All Eyes on Infrastructure and Web3 & NFTs
May 12, 2023
• 3
Min Read
Funding increased 40% week-over-week from $75 million to $105 million. Infrastructure and Web3 & NFTs dominated fundraising, representing 88% of total funding. Deal counts also rose this week, ticking up 31% to 21 deals. Deal sizes were consistent with last week’s levels, with an average of $6 million per deal. The week's largest deal was a $16.5 million token sale completed by Limewire. The ex-notorious file-sharing platform is refocusing its efforts toward a digital platform where musicians can create and monetize blockchain-based content.
Deal stage make-up stayed consistent with recen...