DeFi Beginning to Shine
Weekly Recap
Weekly funding was on pace with last week’s levels, with total funding rising marginally to $76 million while deal count fell slightly to 11. DeFi was the most funded category this week, largely attributable to SynFutures’ $22 million Series B round (Deal of the Week). DeFi has been the hottest sector in Q4, making up 32% of total funding thus far. Infrastructure was the second most funded category this week, comprising 31% of funding amount and 45% of deal count. Infrastructure’s dominance as a category has waned in recent weeks, accounting for a fifth of the last three weeks’ total funding.
From a deal stage perspective, deals were relatively evenly distributed, with Seed rounds being the most popular, representing 27% of both deal count and total funding. This week marked the first Series B deal of Q4 and just the 10th of 2023. Darewise Entertainment, an Animoca subsidiary behind the MMO game Life Beyond, completed the only token sale of the week. Darewise raised $3.5 million to continue developing its Bitcoin metaverse ecosystem.
Funding By Category
Funding By Stage
Deal of the Week
SynFutures, a decentralized perpetual futures exchange, raised $22 million in a Series B round led by Pantera Capital. Other investor parti...Reports you may have missed
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