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
WEEKLY RECAP Weekly funding fell by 34% from $126 million to $83 million, while deal count rose approximately 22% from 18 to 22. Infrastructure was the leading category, totaling $51 million across nine deals and comprising 61% of total funding. CeFi logged its second consecutive week of two deals, including Caliza’s $8.5 million investment round supporting its mission to provide cross-border remittances leveraging stablecoins. Web3 and Gaming deal flow has...
WEEKLY RECAP In the final week of Q2, crypto funding bounced back, rising 64% from $78 million to $128 million, while deal count rose modestly from 18 to 20. The funding total was dominated by Infrastructure, which comprised 88% of the total and also made up 55% of the total deal count. CeFi broke its streak of two weeks with no deal flow with a singular Series A round completed...
WEEKLY RECAP Private funding was suppressed as we enter the summer season, with total funding dropping 43% week-over-week to $66 million and deal count decreasing 52% to 15 deals. Infrastructure still took the top spot from a funding perspective, totaling $31 million across three deals, including Sonic, our Deal of the Week. DeFi tallied the most deals (6) and had the second most funding across categories ($24m). CeFi had its...
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