According to Messari, 2022 Q3 marked new lows in both overall funding amounts and deal counts that have not been seen since Q4 2020. The quarterly totals checked in at just under $2.1 billion across 297 total deals, down 36% in both categories from last quarter.
In terms of deals count, Binance Labs led the way, with 23 deals announced during Q3. That was more than double that of the next closest entity, which was Robert Leshner and Tarun Chitra’s Robot Ventures. Coinbase Ventures and the Base Ecosystem, which invests in projects building on the Base L2, were also in the top 5 most active investors, alongside Hashkey Capital.
In DeFi, ecosystems funds were among the most active, with Binance Labs again leading the way with the Base Ecosystem Fund and Polygon also at the top of the list. Similarly, Binance Labs was also the most active across the gaming sector.
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Fund Raising
