Home CryptocurrencyBitcoin Blockchain venture capital funding fell to a 12-month low in August

Blockchain venture capital funding fell to a 12-month low in August

by SuperiorInvest

Data from Cointelegraph research reveals that in August 2022, the blockchain industry saw $1.36 billion of venture capital invested in the blockchain industry – a 12-month low and the fourth consecutive month-on-month decline in capital inflows. August inflows were down 31.3% from July’s $1.98 billion, and the 101 deals closed in August had an average capital investment of $14.3 million — down 10.1% from July. The data was drawn from the Cointelegraph research terminal Venture capital databasewhich contains comprehensive information on deals, mergers and acquisitions, investors, crypto companies and funds.

To access reports and databases, visit the Cointelegraph Research Terminal.

August 2022 saw the lowest capital inflows in the last 12 months. Source: Cointelegraph Research VC Database

August funding focused on Web3, NFT and infrastructure

The three most popular investment categories in August were Web3, infrastructure, and non-fungible tokens (NFTs), which drew more than $1.16 billion, or 85.4% of total capital. Some of the biggest deals include the following: Web3 game developer Limit Break raised $200 million. Barca Studios, a branch of Web3 FC Barcelona, raised $100 million from Chiliz, owner of Socios, a blockchain-based fan rewards platform. Ready Player Me, a platform that allows people to create metaverse avatars, has raised $56 million in a Series B funding round led by Andreessen Horowitz. Inworld AI, a developer platform for creating artificial intelligence-driven virtual characters, has raised $50 million in a Series A round led by Section 32 and Intel Capital.

Sectors of investment interest in August 2022. Source: Cointelegraph Research VC Database

CoinFund is on the rise despite market conditions

Venture capital firms also raised funds. Web3 and crypto-focused venture capital firm CoinFund have launched a new $300 million fund to support emerging startups, emphasizing its bullish belief that Web3 will “continue to advance through all market cycles.” Orange DAO has raised $80 million from the Algorand Foundation and Near and looks set to continue growing as an investment-focused decentralized autonomous organization that supports crypto startups. Meanwhile, Shima Capital launched a First $200 million capital fund to support emerging companies with digital assets.

For a full analysis of the blockchain VC sector in August, check out Cointelegraph Research’s monthly “Investor Insights” report. The research team breaks down the most important events that changed the market in the last month and the most critical data in different sectors of the industry, including venture capital.

Download and buy this report on the Cointelegraph Research Terminal.

This article draws data from Extensive Cointelegraph Research Terminals Venture capital database. This article is for informational purposes only. It does not constitute investment advice, investment analysis or an invitation to buy or sell financial instruments. In particular, it does not serve as a substitute for individual investment or other advice.

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