Venture Funding Hits Yearly Lows, but CeFi Remains Resilient

Venture funding slid lower this week, with the lowest weekly amount of money raised all year. There were 28 deals, raising a total of $410M. Despite general VC funding weakness, CeFi funding has been resilient and had made up roughly ~60% of funding for the week at $235M, an increase from last week's CeFi financing of $190M. DeFi came in second for the most funding and rose from $10M to $88M compared to last week. Other sectors such as Infrastructure, Web3, and NFTs all dropped in funding. Metaverse/Gaming has seen the most significant reduction so far in June, received no funding in the past...