Funding Pulls Back Once Again
Funding this week fell once again, dropping from $191M to just $105M. Surprisingly, the bulk of this decline came from the infrastructure segment, which has generally been strong this year. Infrastructure funding fell from $142M to $35M, but still saw a fair number of deals, with seven of this week’s 17 deals being infrastructure-related. It’s important to note that the financing amount for two of the infrastructure deals this week (Sealance and Ancilia) wasn’t released, so the infrastructure funding amount is showing lower than it was. Other segments remained low in comparison, with almost all being flat from last week. CeFi, which has had meager funding ever since the insolvency of Celsius, saw the largest uptick in funding this week – increasing from zero last week to $16M this week. This was mainly due to a $13M raise for Arf, a VQF-regulated global settlement banking platform using Web3 technology.
There were two acquisitions this week. Crypto market intelligence provider, Glassnode, acquired crypto tax accounting platform, Accointing, and Amberdata, a crypto data provider, acquired Genesis Volatility, a crypto options and derivatives analytics firm.
The bulk of deals was done in the early stages, with Pre-Seed and Seed deals accounting for 70.6% of all deals....Reports you may have missed
WEEKLY RECAP Weekly funding fell by 34% from $126 million to $83 million, while deal count rose approximately 22% from 18 to 22. Infrastructure was the leading category, totaling $51 million across nine deals and comprising 61% of total funding. CeFi logged its second consecutive week of two deals, including Caliza’s $8.5 million investment round supporting its mission to provide cross-border remittances leveraging stablecoins. Web3 and Gaming deal flow has...
WEEKLY RECAP In the final week of Q2, crypto funding bounced back, rising 64% from $78 million to $128 million, while deal count rose modestly from 18 to 20. The funding total was dominated by Infrastructure, which comprised 88% of the total and also made up 55% of the total deal count. CeFi broke its streak of two weeks with no deal flow with a singular Series A round completed...
WEEKLY RECAP Private funding was suppressed as we enter the summer season, with total funding dropping 43% week-over-week to $66 million and deal count decreasing 52% to 15 deals. Infrastructure still took the top spot from a funding perspective, totaling $31 million across three deals, including Sonic, our Deal of the Week. DeFi tallied the most deals (6) and had the second most funding across categories ($24m). CeFi had its...
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