Infrastructure & DeFi Remain VC Favorites
Weekly Recap
Weekly funding decreased 25% from $209 million to $157 million, and the total deal count declined 19% from 32 to 26 deals. DeFi was the most funded category this week, anchored by Polymarket’s $45 million Series B round, the largest fundraise of the week. Infrastructure was not far behind, totaling $61 million across eight deals. As we begin to approach the end of 1H 2024, Infrastructure and DeFi have been the two consistent leaders in both funding and deal counts thus far. Infrastructure deals have comprised 53% of 2024 funding and 40% of all deals, while DeFi has marked 15% of funding and 27% of deals.
Seed rounds garnered the most investment this week, totaling $66 million, including Humanity Protocol’s $30 million round (DotW), which is comparatively large to historical seed rounds. The investment round also granted Humanity unicorn status, representing the sixth company in 2024 to achieve a valuation of over $1 billion.
Funding by Category
Funding by Stage
Deal of the Week
Humanity Protocol, a zero-knowledge powered decentralized identity project, raised $30 million in a seed round led by Kingsway Capital, with participation from Animoca Brands, Blockchain.com, Shima Capital, ...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 26606b-0aafc6-b601de-84af47-7cd002
Already have an account? Sign In 26606b-0aafc6-b601de-84af47-7cd002