Lackluster Q4 Continues
Weekly Recap
Despite liquid crypto prices rising, private market funding remains lackluster thus far in Q4. Aggregate funding fell 29% week-over-week, decreasing from $155 million to $109 million, while deal count fell by over 31% from 22 to 15. Infrastructure was the leading category from both a financing and deal count perspective and included our Deal of the Week, Noble. The largest deal was Monkey Tilt, which raised $30 million in a Series A round, bringing their YTD funding total to $51 million. Apart from Monkey Tilt, there were two other Series A rounds totaling $21 million, making Series A rounds the most funded deal stage, representing 47% of the funding total. Pre-seed and Seed rounds made up the remainder of deals with disclosed deal stages, respectively tallying one and four deals.
Funding by Category
Funding by Stage
Deal of the Week
Noble, an RWA and stablecoin issuance platform, raised $15 million in a Series A round led by Paradigm, with participation from Polychain Capital, Foresight Ventures, Wintermute Ventures, and Informal Systems. The fresh funding brings Noble’s total financing to $18.3 million and will be used to accelerate the development of the Noble blo...Reports you may have missed
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WEEKLY RECAP Total funding has rebounded from last week’s abnormally low amount, increasing 251% from $44 million to $154 million. Infrastructure was the leading category, raising $99 million across 13 deals. This week’s largest deal fell into the Infrastructure bucket; 0G Labs, a former Deal of The Week, raised $40 million in a Seed round, bringing its total funding to $75 million. From a deal stage perspective, funding was concentrated...
