Venture Funding Plummets
This week was a slow one in venture capital funding. Funding fell to the lowest levels we've seen all year at $111M, with only 13 deals completed. This is a 64% decrease from $306M in funding last week, and a 60% decrease in deals from 32 last week. CeFi and NFTs saw slight increases in funding from last week while each other sector declined. The largest drops were in the Infrastructure and Metaverse/Gaming segments, which were the highest funded last week. While recent funding has been slow, it's important to note that the first half of the year for 2022’s crypto funding has already exceeded total funding for 2021. According to Dovemetrics, crypto funding for the first half of 2022 was $1.79 billion, exceeding 2021's full year crypto funding of $1.65 billion. Also worth mentioning is that projects may be waiting until the end of the summer to announce or close recent deals.
Despite the lack of venture deals this week, crypto funds raised $525M. The crypto funds included Coinfund, Shima Capital, and Superlayer. The largest of the funds raised was Coinfund's Venture Fund I, which raised $300M to invest in early-stage crypto projects. Coinfund plans to invest $6-$10M across 30-40 companies. Also notable was venture capital firm Dragonfly acquiring Met...Reports you may have missed
WEEKLY RECAP Despite liquid crypto prices rising, private market funding remains lackluster thus far in Q4. Aggregate funding fell 29% week-over-week, decreasing from $155 million to $109 million, while deal count fell by over 31% from 22 to 15. Infrastructure was the leading category from both a financing and deal count perspective and included our Deal of the Week, Noble. The largest deal was Monkey Tilt, which raised $30 million...
WEEKLY RECAP Total funding has rebounded from last week’s abnormally low amount, increasing 251% from $44 million to $154 million. Infrastructure was the leading category, raising $99 million across 13 deals. This week’s largest deal fell into the Infrastructure bucket; 0G Labs, a former Deal of The Week, raised $40 million in a Seed round, bringing its total funding to $75 million. From a deal stage perspective, funding was concentrated...
WEEKLY RECAP Weekly funding sharply declined, falling 81% from $181 million to $35 million, with total deal count dropping 31% from 26 to 18. The decreases can potentially be attributed to projects foregoing announcements in light of a week filled with U.S. election headlines. 77% of funding fell into the Infrastructure bucket, totaling $27 million across seven deals. Similarly, funding was concentrated in Pre-Seed and Seed deal stages, collectively comprising...
WEEKLY RECAP Weekly funding increased 65% from $103 million to $170 million despite the deal count falling 15% from 26 to 22. Eight companies raised $10 million or more this week, in contrast to just 10 companies combined in the last two weeks. The bulk of funding was concentrated in the Infrastructure category, with projects raising $112 million across 12 deals. DeFi was the second most funded category, with $48...
