Venture Funding Rebounds

Aug 26, 2022 • 4 Min Read

Venture funding had its highest funded week of the month, with funding nearly doubling from $167M to $321M. Web 3 led the way, accounting for over half of all funding at $170M. There were seven Web 3 deals, the largest of which was an $80M investment in Orange DAO, a Decentralized Autonomous Organization that is made up of over 1,000 Y Combinator alums and operates like a decentralized venture fund. The DAO's mission is to "support past, present, and aspiring Y Combinator founders who are building the future of the crypto ecosystem." Infrastructure and Metaverse/Gaming bounced ...

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