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.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 participation from investors such as Andreessen Horowitz, Paradigm, SV Angel and Variant.
The series B funding round for the DeFi protocol brings Uniswap’s total valuation to $1.66 billion.Download and purchase this report on the Cointelegraph Research Terminal.Blockchain development platform Tatum raised $41.5 million from Evolution Equity Partners, Octopus Ventures, 3VC, Tensor Ventures, Depo Ventures, Leadblock Fund, Circle and the founders of Bitpanda.Meanwhile, crypto custodian Copper raised $196 million in its ongoing Series C round.
The overall funding target for Copper has not been publicly determined. Barclays Ventures and Tiger Global Management led Copper’s latest fundraising.Read more on cointelegraph.com