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


Data from TBEN Research shows that the blockchain industry saw $1.36 billion in venture capital invested in the blockchain industry in August 2022 – a 12-month low and the fourth consecutive month-on-month decline in capital inflows. August inflows represent a 31.3% decline from July’s $1.98 billion, and the 101 deals closed in August had an average capital investment of $14.3 million — down 10.9%. 1% compared to July. The data comes from TBEN Research Terminal’s Venture Capital Database, which contains comprehensive information on deals, mergers and acquisitions, investors, crypto firms and funds.

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August 2022 was the lowest capital inflow in 12 months. Source: TBEN Research VC Database

August funding focused on Web3, NFTs and infrastructure

August’s three most popular asset classes were Web3, infrastructure and non-replaceable tokens (NFTs), which attracted more than $1.16 billion or 85.4% of total capital. Some of the biggest deals include the following: Web3 game developer Limit Break has raised $200 million. Barca Studios, the Web3 arm of FC Barcelona, ​​has raised $100 million from Chiliz, the owner of blockchain-based fan rewards platform Socios. 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 AI-powered virtual characters, has raised $50 million in a Series A round led by Section 32 and Intel Capital.

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Sectors of Investment Interest in August 2022. Source: TBEN Research VC Database

CoinFund Is Bullish Despite Market Conditions

Venture capital companies have also raised money. Web3 and crypto-focused venture capital firm CoinFund launched a new $300 million fund to support early-stage startups, emphasizing its optimistic belief that Web3 will “continue to progress through all market cycles.” Orange DAO has raised $80 million from the Algorand Foundation and Near and it looks like it will continue to grow as an investment-focused, decentralized autonomous organization supporting crypto startups. Meanwhile, Shima Capital launched a $200 million debut equity fund to support emerging companies with digital assets.

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For a full analysis of the blockchain VC sector in August, check out TBEN Research’s monthly “Investor Insights” report. The research team analyzes the key market moves over the past month and the most critical data across the industry’s various sectors, including venture capital.

Download and purchase this report at the TBEN Research Terminal.

This article extracts data from the TBEN Research Terminals’ comprehensive venture capital database. This article is for informational purposes only. It does not represent investment advice, investment analysis or an invitation to buy or sell financial instruments. In particular, it is not a substitute for individual investment or other advice.