Andalusia Labs Achieves Unicorn Valuation

Dec 15, 2023 • 4 Min Read

Weekly Recap

Crypto funding remained elevated for the third consecutive week, totaling $271 million, a slight drop from last week’s $289 million. The most funded category was Web3 and NFTs, largely due to a $140 million round closed by Line Next, the Web3 unit of the Japanese messaging app Line. Crescendo Equity Partners, a Peter Thiel-backed private equity firm, led the investment round. Infrastructure was the most popular category from a deal count perspective, tallying 12 deals worth $69 million, including our Deal of the Week, Andalusia Labs.

The majority of this week’s funding ...

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