Blockchain venture capital inflows sharply decreased in October from the previous month. According to Cointelegraph Research<\/a>, the number of individual deals dropped from 93 to 69 monthly.<\/p>\n The Cointelegraph Research Terminal VC database<\/a>, 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.<\/p>\n It\u2019s 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)<\/a> sector, Uniswap Labs \u2014 the team behind the largest decentralized exchange (DEX), Uniswap \u2014 secured<\/a> $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\u2019s total valuation to $1.66 billion.<\/p>\n Download and purchase this report on the Cointelegraph Research Terminal.<\/a><\/p>\n Blockchain development platform Tatum raised<\/a> $41.5 million from Evolution Equity Partners, Octopus Ventures, 3VC, Tensor Ventures, Depo Ventures, Leadblock Fund, Circle and the founders of Bitpanda.<\/p>\n 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\u2019s latest fundraising. The company has previously received backing from Alan Howard, Dawn Capital and Target Global. <\/p>\n The Web3 sector accounted for 42% of investor interest in October, with over $350 million flowing in. Investors are eyeing Web3 infrastructure companies. Chainsafe, a firm focused on protocol implementation and cryptographic technology, secured $18.75 million in a Series A led by Round13. <\/p>\n Mobile games publisher Homa Games raised<\/a> $100 million in a Series B funding round led by Quadrille Capital and Headline. Other participants included Northzone, Fabric Ventures, Bpifrance, Eurazeo and Singular participation. Homa has published mobile game titles such as Sky Roller, Aquarium Land and Z Defense.<\/p>\n Scaling startup Celestia was also on investors\u2019 radars, closing a $55 million deal<\/a> to continue the development of modular blockchain technology. The round was led by Bain Capital Crypto and Polychain Capital, with participation from Spartan Group, FTX Ventures and Jump Crypto.<\/p>\n For a full analysis of the blockchain VC sector in August, check out the monthly \u201cInvestor Insights\u201d report from Cointelegraph Research. The research team breaks down the past month\u2019s top market-moving events and the most critical data across the various sectors of the industry, including venture capital.<\/p>\n![](\"https:\/\/s3.cointelegraph.com\/uploads\/2022-11\/2c9682ce-c7eb-4e90-a604-ea6f59ee6ff1.png\")
<\/figure>\nBig raises despite difficult market conditions<\/h2>\n
Web3 continues to attract investor interest<\/h2>\n
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