Funding Rebounds to End Q2
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 by Crossover Markets, an execution-only crypto exchange. Although DeFi posted four deals this week, they were all for undisclosed amounts.
Funding was concentrated in Series A and Seed stages, contributing 54% and 27% of total funding, respectively. Seed rounds were the most common stage, tallying six deals, while the remainder of deals were relatively evenly distributed across Strategic, Series A, and Pre-Seed stages.
June finished with $509 million in funding across 94 deals, the lowest monthly totals thus far in 2024. Q2 funding and deal count showed 13% and 4% increases compared to Q1. Looking ahead, Q3 totals historically tend to be the lowest of the year, as there is less activity during the summer months.
Funding by Category
Funding by Stage
Deal of the Week
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