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 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.
There were two acquisitions this week. Crypto market intelligence provider, Glassnode, acquired crypto tax accounting platform, Accointing, and Amberdata, a crypto data provider, acquired Genesis Volatility, a crypto options and derivatives analytics firm.
The bulk of deals was done in the early stages, with Pre-Seed and Seed deals accounting for 70.6% of all deals....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...
Articles Read 1/1
🎁 Unlock 1 extra article by joining our Community!
You’ve reached your limit of 1 free monthly articles. Please enter your email to unlock 1 more articles.
Already have an account? Sign In 7408eb-204d59-e58b64-e93318-6e3c1d
Already have an account? Sign In 7408eb-204d59-e58b64-e93318-6e3c1d
