Big Week for Beras
Total funding for this week rose approximately 25% from $198 million to $249 million, with the large majority coming from the Infrastructure and DeFi verticals. One of the larger DeFi deals was Nayms’ $12 million round valuing the company at $80 million. Nayms is building a fully-regulated on-chain insurance platform to bring efficient and transparent features to a largely off-chain market. The funding will be used to expand Nayms’ global team and accelerate the growth of its products.
Seed and Series A deals were the most common this week, representing 26% and 22% of the deal count. The average deal size was $11 million, a significant increase compared to last week’s $8 million.
There was one private token sale and one M&A transaction this week. Berachain (deal of the week) completed a $42 million private token sale, while Artifact Labs acquired the source code of Refinable, an NFT launchpad, and marketplace. The acquisition should help Artifact Labs rapidly accelerate its product roadmap and offer users exciting NFT & Metaverse experiences.
Deal of The Week
Berachain, a layer-1 EVM-compatible blockchain built on Cosmos, has raised $42m in a Series A round led by Polychain Capital, with participation from GoldenTree Asset Management, Tribe Capi...Reports you may have missed
WEEKLY RECAP Funding totals were low in a short week following the Labor Day holiday. Total funding fell by 66% from $193 million to $67 million, while total deal count fell 47% from 30 to 16. Only three categories tallied disclosed funding this week, with Gaming being the leader at $39 million. Infrastructure was the leader from a deal count perspective, with five deals comprising 31% of the total. There...
WEEKLY RECAP Weekly totals in fundraising and deal count showed slight decreases week over week. Total funding fell 7% from $199 million to $185 million, and deal count dropped 11% from 27 to 24. Infrastructure has dominated the month of August, making up 65% of the month’s funding and comprising 70% of this week’s total. Gaming and DeFi made up the majority of the remaining funding, representing 14% and 11%...
WEEKLY RECAP Weekly funding showed a slight decrease, falling from $211 million to $199 million, while the total deal count increased 37% from 19 deals to 26. Infrastructure was the leading category, totaling $156 million in funding across 12 deals and making up over three-quarters of the total amount. DeFi was the second leading category, with $26 million in funding, including SatLayer, a Bitcoin restaking solution similar to EigenLayer. This...
WEEKLY RECAP Weekly funding saw a notable increase from $82 million to $202 million, a 147% increase, while this week’s deal count was roughly in-line with the previous two weeks, notching 17 deals compared to 18. Infrastructure was the leading category in terms of fundraising, making up approximately two-thirds of the total with $137 million. CeFi was the next most funded category at $40 million, with the two companies receiving...
