Funding Pulls Back Once Again

Funding this week fell once again, dropping from $191M to just $105M. Surprisingly, the bulk of this decline came from the infrastructure segment, which has generally been strong this year. Infrastructure funding fell from $142M to $35M, but still saw a fair number of deals, with seven of this week’s 17 deals being infrastructure-related. It’s important to note that the financing amount for two of the infrastructure deals this week (Sealance and Ancilia) wasn’t released, so the infrastructure funding amount is showing lower than it was. Other segments remained low in comparison, with alm

Funding this week fell once again, dropping from $191M to just $105M. Surprisingly, the bulk of this decline came from the infrastructure segment, which has generally been strong this year. Infrastructure funding fell from $142M to $35M, but still saw a fair number of deals, with seven of this week’s 17 deals being infrastructure-related. It’s important to note that the financing amount for two of the infrastructure deals this week (Sealance and Ancilia) wasn’t released, so the infrastructure funding amount is showing lower than it was. Other segments remained low in comparison, with almost all being flat from last week. CeFi, which has had meager funding ever since the insolvency of Celsius, saw the largest uptick in funding this week – increasing from zero last week to $16M this week. This was mainly due to a $13M raise for Arf, a VQF-regulated global settlement banking platform using Web3 technology.