Funding Rebounds While Markets Dive
Mar 10, 2023
• 4
Min Read
Funding rebounded this week despite drawdowns across crypto and traditional markets. Total weekly funding rose from $103M to $312M, with all sectors seeing increased funding except for DeFi and Mining. Infrastructure and Web3 & NFTs were the top funded verticals, raising $152M and $73M, respectively, while Mining has gone two straight weeks without funding. CeFi deals totaled $20m, showing signs of life after no CeFi deals closed last week.
Infrastructure had the most deals of any sector, with 12 out of 27 announced. Most of the funding in this category came from Ethereum L2 ...