CeFi Resurgence
Weekly Recap
Total funding surged to $383 million this week, more than tripling last week’s total. The majority came from three CeFi deals: Blockchain.com, Fnality International (DotW), and BC Technology Group. They all completed funding rounds of approximately $100 million, making up three of the ten largest deals this year. Infrastructure was the most popular category from a deal count perspective, tallying 10 deals, while the remaining deals were relatively evenly distributed across other categories.
Total deal count rose to 27 this week, with early-stage deals remaining the most common with pre-seed and seed rounds totaling seven deals each. Although pre-seed and seed deals were the most common, they only comprised 11% of the total funding amount. This week marked the first Series E deal of the year, with Blockchain.com completing a $110 million round. It will be interesting to watch if late-stage deals see more activity as private market demand rebounds.
A notable M&A transaction occurred this week with Foresight Ventures acquiring a majority stake in crypto news and data provider, The Block, valuing them at $70 million. Most of the capital was used to buy out former CEO Mike McCaffrey’s stake, who resigned in 2022 after taking millions in loans from SBF.
Funding by Cat...Reports you may have missed
MONTHLY RECAP 2025 started on a strong foot, with January funding rising 5% month-over-month to $938 million from $895 million in December, while the deal count decreased 8% from 116 to 107. Infrastructure was the leading category of January, totaling $628 million in funding across 64 deals, representing 67% of total funding and 60% of total deal count. Although there were only six CeFi deals in January, it was the...
WEEKLY RECAP As expected, funding totals during the holidays were comparatively low. Both total funding and deal count fell by approximately 70%. There were 11 deals this week totaling $45 million in funding. All disclosed funding amounts fell into the Infrastructure and DeFi categories, while Web3 tallied two deals for undisclosed amounts. Infrastructure-led deal counts among categories (7), and there were no CeFi or Gaming deals to end the year....
WEEKLY RECAP Crypto funding saw a large jump week-over-week, increasing 83% from $231 million to $424 million, and total deal count rose by 21% from 28 to 34. The large funding total was helped by a $250 million token sale completed by Avalanche ahead of its Avalanche9000 upgrade. Infrastructure dominated amongst categories, totaling $354 million across 21 deals, making up 84% of funding and 62% of total deal count. The...