Series A Funding Continues to Shine
Weekly Recap
Crypto funding was relatively unchanged week-over-week, with a 4% decrease to $138 million, while deal count saw a larger decrease, falling 29% to 25 deals. Infrastructure deals comprised 73% of total funding and Web3 and Gaming combined for 26%, with remaining categories making up the last 1%. As highlighted in our Q1 Funding Report, Series A funding has been a standout deal stage this year, and this week maintained the trend. There were five Series A rounds totaling $91 million, representing 20% of deals and 66% of funding. A notable token sale was completed by the Shiba Inu development team, raising $12 million from investors for rights to future TREAT tokens, which will be the native token of a privacy focused L3 built on top of Shibarium.
Funding by Category
Funding by Stage
Deal of the Week
Movement Labs, a blockchain development company leveraging Facebook’s Move language, raised $38 million in a Series A round led by Polychain Capital. Other investors included Hack VC, Maven 11, Nomad Capital, OKX Ventures, Aptos Labs, and others. Movement Labs is hoping to address blockchain security issues and scalability limitations via its Move-powered ZK L2. The funding will be used to hire top-tier talent across various business functio...Reports you may have missed
WEEKLY RECAP Weekly funding fell by 34% from $126 million to $83 million, while deal count rose approximately 22% from 18 to 22. Infrastructure was the leading category, totaling $51 million across nine deals and comprising 61% of total funding. CeFi logged its second consecutive week of two deals, including Caliza’s $8.5 million investment round supporting its mission to provide cross-border remittances leveraging stablecoins. Web3 and Gaming deal flow has...
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...