Crypto Funding Fridays
- Crypto Funding Fridays
After an impressive $749 million was raised last week, funding totals came back down to earth to $228 million. Zero-carbon Bitcoin mining company TeraWulf completed a $32 million public equity sale, representing the largest deal of the week. Additionally, mining company Pow. re completed both...
- Crypto Funding Fridays
Mining Funding Comes Back from the Dead
For the first time in over a year, we’ve seen mining dominate crypto funding, comprising $625M of this week’s $746M of funding. There were two mining deals, Core Scientific and Blockstream, which received $500M and $125M, respectively. This heavy funding in mining caused total funding this week to skyrocket from...
- Crypto Funding Fridays
Web3 Funds Load up on Dry Powder
Despite a cold start in the first week of 2023, funding has ramped back up, increasing from just $7M in the first week of 2023 to $65M and $186M in the last two weeks, respectively. The majority of this funding came from Web3 and NFTs, which accounted for roughly $80M...
- Crypto Funding Fridays
2022 Crypto Fundraising Report
EXECUTIVE SUMMARY Click Here for the full report.Since late 2021, crypto markets have struggled in the face of a challenging macroeconomic background highlighted by rampant inflation and geopolitical conflict. Asset price drawdowns were exacerbated by a violent unwind of unhealthy leverage in the space, which revealed outright fraudulent behavior among...
- Crypto Funding Fridays
Funding is off to a Slow Start in 2023
Crypto funding is off to a slow start in 2023, with only five deals this week and a total of ~$7M in funding (two deals did not report the funding amount, so the actual number is a bit higher). It’s worth noting that this is in large part due to...
- Crypto Funding Fridays
Binance's Acquisition Spree Continues
Funding dropped considerably this week, falling to $26m from $503 million last week. Infrastructure deals led funding with 42% of the capital raised. All the fundraising this week was in the seed round stage. The largest deal raised was a $7.8 million seed round by Revel, an NFT minting and...
- Crypto Funding Fridays
CeFi and Infrastructure Remain Strong
Funding saw a notable increase this week, rising to $503 million from $73 million last week. CeFi and Infrastructure made up the large majority of capital raised, representing 60% and 31%, respectively. The largest deal this week was a $300 million Series C deal raised by Amber Group. Amber Group...
- Crypto Funding Fridays
DeFi Takes the Reins
Funding saw a sharp decrease this week as we progress through the final month of the year. This week's fundraising total was $57 million compared to $198 million last week. DeFi was the bright spot in the lackluster week, representing 37% of all fundraising. A trend is emerging around decentralized...
- Crypto Funding Fridays
Funding Takes a Dive After FTX Collapse
Today we are covering both this week and last week due to Thanksgiving last Thursday. Not surprisingly, funding was low last week during the holiday and amid the FTX insolvency. Funding decreased from $280M the week of 11/18 to just $41M last week. However, we’re seeing funding starting to bounce...
- Crypto Funding Fridays
Building Foundations
Funding saw an uptick this week, with the total amount rising to $280 million from $242 million last week. Infrastructure had a dominant week, comprising nearly 87% of all dollars raised. Most funding came from a $200 million Series C round by Matter Labs (this week’s deal of the week)....
- Crypto Funding Fridays
Infrastructure is King
Funding was on par with last week’s levels, with the total amount rising modestly to $224 million from $222 million. Infrastructure deals claimed the lion’s share of deals and amount raised, representing 36% of deals and 71% of total funds raised. The majority was raised via two $70 million deals...