Infrastructure & Web3 Maintain VC Attention

September 30, 2022 in Crypto Funding Friday

Compared to last week, funding has decreased $159 million from $474 million to $315 million, representing a 33% weekly decrease. Infrastructure continues to be a highlight of fundraising, accounting for almost a third of the total amount raised this week. Web3 was also a strong category this week, raising $51 million across four deals. Space and Time is tied for …

Prices are Down but Funding is Up

in Crypto Funding Friday

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 …

Infrastructure Remains VC’s Focus

in Crypto Funding Friday

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 …

Infrastructure Carries Venture Funding

in Crypto Funding Friday

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 …

All Eyes on Gaming and Web3

in Crypto Funding Friday

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 …

Venture Funding Rebounds

in Crypto Funding Friday

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 …

Venture Funding Plummets

in Crypto Funding Friday

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 …

Crypto Funding Stays Flat

in Crypto Funding Friday

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 …

Venture Funding Drops But Crypto Hedge Funds Get Huge Inflows

in Crypto Funding Friday

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 …

Web 3 and Infrastructure Lead the Way

in Crypto Funding Friday

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 …