Crypto & DeFi Marketplaces haven't crashed completely (for now).

News of “crypto market crash” has been non-stop the last few weeks as Bitcoin and Ethereum’s massive price drop since last November and companies like Celsius halting withdrawals. Investor insecurity plagues crypto exchange marketplaces, while a few investors are optimistic the market will adjust.

Over 70% of Crypto & DeFi marketplaces' enterprise value is focused on token exchanges (e.g. FTX, CoinBase, etc.). Total enterprise value for crypto & DeFi marketplaces have been relatively stable YoY by only dropping 2% and standing at $166B. Despite the bad news, not everyone is bearish for the sector. a16z raised $4.5B in a new fund and released an optimistic report titled, State of Crypto 2022, Additionally, Crypto & DeFi is the highest funded fintech market of Q1 2022. 

But there is no sugar-coating the state of the market. CoinBase laid-off 18% of its staff, followed by Crypto.com and others. Token market capitalizations have dropped dramatically and new investor interest has followed. Only 15% of the marketplaces in the segment are public, so we'll need to wait and see the major value corrections expected by the market. While investors are expecting the worst in the medium-term, long-term views are more optimistic, even if there is still quite some downturn to follow.

On Dealroom, we've put together over 600+ Cyrpto & DeFi marketplaces to keep up with. Head over to the app and discover the latest startups and scaleups navigating the latest market shakeup. 👇

In the News:

😰 Mortgage rates keep rising. As the US tries to slow down inflation, interests rates are hitting mortgages at their highest level since 2008. - Wall Street Journal

📧 Coinbase 1,100 employee layoff. The company has come under scrutiny as it reportedly laid off 18% of its staff by locking its employees out of their work emails. - Insider Inc.

🌍 Amazon reportedly set to expand to Africa. The company is apparently set to expand into South Africa and Nigeria by 2023. - Inside Inc.

🚨 Marketplaces under pressure to reduce theft. Robbery rounds in major retailers has put pressure on main marketplaces to help catch thieves using the platforms to sell stolen goods. - CNBC

🇨🇿 Rohlik, Prague-based the online supermarket marketplace, has raised a $231M Series D to push it through the market crunch and fuel potential growth. The round comes as startups in the sector, like Deliverro, are having difficulties. Rohlik’s revenue in 2021 was reportedly over $520M. 

🇮🇳 UpGrad, the Indian higher education course marketplace, has raised $220M at over a $2B valuation. The funding will be used to help the startup reach its $500M yearly revenue goal by March 2023. 

🇺🇸 Metropolis Technologies, the US-based car parking marketplace, has raised a $167M Series B to expand its team and services along other verticals in mobility. The company focuses on integrating a more fluid experience for its customers and has mounted 1.8M customers until now.

Other promising marketplace deals:

🇺🇸 HomeLight, the San Francisco-based real estate marketplace, has raised $60M to expand operations and expand runway. 

🇺🇸 Wahed, NY-based investment marketplace, has raised a $50M Series B to fuel growth. 

🇫🇷 Masteos, the French real estate investment marketplace, has raised $42M to expand its portfolio. 

Explore 74 funding rounds of the last week.

Notable exits:

🇮🇳 ControlZ, the renewed smartphone startup, has acquired Overcart, the marketplace for pre-owned, refurbished and unboxed merchandise. 

🇧🇸 🇨🇦 FTX has acquired Bitvo, a Canadian crypto exchange marketplace.

Explore 16 exits of the last week.

Tip of the week

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Click here and explore 50+ Space Tech marketplaces. 👈

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Christopher V. Dobereiner

Innovation Analyst
Dealroom

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