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...Reports you may have missed
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