Funding Activity Jumps with Market
Weekly Recap
Funding is following the market higher, jumping $29 million from last week to $141 million. This week also saw a jump in activity, with 25 deals closed compared to 13 last week. Infrastructure was by far the most popular category, with 14 deals announced. Deals were funded in numerous infrastructure verticals, including trading software, payments, and compliance, among others. From a deal stage perspective, raises remain concentrated on Seed and Pre-Seed companies, with half of the deals this week falling in these categories. There was an uptick in Series A funding, with three companies raising $62m as investors gained confidence in more established business models. These included our deal of the week, web3 cybersecurity firm Blockaid, which raised $33m. There was also a large Series A raise in the gaming category, with blockchain-based first-person shooter Shrapnel raising $20 million. Given the sharp rally in liquid token markets this week, it will be interesting to see if the surge in activity and funding follows in the private market.
Funding by Category
Funding by Deal Stage
Deal of The Week
Blockaid, a web3 security company, has emerged from stealth mode with $33 million in funding to safeguard users against fraud, phi...Reports you may have missed
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