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Emerging Tech Indicator

Q3 2021

Emerging Tech Indicator

November 16, 2021

Emerging Tech Indicator
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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