Infrastructure Remains VC's Focus
Funding was down this week, dropping from $607M to $241M, as total deals fell from 26 to 18. While infrastructure remained the highest funded sector at $158M, it declined nearly 68% from last week's huge week. The only sector that saw an increase from last week was NFTs. This was due entirely to a $54M raise for Doodles, which puts the Web3/NFT company at a whopping $704M valuation. We discuss this deal more in our Selected Deals Section. The lowest funded sector this week was Metaverse/Gaming, which only had one deal (MetaFi), and received $3M in funding. Metaverse/Gaming had been especially strong the past few months but has taken the backseat recently as funds allocate more to infrastructure.
Four crypto funds were raised this week: North Island Ventures, Northzone, Two Sigma Ventures, and Valkyrie's Tron & Avalanche Trust. The largest of these raises was London-based Northzone, which raised $1.01 billion to invest in early-stage Web3 projects.
An interesting partnership this week, was investment giant KKR, teaming up with Avalanche to tokenize their Health Care Strategic Growth Fund II (HCSG II) on the Avalanche blockchain. KKR will tokenize this fund with the help of digital asset management company Securitize Cap...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...
