TLDR:
- In January 2024, there were 176 investments totaling $754 million in Web3 companies.
- Infrastructure was the leading category with 46 deals raising $250 million, followed by DeFi-focused companies raising $171 million across 45 deals.
In January 2024, the Web3 sector saw a significant increase in funding, with 176 investments totaling $754 million in Web3 companies. This marked the highest number of deals in a month over the last four months, representing a 44% increase in funding. The largest deals in January were in the infrastructure sector, with 46 deals raising a combined $250 million, followed by DeFi-focused companies raising $171 million across 45 deals. Additionally, AI companies raised $24 million from 8 deals.
OKX Ventures led all VCs with 9 investments, while Big Brain Holdings completed 5 deals. In terms of portfolio companies, AltLayer, a decentralized protocol that facilitates the launch of native and restaked rollups, launched its $ALT token in January and has seen an 82% increase. The restaking narrative is expected to be a major focus in the coming year, with Eigenlayer’s anticipated airdrop coming soon. This year promises to bring more innovations and opportunities in the ever-evolving Web3 landscape.
