VC Interest in DeFi Slowly Picking Up

Funding declined this week from $280M last week to just $147M this week. Not surprisingly, most deals were infrastructure-related, something we’ve seen all month. DeFi, which has generally been one of the less funded verticals the last year, has slowly begun to see an uptick in funding. DeFi was the second highest funded vertical in the past two weeks, with $45M and $29M funded. This week’s largest deal, Thetanuts Finance, is in the DeFi vertical as well. Thetanuts Finance is a multi-chain structured products protocol and raised $17M in a round led by Polychain Capital, Hyperchain Capital,...