New CeFi Entities Emerging

May 10, 2024 • 4 Min Read

Weekly Recap

Total funding rose 58% this week from $128 million to $203 million, while total deals ticked up to 29 compared to last week’s 26. Infrastructure was the dominant category, representing 64% of funding and 55% of deal count. There were five CeFi deals this week (including our DotW), one of the higher totals for the category in recent weeks. Seed rounds amassed a staggering $92 million in funding across 13 deals, with an average deal size of $7.1 million. For comparison, the average deal size across all 2023 Seed rounds was $5.6 million, potentially signaling increased appetite for ...

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