Big Week for Beras
Total funding for this week rose approximately 25% from $198 million to $249 million, with the large majority coming from the Infrastructure and DeFi verticals. One of the larger DeFi deals was Nayms’ $12 million round valuing the company at $80 million. Nayms is building a fully-regulated on-chain insurance platform to bring efficient and transparent features to a largely off-chain market. The funding will be used to expand Nayms’ global team and accelerate the growth of its products.
Seed and Series A deals were the most common this week, representing 26% and 22% of the deal count. The average deal size was $11 million, a significant increase compared to last week’s $8 million.
There was one private token sale and one M&A transaction this week. Berachain (deal of the week) completed a $42 million private token sale, while Artifact Labs acquired the source code of Refinable, an NFT launchpad, and marketplace. The acquisition should help Artifact Labs rapidly accelerate its product roadmap and offer users exciting NFT & Metaverse experiences.
Deal of The Week
Berachain, a layer-1 EVM-compatible blockchain built on Cosmos, has raised $42m in a Series A round led by Polychain Capital, with participation from GoldenTree Asset Management, Tribe Capi...Reports you may have missed
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