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Crypto Fundraising Brief October 2023

Key Insights

  • October saw just over 100 deals do roughly $500M in volume, down roughly -25% and -30% month over month
  • Early-stage deals continued to dominate deal flow, with Pre-Seed through Series A accounting for ~80% of overall deal flow.
  • Investors focused allocations on the Financial and Services subsectors, with each comprising ~25% of overall deals each.
  • Exchanges and Payments deals made up ~75% of deals in the Financial subsector, while Security Tooling and Market Analytics projects made up ~60% of deals in the Services subsector
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Kel likes asymmetric opportunities and good debates.

Mentioned Assets
Outline
  • Key Insights
  • Deal Trends
  • Top Deals
  • Deals by Stage
  • Sector Trends
  • Financial Subsector
  • Services Subsector
Author
Kel likes asymmetric opportunities and good debates.
Mentioned Assets