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 Despite liquid crypto prices rising, private market funding remains lackluster thus far in Q4. Aggregate funding fell 29% week-over-week, decreasing from $155 million to $109 million, while deal count fell by over 31% from 22 to 15. Infrastructure was the leading category from both a financing and deal count perspective and included our Deal of the Week, Noble. The largest deal was Monkey Tilt, which raised $30 million...
WEEKLY RECAP Total funding has rebounded from last week’s abnormally low amount, increasing 251% from $44 million to $154 million. Infrastructure was the leading category, raising $99 million across 13 deals. This week’s largest deal fell into the Infrastructure bucket; 0G Labs, a former Deal of The Week, raised $40 million in a Seed round, bringing its total funding to $75 million. From a deal stage perspective, funding was concentrated...
WEEKLY RECAP Weekly funding sharply declined, falling 81% from $181 million to $35 million, with total deal count dropping 31% from 26 to 18. The decreases can potentially be attributed to projects foregoing announcements in light of a week filled with U.S. election headlines. 77% of funding fell into the Infrastructure bucket, totaling $27 million across seven deals. Similarly, funding was concentrated in Pre-Seed and Seed deal stages, collectively comprising...
WEEKLY RECAP Weekly funding increased 65% from $103 million to $170 million despite the deal count falling 15% from 26 to 22. Eight companies raised $10 million or more this week, in contrast to just 10 companies combined in the last two weeks. The bulk of funding was concentrated in the Infrastructure category, with projects raising $112 million across 12 deals. DeFi was the second most funded category, with $48...
