Elevated Private Market Activity Continues

Feb 2, 2024 • 3 Min Read

Weekly Recap

Total funding fell 23% week-over-week from $159 million to $123 million, while the deal count remained constant at 29. This is the fourth week of triple-digit funding and over 20 deals, and the second in a row with nearly 30 deals, confirming private markets activity is trending higher. DeFi and Infrastructure were the leading sectors for funding, accounting for almost one-third of all deal activity each. Investors are focused on teams addressing common user pain points such as self-custody and interoperability between chains. Deals were concentrated in seed-stage companies, which received $87 million while representing 12 of the 29 deals announced. Metaverse and Gaming are seeing renewed interest, with 24% of deal activity and $25 million raised, a significant jump from the one deal and $3m raised two weeks ago. As the bull market trend solidifies for liquid token markets, investors are beginning to get comfortable betting farther out on the risk curve on speculative, unproven models, hoping to be early to the next potential trend.

Funding by Category

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The video in this report is only accessible to members

Funding by Deal Stage

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The video in this report is only accessible to members

Deal of the Week

Portal, a Bitcoin-based startup focused on developing a cross-chain decentralized exchange and wallet, has successfully raised $34 million in seed ...

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