Crypto Funding on Summer Vacation
Weekly Recap
Crypto funding seems to be on vacation as total funding fell on a weekly basis to $36 million compared to $157 million last week. Deal count followed suit, falling to a measly 7 deals, bringing total funding and deal count to their lowest weekly levels since the first week of 2023. Of the five deals with disclosed funding amounts, all fell within the $0-10 million range. Infrastructure was the only notable category, comprising 81% of total funding and 71% of deal count.
There was one crypto fund that announced a raise this week. Born Ready, a recently launched venture fund, secured $50 million in funding. Interestingly, Futureverse, a Web3 & NFT-based platform highlighted in a recent Funding Friday (7/21), which currently ranks second in largest deal size ($54 million) for Q3 2023, shares the same co-founders as Born Ready. The venture fund's primary focus is fast-tracking the adoption and development of projects that can collaborate strategically with The Root Network and Futureverse.
Funding by Category
Funding by Deal Stage
Deal of the Week
Terminal 3, a decentralized data infrastructure company, completed a pre-seed deal with investor participation from 500 Global, CMCC Global, Consensys Mesh, Bixin Ventur...Reports you may have missed
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