra...Reports you may have missed
WEEKLY RECAP Weekly totals in fundraising and deal count showed slight decreases week over week. Total funding fell 7% from $199 million to $185 million, and deal count dropped 11% from 27 to 24. Infrastructure has dominated the month of August, making up 65% of the month’s funding and comprising 70% of this week’s total. Gaming and DeFi made up the majority of the remaining funding, representing 14% and 11%...
WEEKLY RECAP Weekly funding showed a slight decrease, falling from $211 million to $199 million, while the total deal count increased 37% from 19 deals to 26. Infrastructure was the leading category, totaling $156 million in funding across 12 deals and making up over three-quarters of the total amount. DeFi was the second leading category, with $26 million in funding, including SatLayer, a Bitcoin restaking solution similar to EigenLayer. This...
WEEKLY RECAP Weekly funding saw a notable increase from $82 million to $202 million, a 147% increase, while this week’s deal count was roughly in-line with the previous two weeks, notching 17 deals compared to 18. Infrastructure was the leading category in terms of fundraising, making up approximately two-thirds of the total with $137 million. CeFi was the next most funded category at $40 million, with the two companies receiving...
WEEKLY RECAP Weekly funding fell 19% to $82 million, while the deal count was steady week-over-week at eighteen deals. Two categories were absent of funding this week, with CeFi and Web3 not tallying any deal flow. Of the three categories notching deals, Infrastructure made up 51% of funding and 50% of deal count. Gaming posted a strong week with four deals totaling $23 million in funding. From a deal stage...
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