Funding Skyrockets on the Back of Infrastructure
Crypto funding sharply increased this week, rising 114% from $108 million to $231 million. Infrastructure was the breadwinner, representing 44% of the total funding amount. The largest deal was an $81 million Series A deal completed by Auradine, valuing the company at $500 million. Despite the notable rise in total funding, deal counts dropped from 23 to 20, while the average deal size rose to $15.4 million.
Series A and Series B deals comprised 63% of total funding but only represented 20% of deal counts. Seed rounds remained the most popular type of deal, making up 30% of the count and 22% of funding. There was one M&A transaction this week. Ripple acquired Swiss digital custodian firm Metaco for $250 million. The acquisition will expand Ripple’s product suite and enable future issuance, custodial, and settlement services for tokenized assets while growing the company’s presence outside the U.S.
Deal of the Week
The Deal of the Week is Hourglass, a crypto startup that raised $4.2M in a seed round led by Electric Capital with participation from Coinbase Ventures and Circle, among others. Hourglass is the first marketplace that allows users to trade Time-Bound Tokens (TBTs), a concept that tokenizes a user's staked or locked assets. TBTs essentially act ...Reports you may have missed
MONTHLY RECAP February showed a modest increase in funding amount and deal count compared to January. Total funding rose 7% to $1 billion, and deal count increased 8% to 116 deals. Infrastructure was the leading category, with $388 million raised across 58 deals. CeFi has had its third consecutive month of nine-figure investment with less than 10 deals. The largest raise in February was a $200 million undisclosed round completed...
MONTHLY RECAP 2025 started on a strong foot, with January funding rising 5% month-over-month to $938 million from $895 million in December, while the deal count decreased 8% from 116 to 107. Infrastructure was the leading category of January, totaling $628 million in funding across 64 deals, representing 67% of total funding and 60% of total deal count. Although there were only six CeFi deals in January, it was the...
WEEKLY RECAP As expected, funding totals during the holidays were comparatively low. Both total funding and deal count fell by approximately 70%. There were 11 deals this week totaling $45 million in funding. All disclosed funding amounts fell into the Infrastructure and DeFi categories, while Web3 tallied two deals for undisclosed amounts. Infrastructure-led deal counts among categories (7), and there were no CeFi or Gaming deals to end the year....