Government-Run Venture Capital

Mar 4, 2022 • 9 Min Read

Key Takeaways

  • Venture capital investors took a breather heading into March after investing around $4 billion in the previous three weeks. CeFi projects continue to get a substantial portion of investments, raising $123 million this week. A DeFi project received $70 million in funding, and NFT/Metaverse investments totaled $52 million. Infrastructure was an unusual laggard in the venture space, raising $35 million. Most of this week’s capital flowed into two new venture capital funds to the tune of almost $1.2 billion. Of note, one of the funds is being run by the South Korean government.
  • Active investors this week include Jump Crypto, Coinbase Ventures, and Pantera Capital.
  • Deal of the Week: Dialect raised a $4.1 million seed round to help bring personalized and actionable push notification infrastructure to Web3 applications that could continue retail crypto adoption.

Venture Capital Deals

VALR is a South African crypto exchange that saw over $7.5 billion in trading volume since 2019 with more than 250 thousand retail customers and 500 institutional. The company raised $50 million in a Series B that brought up its valuation to $240 million. The funding was led by Pantera Capital, with participation from Alameda Research and Coinbase Ventures, among others...

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