Crypto dealbook: October funding reaches $411.7 million, Nous Research among largest rounds

Crypto venture investment has reached 21 rounds and $411.7 million so far in October.

From Oct. 1 to Oct. 11, the market recorded 21 investment rounds with total disclosed funding of $411.7 million.

Crypto venture investment closed September at $680.5 million across 52 rounds and August at $1.59 billion across 62 rounds.

Oct. 5: AGM Group Holdings ($11 million/PIPE/investors undisclosed), Eden ($1.5 million/Pre Seed/Gaea Ventures and others), Xverse (undisclosed/Strategic/Draper Associates and others).

Oct. 6: Spiko ($90 million/Series B/New Enterprise Associates (NEA) and others), Navra ($19 million/Series A/Ribbit Capital and others), Anvil ($5 million/OTC Purchase/Founders Fund and others), Antseed ($2.4 million/Private Token Sale/Spark Capital and others), Imperial ($1.5 million/Seed/Foundation Capital), Routable (undisclosed/M&A/Anchorage Digital), OKX Token (undisclosed/Undisclosed/Circle and others).

Oct. 7: Nous Research ($90 million/Series B/Robot Ventures and others), Mecka ($60 million/Series B/Sequoia Capital and others), Noah ($16 million/Extended Seed/FJ Labs and others), Vest ($13 million/Seed/Portal Ventures).

Oct. 8: Meanwhile ($37.5 million/Undisclosed/Bain Capital Crypto and others), Catalyst ($30 million/Seed/Sequoia Capital and others), IMMIX ($3.5 million/Undisclosed/BTSE and others), Soda Labs ($3 million/Seed/NextBlock), Anyflo ($1 million/Undisclosed/Mysten Labs), FastNEAR (undisclosed/M&A/SVRN), Native (undisclosed/M&A/Anyflo), Loopscale (prev. Bridgesplit) (undisclosed/M&A/Orca), Polymath (undisclosed/M&A/TruGolf Holdings).

Oct. 10: Orbio.so ($1.2 million/Seed/investors undisclosed). Oct. 11: Data Network ($30 million/Strategic/Sui Foundation).

Over the latest 30-day period, the investment activity index fell 26.0% from the previous month, indicating a slower funding backdrop.

The period recorded 71 investment rounds, down 16.5% from the previous month. Total investment stood at about $1.1 billion, down 91.6%.

The average round size was in the $10 million to $20 million range, while M&A was the most active stage. Payments was the main area of investment focus during the period.

Over the past six months, API accounted for the largest investment share at 28.71%, followed by Artificial Intelligence (AI) at 20.30%, Payments at 19.31%, Data Service at 15.84% and Developer Tools at 15.84%.

The most active investors over the same period were Coinbase Ventures with 29 deals, YZi Labs (Prev. Binance Labs) with 29, Animoca Brands with 16, Andreessen Horowitz (a16z crypto) with 15, SBI Holdings with 11, Circle with 10 and Amber Group with 9.