Funding Activity Continues Gaining Steam
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 them secure $80 million in bookings with another $200 million in the order pipeline. The funding will be used to scale its Teraflux revenues and enhance R&D for its portfolio of blockchain and AI security solutions.
Deal count fell to 27 this week, the first week under 30 deals since February. Infrastructure was the leader in deal flow and total funding, comprising 37% of deals and 70% of funding. DeFi projects have been consistently attracting deals, with three consecutive weeks of 8 deals and the second highest category total over the last three weeks. CeFi continues to be a laggard category from both a deal flow and funding perspective, with just two deals totaling $14 million over the last three weeks.
Funding by Category
Funding by Stage
Deal of the Week
Monad Labs, the development company of Monad, a full...Reports you may have missed
WEEKLY RECAP In the final week of Q2, crypto funding bounced back, rising 64% from $78 million to $128 million, while deal count rose modestly from 18 to 20. The funding total was dominated by Infrastructure, which comprised 88% of the total and also made up 55% of the total deal count. CeFi broke its streak of two weeks with no deal flow with a singular Series A round completed...
WEEKLY RECAP Private funding was suppressed as we enter the summer season, with total funding dropping 43% week-over-week to $66 million and deal count decreasing 52% to 15 deals. Infrastructure still took the top spot from a funding perspective, totaling $31 million across three deals, including Sonic, our Deal of the Week. DeFi tallied the most deals (6) and had the second most funding across categories ($24m). CeFi had its...
WEEKLY RECAP This week’s $113 million in funding was less than half of last week’s $242 million, although the deal count showed a more modest 17% drop to 30 deals. Infrastructure continues to be the most popular investment category. Infrastructure’s $66 million in funding was stapled by Nexus Labs and Nuffle Labs’ $25 million and $13 million respective investment rounds. After tallying a few deals in the previous two weeks,...
WEEKLY RECAP Weekly funding fell by almost 50% to $182 million, while the deal count fell by about a third to 23. The Infrastructure category led both funding and deal count, bolstered by Avail’s $47 million Series A round. CeFi saw $26 million in funding, including XREX’s $18.75 million strategic round with Tether. XREX will use the funding to help facilitate regulatory-compliant cross-border payments using USDT. Gaming had the second...
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 93fc56-8cc4bb-f220f7-1d7c80-ef19ac
Already have an account? Sign In 93fc56-8cc4bb-f220f7-1d7c80-ef19ac