Intents-Based Projects Becoming Hot Trend
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, CeFi projects did not garner any investment this week, as the category remains a laggard.
From a funding perspective, Series A was the leading deal stage, totaling $50 million across three deals, including Ava Protocol, our Deal of the Week. Seed rounds had the second most funding ($29 million) and were the most popular in terms of deal flow (9). There were two token sales this week, including Zyfi, who is building an account abstraction protocol on ZkSync.
Funding by Category
Funding by Stage
Deal of the Week
Ava Protocol, an EigenLayer Actively Validated Service (AVS) focused on Web3 automation, raised $10 million in a seed round with investor participation from Electric Capital, Shima Capital, Taisu Ventures, and others. The funding will be used to expand its operations and technology stack.
Why is This Deal of ...Reports you may have missed
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 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...
WEEKLY RECAP Total funding fell 18% week over week to $191 million, while the deal count rose 32% to 33. May saw $883 million in funding across 136 deals, being slightly above the 2024 average of approximately $800 million per month. Infrastructure was the leading category with $106 million in funding, primarily comprised of Babylon’s $70 million undisclosed round led by Paradigm. The Gaming category posted its highest totals in...
WEEKLY RECAP Despite 24% fewer deals this week, total funding rose 38% from $157 million to $217 million, largely due to Farcaster’s $150 million Series A round (DotW). There was only one other Web3 deal besides Farcaster, which was the leading category from a funding perspective. Similarly, Series A rounds were the leader in funding this week, totaling $158 million across just two deals: Farcaster and an $8 million fundraise completed by...
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 c157a1-e71205-e88e1f-e95812-68df54
Already have an account? Sign In c157a1-e71205-e88e1f-e95812-68df54
