Infrastructure and Gaming Lead the Way
This week, funding increased to $191 million from a measly $105 million last week. The bulk of fundraising came from the infrastructure and gaming sectors. Infrastructure has been the strongest category for most of the year, but gaming saw a notable increase, rising to $51 million from $15 million last week. Other categories, such as NFTs, Web3, DeFi, and CeFi have been consistent with the amounts raised over the previous few weeks. A large part of the gaming funding came from Wemade’s $46 million deal which had participation from Shinhan Asset Management, Kiwoom Securities, and Microsoft Corporation. Wemade is a blockchain gaming and finance company whose goal is to “transform everyday games with blockchain technology and establish its WEMIX token as a key currency in the gaming industry.”
There was one acquisition this week in which Helium Foundation, the company behind the Helium Blockchain, acquired Strata Protocol and its engineering team. They will assist with Helium’s network migration to Solana.
Seed and Strategic rounds each accounted for approximately 17% of the deals this week. Series A deals made up another 8%, while the rest failed to disclose the stage or type of fundraising.
Deal of the Week:
WalletConnect, the Web3 communications proto...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...
Articles Read 1/1
🎁 Unlock 1 extra article by joining our Community!
You’ve reached your limit of 1 free monthly articles. Please enter your email to unlock 1 more articles.
Already have an account? Sign In 074983-459583-f6e763-a0b319-b529e0
Already have an account? Sign In 074983-459583-f6e763-a0b319-b529e0
