Personal AI and Crypto Converge
Weekly Recap
Funding activity bounced back from last week’s muted totals, with total funding rising 44% from $67 million to $96 million and deal count increasing 56% from 16 to 25. DeFi was the leading category from both a fundraising and deal count perspective, raising $44 million across 11 deals. This week's largest deal was a DeFi investment – Huma Finance raised $28 million in a Series A round to expand its PayFi network. Seed and Series A rounds were tied for the most funded deal stage, both totaling $28 million, although the number of Seed rounds outpaced Series A by seven deals. There was an increase in pre-seed funding rounds this week, with $21 million in funding across seven deals, including a $10 million round from PIN AI (DotW), representing the second-largest pre-seed round in 2024.
Funding by Category
Funding by Stage
Deal of the Week
PIN AI, an open platform for personal artificial intelligence, has raised $10 million in a pre-seed round from investors including a16z, Hack VC, Foresight Ventures, Alumni Ventures, and others. PIN AI is also backed by notable angel investors, including the founder of NEAR, the CEO of Mysten Labs (Sui), and the president of the Solana Foundation. PIN AI converges on AI and crypto by offering a priva...Reports you may have missed
WEEKLY RECAP Weekly funding increased 67% from $100 million to $167 million, while the deal count rose a modest 8% from 26 to 28. Infrastructure was the clear winner this week, raising $110 million across 14 deals, representing two-thirds of total funding and half of the total deal count. There were two CeFi deals totaling $9 million in funding, which remains a laggard category, tallying only 55 deals so far...
WEEKLY RECAP Funding totals were low in a short week following the Labor Day holiday. Total funding fell by 66% from $193 million to $67 million, while total deal count fell 47% from 30 to 16. Only three categories tallied disclosed funding this week, with Gaming being the leader at $39 million. Infrastructure was the leader from a deal count perspective, with five deals comprising 31% of the total. There...
WEEKLY RECAP Weekly totals in fundraising and deal count showed slight decreases week over week. Total funding fell 7% from $199 million to $185 million, and deal count dropped 11% from 27 to 24. Infrastructure has dominated the month of August, making up 65% of the month’s funding and comprising 70% of this week’s total. Gaming and DeFi made up the majority of the remaining funding, representing 14% and 11%...
WEEKLY RECAP Weekly funding showed a slight decrease, falling from $211 million to $199 million, while the total deal count increased 37% from 19 deals to 26. Infrastructure was the leading category, totaling $156 million in funding across 12 deals and making up over three-quarters of the total amount. DeFi was the second leading category, with $26 million in funding, including SatLayer, a Bitcoin restaking solution similar to EigenLayer. This...
