Venture Funding Slides Lower
Jun 23, 2023
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Funding decreased this week to the lowest levels all month, declining from $142M to $96M. While funding decreased, the total number of deals remained the same at 22. Web3 & NFTs had the most funding this week, with six deals totaling $34M, including digital asset wallet Galaxy Finance, the largest deal of the week at $30M. Infrastructure had the second most funding at $31M. Each other sector lagged behind, with Mining and Metaverse & Gaming being the least funded, each receiving no funding.
While many deals this week didn’t disclose what round they were, the majority of deals wer...