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Funding Activity Slows in Last Week of Summer

Sep 1, 2023 • 3 Min Read
Author
Tom Couture
Tom Couture AC

Weekly Recap

In the final week of summer, crypto funding activity diminished. Total weekly funding fell to $16 million from $24 million the previous week. Deal count fell 25% to just 9 deals. Of the nine deals, both DeFi and Web3 & NFTs notched four deals. The Web3 & NFTs deals were slightly larger, totaling $9 million in investment compared to DeFi’s $5 million. A noticeable trend in the last month has been the popularity of deals in the Web3 space as blockchain-oriented social media sites like Friend.tech have taken the spotlight.

To no surprise, Seed rounds were the investment choic...

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