27% Increase in Funding to End Q2
Crypto funding rose on a weekly basis to $103 million compared to $81 million last week. Metaverse & Gaming and CeFi were the two strongest categories this week, accounting for 47% and 32% of total funding, respectively. This week’s average deal size was $7.9 million, exceeding the previous two weeks and ending the month on a strong note.
Metaverse & Gaming also led the week in deal count, with six deals. Although DeFi only accounted for 13% of funding, it had the second highest deal count (5), representing a third of all deals. There was one Series C deal this week (Mythical Games), only the second Series C deal this quarter, as venture capitalists have been placing their bets on early-stage projects. Mythical Games was also the largest deal of the week ($37 million), which is logical given the late-stage fundraise. Seed stage deals were the most popular category for the third consecutive week, representing 33% of all deals.
Hash3 conducted the sole investment fundraise this week, raising $29 million to invest in seed stage projects, and there were no M&A transactions.
Funding by Category
Funding by Deal Stage
Deal of the Week
This week's Deal of the Week is Mythical Games, which raised $37M in a Series C1 round led by Scytale Dig...Unlock this article by joining our Community!
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