Interoperability Becoming a Major Focus
Mar 1, 2024
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Weekly Recap
Despite total deal count rising 33% to 36 deals, total fundraising fell almost 40% to $143 million. Only three projects raised over $10 million this week, and the average deal size was $6.5 million. Similarly to last week, funding was concentrated in Infrastructure and DeFi, together representing 95% of total fundraising and 81% of the deal count. CeFi continues to be an unpopular category, with just two deals in the last three weeks.
Seed rounds garnered the lion’s share of funding and deal flow, comprising 38% of fundraising and 19% of deal count. Seed rounds have been the domin...