Q3 2021
Emerging Tech Indicator
November 16, 2021
Web3 & DeFi deals highlight shift in VC funding trends
The Emerging Tech Indicator provides a quarterly overview of startups receiving seed and early-stage investments from a limited subset of VC funds. In the third quarter of 2021, our analysts tracked 189 early-stage and seed deals that involved the top 15 VC firms—totaling $6 billion in capital investment.
The report takes a closer look at five emerging market segments in Q3, including Web3 & DeFi, enterprise SaaS and gaming, and offers unique perspectives on the products and technologies driving innovation and growth opportunities.
Table of Contents
| Introduction | 3 |
| Key takeaways | 3 |
| Deal activity | 4 |
| Areas of investment | 5 |
| ETI segment spotlights | 10 |
| Web3 & DeFi | 11 |
| Enterprise SaaS | 13 |
| Supply chain tech | 15 |
| Gaming | 17 |
| DevOps | 19 |
| Other notable activity | 21 |
| Venture activity summary | 23 |
| Emerging tech indicator investor ranking | 26 |