Funding Rebounds
Weekly Recap
Funding levels have rebounded significantly, rising nearly 4x from last week to reach $211m this week. Half of the funds raised came from industry veteran BitGo’s $100m series C round, our deal of the week. Web 3 & NFTs saw a significant jump in funds raised, with companies like ZTX and Port.3 looking to utilize blockchain technology for novel use cases. Infrastructure continues to be the main focus of investors, contributing $174m of the total $211m raised. DeFi deals fell substantially, with only $7m raised in one deal, as investors favored infrastructure and software companies focused on data analytics and AI. While this was a strong funding rebound, most deals were likely closed before this week’s steep market drawdown. It will be interesting to see if investors continue funding amid broader market uncertainty or if spot prices have a noticeable impact on deals closed and funds raised going forward.
Funding by Category
Funding by Deal Stage
Deal of The Week
This week's Deal of the Week is BitGo, which raised $100 million in a series C round. The Palo Alto-based Crypto Custodian declined to disclose participating investors. The funds will be utilized to meet the growing demand for regulate...Reports you may have missed
WEEKLY RECAP Despite liquid crypto prices rising, private market funding remains lackluster thus far in Q4. Aggregate funding fell 29% week-over-week, decreasing from $155 million to $109 million, while deal count fell by over 31% from 22 to 15. Infrastructure was the leading category from both a financing and deal count perspective and included our Deal of the Week, Noble. The largest deal was Monkey Tilt, which raised $30 million...
WEEKLY RECAP Total funding has rebounded from last week’s abnormally low amount, increasing 251% from $44 million to $154 million. Infrastructure was the leading category, raising $99 million across 13 deals. This week’s largest deal fell into the Infrastructure bucket; 0G Labs, a former Deal of The Week, raised $40 million in a Seed round, bringing its total funding to $75 million. From a deal stage perspective, funding was concentrated...
WEEKLY RECAP Weekly funding sharply declined, falling 81% from $181 million to $35 million, with total deal count dropping 31% from 26 to 18. The decreases can potentially be attributed to projects foregoing announcements in light of a week filled with U.S. election headlines. 77% of funding fell into the Infrastructure bucket, totaling $27 million across seven deals. Similarly, funding was concentrated in Pre-Seed and Seed deal stages, collectively comprising...
WEEKLY RECAP Weekly funding increased 65% from $103 million to $170 million despite the deal count falling 15% from 26 to 22. Eight companies raised $10 million or more this week, in contrast to just 10 companies combined in the last two weeks. The bulk of funding was concentrated in the Infrastructure category, with projects raising $112 million across 12 deals. DeFi was the second most funded category, with $48...
