CeFi and Infrastructure Remain Strong
Funding saw a notable increase this week, rising to $503 million from $73 million last week. CeFi and Infrastructure made up the large majority of capital raised, representing 60% and 31%, respectively. The largest deal this week was a $300 million Series C deal raised by Amber Group. Amber Group is a digital asset trading platform, and they raised capital in order to increase the company’s health following the collapse of FTX.
Seed Round deals were the most popular deal type this week, representing 37% of all deals. There was one acquisition this week as Bitcoin Group acquired the German bank, Bankhaus von der Heydt. Bankhaus von der Heydt has a German banking license and currently offers custody and tokenization of digital assets. Bitcoin Group plans to leverage the acquisition to become a one-stop shop for banking, securities, and crypto trading services.
Deal of The Week
Crypto insurance platform, Evertas, raised $14M in funding in a Series A round led by Polychain Capital with participation from CMT Digital Ventures, Morgan Creek, and Balaji Srinivasan, among others. This round brings the company's funding to a total of $19.8M. Evertas aims to bring quality insurance to crypto by applying traditional insurance principles to the new risks and opportun...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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