27% Increase in Funding to End Q2
Crypto funding rose on a weekly basis to $103 million compared to $81 million last week. Metaverse & Gaming and CeFi were the two strongest categories this week, accounting for 47% and 32% of total funding, respectively. This week’s average deal size was $7.9 million, exceeding the previous two weeks and ending the month on a strong note.
Metaverse & Gaming also led the week in deal count, with six deals. Although DeFi only accounted for 13% of funding, it had the second highest deal count (5), representing a third of all deals. There was one Series C deal this week (Mythical Games), only the second Series C deal this quarter, as venture capitalists have been placing their bets on early-stage projects. Mythical Games was also the largest deal of the week ($37 million), which is logical given the late-stage fundraise. Seed stage deals were the most popular category for the third consecutive week, representing 33% of all deals.
Hash3 conducted the sole investment fundraise this week, raising $29 million to invest in seed stage projects, and there were no M&A transactions.
Funding by Category
Funding by Deal Stage
Deal of the Week
This week's Deal of the Week is Mythical Games, which raised $37M in a Series C1 round led by Scytale Dig...Reports you may have missed
WEEKLY RECAP Despite liquid crypto prices rising, private market funding remains lackluster thus far in Q4. Aggregate funding fell 29% week-over-week, decreasing from $155 million to $109 million, while deal count fell by over 31% from 22 to 15. Infrastructure was the leading category from both a financing and deal count perspective and included our Deal of the Week, Noble. The largest deal was Monkey Tilt, which raised $30 million...
WEEKLY RECAP Total funding has rebounded from last week’s abnormally low amount, increasing 251% from $44 million to $154 million. Infrastructure was the leading category, raising $99 million across 13 deals. This week’s largest deal fell into the Infrastructure bucket; 0G Labs, a former Deal of The Week, raised $40 million in a Seed round, bringing its total funding to $75 million. From a deal stage perspective, funding was concentrated...
WEEKLY RECAP Weekly funding sharply declined, falling 81% from $181 million to $35 million, with total deal count dropping 31% from 26 to 18. The decreases can potentially be attributed to projects foregoing announcements in light of a week filled with U.S. election headlines. 77% of funding fell into the Infrastructure bucket, totaling $27 million across seven deals. Similarly, funding was concentrated in Pre-Seed and Seed deal stages, collectively comprising...
WEEKLY RECAP Weekly funding increased 65% from $103 million to $170 million despite the deal count falling 15% from 26 to 22. Eight companies raised $10 million or more this week, in contrast to just 10 companies combined in the last two weeks. The bulk of funding was concentrated in the Infrastructure category, with projects raising $112 million across 12 deals. DeFi was the second most funded category, with $48...
