Crypto Research

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...

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...

Funding declined this week, dropping from $519M to $425M, but total deals remained at 28 each week. This week's most considerable increase in funding was in the Metaverse/Gaming sector, which increased 7x from $12M to $88M. There were six total gaming deals, the largest of which being a $41MM Series C funding round for Klang Games to develop SEED, an MMO (Massively Multiplayer Online Game) that allows users to participate...

After a surprisingly large amount of funding last week, total deals dropped from 32 last week to 28 this week, and total funding decreased from $1,506M to $519M. Most sectors have declined since last week, with CeFi having the sharpest decrease of $956M to $47M. NFTs decreased from $155M to $5M, and Metaverse/Gaming fell from $103M to $12M. Despite these sector declines, DeFi had its highest funded week in months...

DEAL OF THE WEEK FalconX, a digital asset platform for institutions, raised $150M in a Series D funding round at a valuation of $8.0B. The funding round was led by Singaporean wealth fund GIC as well as B Capital and included new and existing investors. New investors include private equity firm Thoma Bravo and Adams Street Capital, and existing investors include Tiger Global Management and Wellington Management. FalconX offers institutions...

Following the decrease in liquidity in the public markets, venture funding continued to drop lower this week. Weekly funding made a new low of 2022 with total deals declining from 28 deals to 24 deals and total amount funded dropping from $410M to $284M. Similar to last week, CeFi funding remained relatively strong and was the most funded segment of the week at $84M. Interestingly, Metaverse and Gaming saw a...

Venture funding slid lower this week, with the lowest weekly amount of money raised all year. There were 28 deals, raising a total of $410M. Despite general VC funding weakness, CeFi funding has been resilient and had made up roughly ~60% of funding for the week at $235M, an increase from last week's CeFi financing of $190M. DeFi came in second for the most funding and rose from $10M to...

While liquid markets continued to chop this week, venture funding remained relatively robust with over 45 deals completed for a total of $574 million – a slight downtick from last week’s $600 million. Web3 projects raised $227 million, the most of any other category, with CeFi coming in second having raised $190 million. Metaverse/gaming projects were overlooked this week; however, Japanese game developer Akatsuki raised a $20 million fund that...

In a week very similar to last, venture capital money was heavily focused on backing new funds as opposed to investing in projects. Projects raised a total of $600 million, with CeFi projects getting the biggest share of the pie at $197 million. Infrastructure and DeFi followed up at $122 million and $111 million, respectively. Web3 and Metaverse/Gaming both raised $73 million, and NFT projects came in last with just...

Venture Capital slowed down the money printer by 58% compared to last week, raising $462 million for this week. The number of projects funded (32) was still relatively elevated, but there weren’t any big-ticket deals that broke $100 million – there were four deals above $100 million last week. Similar to the week prior, Infrastructure startups led the raises with $165 million. Next in line was Web3 at $124 million....

This week, venture capital apparently didn’t read any of the crypto news, nearly doubling last week’s fundraising total when the market dropped 25% over the previous seven days. There was a solid distribution across sectors in a week that saw $1.1 billion raised across 43 projects, though Infrastructure took the top spot at $390 million. CeFi raised $249 million, with Web3 projects following closely behind at $227 million. Rounding out...