‘Every Company Will Be a Crypto Company’; A Venture Funding Outlook for 2022

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 15 January 2022

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo, Abra and FTX US. In today’s “Weekly Recap,” NLW looks at a slew of funding rounds announced this week, including: Near Protocol, $150 million ZeroHash, $105 million Checkout.com, $1 billion SEBA, $119 million DeFi Alliance (now Alliance DAO), $50 million FTX Ventures, $2 billion Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW - Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io. - Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Overearth/iStock/Getty Images Plus, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:08.9	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:14.9	The breakdown is sponsored by nexo.io, Abra, and FtX, and produced and distributed by CoinDesk.
0:22.7	What's going on, guys? It is Saturday, January 15th, and that means it's time for the weekly
0:28.7	recap. Now, every week I always tell you, the weekly recap is one of two things. Either it is a
0:34.4	topic that I didn't have a chance to get to in the week, or it's a true recap
0:37.7	of a bunch of different news. Interestingly enough, this week is sort of both. I'm going to be
0:42.2	looking at a bunch of different venture fundraising news from the crypto industry for 2022,
0:48.4	but we'll also tie it together with sort of a big picture theme. Before that, however, if you
0:53.1	are enjoying the breakdown, please go subscribe
0:55.5	it, rate it, give it a review, and if you want to get into the conversation on a deeper level,
1:00.5	join the Breakers Discord. It's at bit.ly slash breakdown pod or there's a link in the bio.
1:08.4	Lastly, a disclosure as always, in addition to them being a sponsor, I also
1:11.9	work with FTX. Today, we are talking about funding. There were a ton of monster financing this
1:19.4	week, more than $1.5 billion going into startups and another $2 billion going into venture
1:25.2	funds, and I want to go through and share some of those details, as well as give a little bit of context first. Venture funding into the crypto sector in
1:33.6	2021 absolutely exploded. In 2020, there were about $3.1 billion invested into crypto and
1:41.1	Web 3 startups. In 2021, that number jumped to 29.1 billion, more than 800%
1:47.7	growth. Dove Metrics just put out a great report on venture capital in 2021 in the crypto sector,
1:54.9	and this is what they gave as a summary. 2021 was a year of extremes. Every metric around fundraising grew dramatically, round
2:02.8	sizes increased more than 50% between the first half of the year and the second half of the
2:07.2	year. 2022 is likely to be more of the same. Dedicated crypto funds hold in nearly $20 billion
	...

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