Prices are Down but Funding is Up

Funding increased from a slow week last week from $260M to $422M. As we’ve seen all month, crypto infrastructure remains the leading interest for VCs. Infrastructure accounted for nearly half of all funding at $208M and comprised 11 of the 24 deals this week. The largest of these infrastructure deals was Sardine, a platform that provides real-time fraud prevention services for web3 and fintech companies. Sardine raised $51.5M in a Series B round led by VC giant Andreesen Horowitz. Metaverse/Gaming also had a good week, with funding increasing from $8MM last week to $86MM this week, with...