While overall funding in Web3 was down last year from 2021, several top investors in the space such as Shima Capital, Animoca Brands and Y Combinator saw their numbers tick up in 2022, according to Crunchbase data.

In fact, about a dozen investors made 40 or more deals in the Web3 space last year — and for most that was an increase from 2021.

Those numbers are similar when also looking at firms that led or co-led the most rounds last year. Polychain led the way last year with 30 rounds led or co-led — per Crunchbase — just a slight drop from the 32 rounds the firm did in 2021. Others such Pantera Capital and Animoca Brands actually upped their numbers from 2021, both leading or co-leading more than 20 rounds.

(By Chris Metinko)