Exchanges· ★★★· bearish·

Crypto venture funding reaches $424 million across 34 deals in September

  • —September: 34 rounds worth $424 million versus 62 deals worth $1.59 billion in August
  • —Kaiko raised $57 million, USD.AI $40 million, Evernorth $30 million
  • —The 30-day investment activity index fell 14% to a "medium" level
  • —Leaders by number of deals over six months: Coinbase Ventures (30), YZi Labs (29), a16z Crypto (15)
Why it matters: The slowdown in venture funding signals a contraction in risk appetite across the crypto industry after peak months.
Source: TokenPost
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