Digital Identities for BNB
This week’s funding totals were on par with last week, declining slightly from $231 million to $226 million. Funding amounts were concentrated in the Infrastructure and CeFi verticals, raising $104 million and $64 million, respectively. SALT Lending closed a $64 million Series A deal, representing the largest deal this week and comprising the entire amount of CeFi capital raised. SALT Lending is a crypto lending platform that paused its business following the collapse of FTX. They raised capital in order to cancel out debts owed to customers, with any remaining funds to be used for new products and growth strategies.
Seed rounds were the most common disclosed deal stage this week but only comprised 7.6% of the total funding amount, whereas Series A rounds were tied for the least common stage but represented 33% of total fundraising. Dymension, a modular blockchain network leveraging Cosmos and Celestia technologies, completed a $6.7 million SAFT offering, representing the only SAFT deal this week.
