Infrastructure & Web3 Maintain VC Attention

Compared to last week, funding has decreased $159 million from $474 million to $315 million, representing a 33% weekly decrease. Infrastructure continues to be a highlight of fundraising, accounting for almost a third of the total amount raised this week. Web3 was also a strong category this week, raising $51 million across four deals. Space and Time is tied for the largest web3 deal this week, raising $20 million in a strategic investment round led by Microsoft’s M12 Fund. Space and Time seeks to become a decentralized data warehouse to power the trustless web.