Venture Funding Hits Monthly Lows Array ( [cookie] => a672b3-52064a-8adabc-ede1b5-081abc [current_usage] => 2 [max_usage] => 2 [current_usage_crypto] => 2 [max_usage_crypto] => 1 [lock] => 1 [message] => [error] => [active_member] => 0 [subscriber] => 1 [role] => subscriber [visitor_id] => 592580 [reason] => Usage above limits [method] => ) 1
Funding fell this week, making it the lowest funded week of the month. Total deals dropped from 43 to 26, and the amount of funding decreased from $466M to $386M. Despite the decrease in funding, infrastructure had its highest deal flow all month at $131M, up from $30M last week. There were four infrastructure deals, the largest of which being Halborn, a blockchain security platform. Other infrastructure deals included Metabit, Zebedee, and Fedi. Defi also saw an uptick in investment this week, increasing from $33M to $80M. This was led by a $33M funding round for Meow, a platform backed by Tiger Global Management that allows corporate treasuries access to crypto yields. Each other category saw a decrease in investment, with Metaverse/Gaming decreasing the most from $142M to $13M. NFX, a venture capital firm with over $1 billion in total capital commitments, was the only investment fund that received funding this week. NFX added $62.61 million to its second fund for follow-on investments.
While most deals remain in the early stages (58.8% of deals this week were Seed Round), later-stage deals got more attention than usual. Series A and Series B deals accounted for 17.6% and 5.9% of deals, respectively.
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