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...Unlock this article by joining our Community!
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WEEKLY RECAP Despite liquid crypto prices rising, private market funding remains lackluster thus far in Q4. Aggregate funding fell 29% week-over-week, decreasing from $155 million to $109 million, while deal count fell by over 31% from 22 to 15. Infrastructure was the leading category from both a financing and deal count perspective and included our Deal of the Week, Noble. The largest deal was Monkey Tilt, which raised $30 million...
WEEKLY RECAP Total funding has rebounded from last week’s abnormally low amount, increasing 251% from $44 million to $154 million. Infrastructure was the leading category, raising $99 million across 13 deals. This week’s largest deal fell into the Infrastructure bucket; 0G Labs, a former Deal of The Week, raised $40 million in a Seed round, bringing its total funding to $75 million. From a deal stage perspective, funding was concentrated...
WEEKLY RECAP Weekly funding sharply declined, falling 81% from $181 million to $35 million, with total deal count dropping 31% from 26 to 18. The decreases can potentially be attributed to projects foregoing announcements in light of a week filled with U.S. election headlines. 77% of funding fell into the Infrastructure bucket, totaling $27 million across seven deals. Similarly, funding was concentrated in Pre-Seed and Seed deal stages, collectively comprising...
WEEKLY RECAP Weekly funding increased 65% from $103 million to $170 million despite the deal count falling 15% from 26 to 22. Eight companies raised $10 million or more this week, in contrast to just 10 companies combined in the last two weeks. The bulk of funding was concentrated in the Infrastructure category, with projects raising $112 million across 12 deals. DeFi was the second most funded category, with $48...
