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...