Crypto Funding Fridays

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...

Funding decreased this week to the lowest levels all month, declining from $142M to $96M. While funding decreased, the total number of deals remained the same at 22. Web3 & NFTs had the most funding this week, with six deals totaling $34M, including digital asset wallet Galaxy Finance, the largest deal of the week at $30M. Infrastructure had the second most funding at $31M. Each other sector lagged behind, with...

Crypto funding dropped sharply this week, falling to $129 million from $373 million. To no surprise, Infrastructure deals once again garnered the largest amount of funding, equating to $78 million. Web3 & NFTs were the second largest category by funding ($35 million) and tied Infrastructure with the highest deal count (7). The average deal size across all categories was $8.1 million - a considerable decline from last week’s $25 million...

Total funding doubled week over week, rising to $373m compared to $180m raised last week. Most of the funds raised came from one Mining deal, Volcano Energy. The El Salvador-based sustainable Bitcoin mining company secured $1B in commitments and has received its first $250M in funding, with participation from USDT issuer Tether. The government of El Salvador will have a significant role in planning and execution of the project and...

Crypto funding maintained last week’s levels, rising slightly to $179 million from $171 million. The general trend of Infrastructure and Seed deals being the most common continued. Additionally, Infrastructure deals made up 76% of the total fundraising amount. Interestingly, this was the second week in a row for CeFi and Mining not tallying any deals, as both categories have lost their luster throughout the ongoing bear market.  Deal counts were...

Funding declined from $238M last week to $164M this week. Most deals (75%) were in the infrastructure vertical, which increased from $104M to $124M this week, with six total deals. The second most funded sector was Metaverse & Gaming, which rose to $23M in funding this week from no funding last week. Every other sector lagged—Web3 & NFTs had $15M in funding, DeFi had $2M, and CeFi and Mining had...

Crypto funding sharply increased this week, rising 114% from $108 million to $231 million. Infrastructure was the breadwinner, representing 44% of the total funding amount. The largest deal was an $81 million Series A deal completed by Auradine, valuing the company at $500 million. Despite the notable rise in total funding, deal counts dropped from 23 to 20, while the average deal size rose to $15.4 million.  Series A and Series...

Funding increased 40% week-over-week from $75 million to $105 million. Infrastructure and Web3 & NFTs dominated fundraising, representing 88% of total funding. Deal counts also rose this week, ticking up 31% to 21 deals. Deal sizes were consistent with last week’s levels, with an average of $6 million per deal. The week's largest deal was a $16.5 million token sale completed by Limewire. The ex-notorious file-sharing platform is refocusing its...

Funding took a dive this week, decreasing from $147M last week to just $75 million, the lowest level in over a month. Each vertical saw a decline in funding, with CeFi and Metaverse & Gaming receiving zero funding. Most of this week's funding was concentrated in the Infrastructure and Web3 & NFT segments, which had $41 million and $20 million in funding, respectively. These verticals in particular have been resilient...

Funding declined this week from $280M last week to just $147M this week. Not surprisingly, most deals were infrastructure-related, something we’ve seen all month. DeFi, which has generally been one of the less funded verticals the last year, has slowly begun to see an uptick in funding. DeFi was the second highest funded vertical in the past two weeks, with $45M and $29M funded. This week’s largest deal, Thetanuts Finance,...

EXECUTIVE SUMMARY Click Here for the full report.Crypto VC funding has continued its downtrend since peaking in the beginning of last year. Q1 2023 marked the fourth consecutive quarter of declines in total fundraising amount and deal count.Despite its decline from peak funding levels, the industry has proved its resilience, with funding levels still greater than 4x that of the previous bear market. We will be watching to see if...