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 three, creat...Unlock this article by joining our Community!
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