Funding Reaches its Highest Level in Months

Funding was the highest it’s been in months, shooting up from $160M last week to $659M this week. Not surprisingly, the bulk of this funding ($416M) came from infrastructure, which has been the strongest segment for most of 2022. Nine of this week’s 24 deals were infrastructure, the two standouts being Homa and Copper Technologies, which raised $100M and $196M, respectively. Interestingly, DeFi accounted for $216M of funding this week, making it one of DeFi’s highest-funded weeks all year. There was a total of seven DeFi deals, the largest of which was a $165M raise for the decentralized...