Crypto Funding Stays Flat

Venture funding was flat this week, increasing slightly from $229MM to $276MM. The Metaverse/Gaming and Infrastructure segments which were down last week recovered and received the most funding out of any sector, at $87MM and $67MM, respectively. Interestingly, CeFi, one of the most highly funded sectors in the first half of 2022, has seen the lowest funding of any category this past month and received no funding this week. This decline could be due to the major CeFi insolvencies we’ve seen this year, including Celsius, giving venture investors pause. The biggest deal of the week was a...