Venture Funding Remains Robust Despite Macro Uncertainty

While liquid markets continued to chop this week, venture funding remained relatively robust with over 45 deals completed for a total of $574 million – a slight downtick from last week’s $600 million. Web3 projects raised $227 million, the most of any other category, with CeFi coming in second having raised $190 million. Metaverse/gaming projects were overlooked this week; however, Japanese game developer Akatsuki raised a $20 million fund that will be deployed over the coming months. Other fund launches include Binance Lab’s $500 million Web3 fund and Canonical Crypto’s $20 million i...