Funding is off to a Slow Start in 2023

Crypto funding is off to a slow start in 2023, with only five deals this week and a total of ~$7M in funding (two deals did not report the funding amount, so the actual number is a bit higher). It’s worth noting that this is in large part due to a lack of deal activity around the holidays – last week’s funding was also low at just $1M of funding. Three of the five deals were infrastructure-related, and there was one Web3 and one DeFi deal. The largest deal this week was MSafe, which raised $5 million in a seed round led by Jump Crypto.