Original Author: sixohfour

By analyzing all the data from the encryption financing data website Dove Metrics, it was compiled and compiled into this Crypto VC financing report for the first half of 2022.

A total of 543 rounds of financing will be raised in the first quarter of 2022, and 652 rounds will be raised in the second quarter, which means a total of 1,195 rounds in the first half of 2022, an increase of 50.79% compared to the first half of 2021.

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Investment areas

The areas that received the most attention from VCs were Web3 and NFT, accounting for 50.46% of all funding rounds. Of this, $9.6 billion was raised in infrastructure, the most of any category.

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VC Top5

a16z becomes the top VC with the most investment in the first half of 2022, totaling $4.5 billion. They made a total of 44 investments, covering areas such as DeFi, Web3, NFT, and infrastructure, but no CeFi companies. Notable investments include Phantom, Yuga Labs, NEAR Protocol and Lido.

Sequoia Capital and FTX Ventures tied for second with $2 billion each. Sequoia made 29 investments, including StepN, Polygon, and Magic Eden. FTX has made 28 investments, including Mina Protocol, Yuga Labs, LayerZero, and BlockFi.

Haun Ventures has invested a total of $1.5 billion in 7 investments, focusing on NFT developers in the gaming space, including companies such as Zora and Derby Stars.

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Financing round Top5

Game studio/game store Epic Games, which is open to NFTs, raised $2 billion on April 11, making it the largest funding round in the first half of the year, with investors including Sony and KIRKBI. With this round of financing, Epic Games will vigorously advance the exploration of the virtual world of the Metaverse.

Citadel Securities, the world's leading quantitative trading firm and market maker, raised $1.15 billion on January 11. Investors include Sequoia Capital and Paradigm.

Terra-focused organization Luna Foundation Guard raised $1 billion in February, with investors including Three Arrows Capital, Jump Capital, GSR and DeFiance Capital.

Cross River, a fintech company offering embedded payments, lending and crypto payment solutions, raised $620 million. Notable investors include a16z, Whale Rock and Hanaco Ventures.

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DeFi field

Financing in the DeFi field has seen a significant increase from the first half of 2021. In the first half of 2022, a total of 230 rounds of financing were conducted in this field, raising a total of 2.4 billion US dollars. It is worth mentioning that although the DeFi field raised the least funds, the financing rounds accounted for 19.24% of all Crypto financing rounds.

DeFi financing Top5:

- Lithosphere is a decentralized cross-chain network of different blockchains where dApps and decentralized services can interoperate. $400 million was raised, making it the top funding round in the DeFi space. Its investor is Gem Capital.

- Unizen is an intelligent trading ecosystem. Capricorn is a multi-asset backed protocol with a collateral-based token, CUSD. Both raised $200 million. Unizen's investor is GEM Capital; Capricorn has received investment from MQ technology.

- Rain, a Middle Eastern crypto asset trading platform, raised $110 million from VCs such as Paradigm and Coinbase Ventures.

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Web3 and NFT field

The huge potential shown in the Web3 and NFT space has "convinced" VCs to deploy a lot of money. In the first half of 2022, the Web3 & NFTs field raised a total of US$9.5 billion through 603 transactions.

Web3 & NFTs financing Top5:

- As mentioned above, Epic Games is not only the top financing round in the Web3 & NFTs space, but also the top financing round in the entire first half of 2022.

- has <Bored Ape> and<Cypherpunk> NFT developer Yuga Labs raised $450 million, making it the second largest funding round in the Web3 & NFTs space. Notable investors include FTX, a16z, and The Sandbox.

- Animoca Brands is a game development company focusing on blockchain and Web3 in recent years. Its blockchain game products include metaverse The Sandbox, racing game REVV, decentralized game platform Arc 8, etc. Funding of $358,888,888 was raised through VCs such as Gemini.

- OpenSea, the largest NFT marketplace on Ethereum, raised $300 million in funding through Paradigm and Coatue Management.

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infrastructure field

Financing in the infrastructure sector is very active. A total of $9.6 billion in funding was raised across 198 deals, making it the largest funding segment in all of Crypto.

Top 5 infrastructure financing:

- Luna Foundation Guard and Cross River were the top two funding rounds in the infrastructure space.

- Ethereum L2 Polygon raised $450M from VCs including Sequoia, SoftBank and Galaxy Digital.

- Consensys, a blockchain company backing projects in the Ethereum ecosystem, raised $450 million in funding from VCs including SoftBank, Microsoft, and ParaFi.

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CeFi field

In the first half of 2022, CeFi raised $8.5 billion in funding from 164 transactions. The new funding comes mostly from institutions raising debt to avoid liquidation, such as BlockFi raising $250 million from FTX, or Voyager raising $200 million from Alameda.

CeFi financing Top5:

- As mentioned above, both Citadel Securities and Robinhood have received significant funding.

- Fireblocks, a digital asset custody company, raised $550 million from VCs including Sequoia Capital, Spark Capital, and others.

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M & A transactions

M&A deals are relatively evenly distributed over the six-month period in H1 2022. Web3 and GameFi companies are prominent bright spots in these mergers and acquisitions.

In order to further enhance its reputation in the Web3 field, Animoca Brands became the largest acquisition company in the first half of 2022, completing 6 M&A transactions in the Web3 and NFT fields.

FTX is the second largest acquiring company in the first half of 2022 with 4 M&A transactions. FTX has a strong focus on stock trading and liquidity companies, and hopes to expand its offering of financial services to more clients, especially in the United States. Additionally, FTX acquired Good Luck Games, the game company behind Storybook Brawl, the game that made FTX founder SBF obsessed.

According to the "Notice on Further Preventing and Dealing with the Risk of Hype in Virtual Currency Transactions" issued by the central bank and other departments, the content of this article is only for information sharing, and does not promote or endorse any operation and investment behavior. Participate in any illegal financial practice.

risk warning:

According to the "Notice on Further Preventing and Dealing with the Risk of Hype in Virtual Currency Transactions" issued by the central bank and other departments, the content of this article is only for information sharing, and does not promote or endorse any operation and investment behavior. Participate in any illegal financial practice.