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 blockchain and build a vibrant ecosystem...