Infrastructure, DeFi and NFTs Score a Goal
Key Takeaways
- NFT platforms raised a combined $933 million, and infrastructure raised $155 million in new funding this week
- Deal of the Week: Sorare, a soccer-NFT platform closed a $680 million Series B funding round
- Active investors this week include Softbank, Coinbase Ventures, and Digital Currency Group
Venture Capital Deals
Blockdaemon, a New York-based startup that builds blockchain nodes and other tech, has raised $155 million at a valuation of $1.26 billion. The Series B funding was led by SoftBank's Vision Fund 2. New investors include Matrix Capital Management, Sapphire Ventures and Morgan Creek Digital. Existing investors consist of Boldstart Ventures, Goldman Sachs, Greenspring Associates, CoinFund, Kenetic, Kraken Ventures, Borderless Capital, and Lerer Hippeau. (Blockdaemon Raises $155 Million in Series B Funding).
Reports you may have missed
WEEKLY RECAP Crypto funding was relatively unchanged week-over-week, with a 4% decrease to $138 million, while deal count saw a larger decrease, falling 29% to 25 deals. Infrastructure deals comprised 73% of total funding and Web3 and Gaming combined for 26%, with remaining categories making up the last 1%. As highlighted in our Q1 Funding Report, Series A funding has been a standout deal stage this year, and this week...
WEEKLY RECAP Crypto funding rose 92% from $213 million to $410 million, one of the highest weekly totals in months. The majority of funding came from two deals: Monad’s $225 million round (DotW) and Auradine’s $80 million Series B round, the first mining deal of 2024. Auradine’s Teraflux family of Bitcoin ASIC miners has set new performance and energy efficiency benchmarks and has shown robust field performance, which has helped...
WEEKLY RECAP Funding fell 27% from $282 million last week to $206 million this week across 34 deals. Triple-digit funding seems to be the new normal, as there has been a notable uptick in the private market in recent weeks. Despite the overall increase in activity, there has been a lack of CeFi-related projects in recent weeks, with just one deal in each of the last two weeks. Agora was the singular...
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