Silicon Valley Funding News - Week of November 14, 2022. TRM Labs Raised $70M Series B

This past week is probably one of the darkest weeks of crypto and it's all about FTX. 

A few articles on FTX and what's happened so far:

• 😞 The fall of the FTX ‘King of Crypto’ Sam Bankman-Fried FTX grew to be the second largest in the world and a titan of the industry, seeing $10-$15 billion traded a day. Read more
• 🔥 FTX Files for Bankruptcy, CEO Sam Bankman-Fried Resigns Read more
• 🏢 List of 134 companies under FTX’s Bankruptcy filing Read more
• 💰 ‘10 cents on the dollar’: What happens if Sam Bankman-Fried’s FTX empire is forced into a fire sale of its investments - FTX umbrella of portfolio companies is spread across Alameda Research, with 184 investments; FTX Ventures, with 48 investments; and FTX, with 21 investments.  Read more
• 🇭🇰 Hong Kong to avoid FTX-like scenario through transparency and supervision. In October, the Hong Kong government issued a policy — Policy Declaration on the Development of Virtual Assets in Hong Kong — introducing a regulatory framework and risk-based regulatory direction. Read more

This week a total of 19 startups raised $459.2M in funding, 2 M&As:

• $115M goes to 8 Enterprise startups
• $43M goes to 2 FinTech startup2
• $70M goes to 1 Crypto/Web3 startup
• $32.5M goes to 2 InsurTech startups
• $58.2M goes to 3 Healthcare startups
• $41M goes to 1 BioTech startup
• $60M goes to 1 Transportation startup
• $40M goes to 1 Hardware startup