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 opportunities present in cryp...