Blockchain VC Funding Halves in October Despite Big Increases
Venture funding continues to decline, but Uniswap bucks the trend by raising $165 million in a Series B round.
To research
Blockchain venture capital inflows fell sharply in October compared to the previous month. According to Cointelegraph Research, the number of individual transactions fell from 93 to 69 per month.
The Cointelegraph Research Terminal VC database, which compiles comprehensive details on deals, M&As, investors, crypto companies, funds and more, shows venture capital inflows have plummeted by 48.6%, totaling $843.5 million in venture capital (VC) investments, compared to $1.64 billion in September.
It's not all bad news. Signals that venture capitalists are still actively interested in the blockchain industry are flashing daily. In the decentralized finance (DeFi) space, Uniswap Labs – the team behind the largest decentralized exchange (DEX), Uniswap – raised $165 million in a Series B round led by Polychain Capital, with the participation of investors such as Andreessen Horowitz, Paradigm, SV Ange and Variante. The Series B funding round for the DeFi protocol brings Uniswap's total valuation to $1.66 billion.
Download and purchase this report from the Cointelegraph Research Terminal.
Blockchain development platform Tatum has raised $41.5M from Evolution Equity Partners, Octopus Ventures, 3VC, Tensor Ventures, Depo Ventu...
Venture funding continues to decline, but Uniswap bucks the trend by raising $165 million in a Series B round.
To research
Blockchain venture capital inflows fell sharply in October compared to the previous month. According to Cointelegraph Research, the number of individual transactions fell from 93 to 69 per month.
The Cointelegraph Research Terminal VC database, which compiles comprehensive details on deals, M&As, investors, crypto companies, funds and more, shows venture capital inflows have plummeted by 48.6%, totaling $843.5 million in venture capital (VC) investments, compared to $1.64 billion in September.
It's not all bad news. Signals that venture capitalists are still actively interested in the blockchain industry are flashing daily. In the decentralized finance (DeFi) space, Uniswap Labs – the team behind the largest decentralized exchange (DEX), Uniswap – raised $165 million in a Series B round led by Polychain Capital, with the participation of investors such as Andreessen Horowitz, Paradigm, SV Ange and Variante. The Series B funding round for the DeFi protocol brings Uniswap's total valuation to $1.66 billion.
Download and purchase this report from the Cointelegraph Research Terminal.
Blockchain development platform Tatum has raised $41.5M from Evolution Equity Partners, Octopus Ventures, 3VC, Tensor Ventures, Depo Ventu...
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