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 As expected, funding totals during the holidays were comparatively low. Both total funding and deal count fell by approximately 70%. There were 11 deals this week totaling $45 million in funding. All disclosed funding amounts fell into the Infrastructure and DeFi categories, while Web3 tallied two deals for undisclosed amounts. Infrastructure-led deal counts among categories (7), and there were no CeFi or Gaming deals to end the year....
WEEKLY RECAP Crypto funding saw a large jump week-over-week, increasing 83% from $231 million to $424 million, and total deal count rose by 21% from 28 to 34. The large funding total was helped by a $250 million token sale completed by Avalanche ahead of its Avalanche9000 upgrade. Infrastructure dominated amongst categories, totaling $354 million across 21 deals, making up 84% of funding and 62% of total deal count. The...
WEEKLY RECAP Crypto funding rose 60% week-over-week from $145 million to $232 million, while total deal count decreased 7% from 29 to 27. CeFi was the leading funding category, totaling $145 million across three deals and comprising 63% of all funding. The total was bolstered by Public’s $130 Series D round, representing only the second Series D round in 2024. Although CeFi has been a laggard category all year, three...
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...
