Weekly Recap

Funding fell 27% from $282 million last week to $206 million this week across 34 deals. Triple-digit funding seems to be the new normal, as there has been a notable uptick in the private market in recent weeks. Despite the overall increase in activity, there has been a lack of CeFi-related projects in recent weeks, with just one deal in each of the last two weeks. Agora was the singular CeFi deal this week, which raised $12 million in a seed round led by DragonFly Capital. Agora’s first product is a fully collateralized and freely tradable stablecoin. Agora was co-founded ...