Funding Finds a Pulse
Weekly Recap
After two weeks of lackluster funding activity, there was a considerable rebound in both total fundraising and deal count. Total funding rose to $129 million, over 8x last week’s total, while deal count more than doubled. In addition to funding activity increasing, the average deal size increased to $8 million compared to $3 million last week. Four deals were in the $10-$25 million bucket, the highest count in recent months.
Infrastructure was the highest funded category ($62m), followed by Web3 & NFTs with $37 million. Over the last month, there has been a trend of deal counts being concentrated between DeFi and Web3 & NFTs. The trend remained intact with the addition of Infrastructure garnering seven deals. From a deal stage perspective, funding was concentrated in the Seed and Series A stages, representing 19% and 44% of total funding, respectively. Deal count distribution was similar, with Seed rounds comprising 27% of total deals and Series A rounds comprising 14%.
Funding by Category
Funding by Deal Stage
Deal of the Week
Story Protocol, an open-source network focused on intellectual property (IP) rights, raised $25 million via a Series A deal led by Andreessen Horowitz. Other investors included Endeavor, Samsung Nex...Reports you may have missed
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