Average Deal Size Continues to Exceed Q1 Levels
Jun 2, 2023
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Crypto funding maintained last week’s levels, rising slightly to $179 million from $171 million. The general trend of Infrastructure and Seed deals being the most common continued. Additionally, Infrastructure deals made up 76% of the total fundraising amount. Interestingly, this was the second week in a row for CeFi and Mining not tallying any deals, as both categories have lost their luster throughout the ongoing bear market.
Deal counts were relatively evenly distributed across Pre-Seed, Seed, and Strategic deals, comprising half of the total deal count. Strategic rounds had the...