Crypto Research

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...

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...

Funding had one of its best weeks of the past couple of months, with funding increasing 81% from last week to $574M. This increase was almost entirely due to an outstanding week from infrastructure – which accounted for $482M of funding and consisted of 8 deals. The largest of these deals was a raise for Mysten Lab’s Sui Blockchain, which we delve deeper into in the Deal of the Week section. This...

Funding dropping slightly this week from $331M to $311M. The largest deal of the week was Limit Break, in a gaming deal that raised $200M and accounted for nearly two-thirds of all funding. We dive deep into Limit Break in our Deal of the Week segment below. After Metaverse/Gaming, Web3 was the next highest funded sector with three deals totaling $63M. This is the third week in a row in...

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...

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...

Venture funding was flat this week, increasing slightly from $229MM to $276MM. The Metaverse/Gaming and Infrastructure segments which were down last week recovered and received the most funding out of any sector, at $87MM and $67MM, respectively. Interestingly, CeFi, one of the most highly funded sectors in the first half of 2022, has seen the lowest funding of any category this past month and received no funding this week. This...

Venture funding fell to its lowest level all year at $212M, down over 50% from $503M last week. Total deals also nearly got cut in half, falling from 47 to 22. The largest drops in funding came in the infrastructure and Metaverse/Gaming segments, which were each particularly high last week. Surprisingly, NFT funding increased to its highest level in weeks at $81M. There were four NFT deals, the largest of...

Funding has remained relatively stable all month at around ~$450M per week. While funding is up from last week, the total deal count dropped from 36 to 32. Infrastructure deals have led for the second week in a row. There were four infrastructure deals, the largest of which was a $150M in Series A funding for Aptos, an Alternative Layer 1 blockchain that we discuss in more detail later in...

Funding fell this week, making it the lowest funded week of the month. Total deals dropped from 43 to 26, and the amount of funding decreased from $466M to $386M. Despite the decrease in funding, infrastructure had its highest deal flow all month at $131M, up from $30M last week. There were four infrastructure deals, the largest of which being Halborn, a blockchain security platform. Other infrastructure deals included Metabit, Zebedee, and Fedi. Defi...

Funding declined from $573M last week to $352M this week, and total deals declined from 41 to 25 (please note that there were additional deals that hadn't been announced that we have added to last week since our previous Funding Friday). Interestingly, Metaverse/Gaming funding was one of the highest funded sectors for the second week in a row. Six Metaverse/Gaming deals were done, including a $75.3M raise for Animoca Brand's...