Weekly Recap

Funding through the first week of March was strong, rising 10% from $162 million to $177 million. Total deal count fell 23% but was still impressive, with 31 deals. Infrastructure remains the dominant category, representing 85% of total fundraising and 61% of the deal count. DeFi tallied 26% of the deal count this week, including a $4.5 million strategic round by Blackwing, a modular blockchain for liquidation-free leverage trading. A variety of deal stages saw activity this week, with four stages tallying three or more deals. Although deal count was dispersed, 69% of funding...