Best Month of Funding in a Year
Weekly Recap
Despite a short week in observance of Good Friday, weekly funding rose 17% from $228 million to $268 million across 31 deals. March funding totaled $960 million (with three days remaining), representing the highest figures since March ’23. Monthly deal count has reached 142 thus far, similarly marking the highest tally since 2022. Gaming companies had a strong week of funding, raising $114 million, being slightly edged out by Infrastructure which garnered $121 million. Seed rounds continue to be the most popular deal stage, comprising 24% of weekly funding and 32% of the deal count.
Although not included in the numbers below, there was a notable merger announcement this week between Fetch.AI ($FET), SingularityNET ($AGIX), and Ocean Protocol ($OCEAN). Mergers are not commonplace across crypto protocols, but the three have agreed in principle to merge into an “Artificial Superintelligence Alliance,” creating one token (ASI) encompassing all three protocols. ASI will launch with an FDV of $7.5 billion, as of prices at the time the announcement. Fetch.ai is an open platform for the new AI economy, SingularityNET is focused on decentralized AI, and Ocean is a decentralized data marketplace. Combining all three should realize multiple synergies across the thr...Reports you may have missed
WEEKLY RECAP In the final week of Q2, crypto funding bounced back, rising 64% from $78 million to $128 million, while deal count rose modestly from 18 to 20. The funding total was dominated by Infrastructure, which comprised 88% of the total and also made up 55% of the total deal count. CeFi broke its streak of two weeks with no deal flow with a singular Series A round completed...
WEEKLY RECAP Private funding was suppressed as we enter the summer season, with total funding dropping 43% week-over-week to $66 million and deal count decreasing 52% to 15 deals. Infrastructure still took the top spot from a funding perspective, totaling $31 million across three deals, including Sonic, our Deal of the Week. DeFi tallied the most deals (6) and had the second most funding across categories ($24m). CeFi had its...
WEEKLY RECAP This week’s $113 million in funding was less than half of last week’s $242 million, although the deal count showed a more modest 17% drop to 30 deals. Infrastructure continues to be the most popular investment category. Infrastructure’s $66 million in funding was stapled by Nexus Labs and Nuffle Labs’ $25 million and $13 million respective investment rounds. After tallying a few deals in the previous two weeks,...
WEEKLY RECAP Weekly funding fell by almost 50% to $182 million, while the deal count fell by about a third to 23. The Infrastructure category led both funding and deal count, bolstered by Avail’s $47 million Series A round. CeFi saw $26 million in funding, including XREX’s $18.75 million strategic round with Tether. XREX will use the funding to help facilitate regulatory-compliant cross-border payments using USDT. Gaming had the second...
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