Blockchain VC funding halves in October despite some strong raises

Blockchain VC funding halves in October despite some strong raises


Blockchain venture capital inflows sharply decreased in October from the previous month. According to Cointelegraph Research, the number of individual deals dropped from 93 to 69 monthly.

The Cointelegraph Research Terminal VC database, which compiles comprehensive details on deals, mergers and acquisition activity, investors, crypto companies, funds and more, shows venture capital inflows plummeted 48.6%, totaling $843.5 million in venture capital (VC) investment, down from $1.64 billion in September.

Big raises despite difficult market conditions

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It’s not all bad news. Signals that there is still active interest by VCs in the blockchain industry are flashing daily. In the decentralized finance (DeFi) sector, Uniswap Labs — the team behind the largest decentralized exchange (DEX), Uniswap — secured $165 million in a Series B round led by Polychain Capital, with

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