DeFi Deals Rising
Weekly Recap
Funding levels remain muted, rising $9m from last week to $58m this week. Most funds raised came from the DeFi and Infrastructure verticals, with DeFi seeing a jump in interest since the previous few weeks. The largest raise of the week came from the DeFi category, with Liquid Staking provider Helio protocol receiving $10m from Binance labs to expand to Ethereum-based staking. There were also a few strategic token sales from DeFi protocols Curve and Rocketpool, showing an appetite for token sales by existing players on the market. Funding remains concentrated in the early stages, with two-thirds of deals announced for seed round projects this week. In addition to DeFi, investors continue to bet on essential infrastructure tools like wallets and security providers.
Funding by Category
Funding by Deal Stage
Deal of The Week
This week's Deal of the Week is Spearbit, which raised $7 million in an undisclosed round led by Framework Ventures with participation from Nascent, 1kx, Volt Capital, Breed VC, Robot Ventures, and others. The funds will be utilized to further develop Cantina, their open marketplace designed for web3 security auditors. Additionally, the company's co-founder, Spencer Macdonald, revealed that the investment will al...Unlock this article by joining our Community!
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