Crypto Remains Largest Investment Sector in 2022, Outpacing Fintech And Biotech
Funding for crypto developer teams in Mysten Labs and Aptos Labs have lead DeFi and Web 3 deal-making in Q3 this year.
Web3 and DeFi are still leading funding activity in the venture capital space, even as deals slow down, according to a new report.
Investment in emerging technologies fell for the third consecutive quarter in the three months to September 2022, the latest Emerging Tech Indicator report from Pitchbook found, with deal values reaching $4.7 billion, down 32% on the spring’s $6.9 billion.
Despite the decline in deal-making and a troubled year for crypto, Web3 and DeFi projects were still the largest areas for investment in emerging tech, beating out fintech and biotech.
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