Infrastructure & DeFi Remain VC Favorites
Weekly Recap
Weekly funding decreased 25% from $209 million to $157 million, and the total deal count declined 19% from 32 to 26 deals. DeFi was the most funded category this week, anchored by Polymarket’s $45 million Series B round, the largest fundraise of the week. Infrastructure was not far behind, totaling $61 million across eight deals. As we begin to approach the end of 1H 2024, Infrastructure and DeFi have been the two consistent leaders in both funding and deal counts thus far. Infrastructure deals have comprised 53% of 2024 funding and 40% of all deals, while DeFi has marked 15% of funding and 27% of deals.
Seed rounds garnered the most investment this week, totaling $66 million, including Humanity Protocol’s $30 million round (DotW), which is comparatively large to historical seed rounds. The investment round also granted Humanity unicorn status, representing the sixth company in 2024 to achieve a valuation of over $1 billion.
Funding by Category
Funding by Stage
Deal of the Week
Humanity Protocol, a zero-knowledge powered decentralized identity project, raised $30 million in a seed round led by Kingsway Capital, with participation from Animoca Brands, Blockchain.com, Shima Capital, ...Reports you may have missed
WEEKLY RECAP Despite liquid crypto prices rising, private market funding remains lackluster thus far in Q4. Aggregate funding fell 29% week-over-week, decreasing from $155 million to $109 million, while deal count fell by over 31% from 22 to 15. Infrastructure was the leading category from both a financing and deal count perspective and included our Deal of the Week, Noble. The largest deal was Monkey Tilt, which raised $30 million...
WEEKLY RECAP Total funding has rebounded from last week’s abnormally low amount, increasing 251% from $44 million to $154 million. Infrastructure was the leading category, raising $99 million across 13 deals. This week’s largest deal fell into the Infrastructure bucket; 0G Labs, a former Deal of The Week, raised $40 million in a Seed round, bringing its total funding to $75 million. From a deal stage perspective, funding was concentrated...
WEEKLY RECAP Weekly funding sharply declined, falling 81% from $181 million to $35 million, with total deal count dropping 31% from 26 to 18. The decreases can potentially be attributed to projects foregoing announcements in light of a week filled with U.S. election headlines. 77% of funding fell into the Infrastructure bucket, totaling $27 million across seven deals. Similarly, funding was concentrated in Pre-Seed and Seed deal stages, collectively comprising...
WEEKLY RECAP Weekly funding increased 65% from $103 million to $170 million despite the deal count falling 15% from 26 to 22. Eight companies raised $10 million or more this week, in contrast to just 10 companies combined in the last two weeks. The bulk of funding was concentrated in the Infrastructure category, with projects raising $112 million across 12 deals. DeFi was the second most funded category, with $48...
Articles Read 1/1
🎁 Unlock 1 extra article by joining our Community!
You’ve reached your limit of 1 free monthly articles. Please enter your email to unlock 1 more articles.
Already have an account? Sign In 8b48a5-c3607f-3c6d24-823e96-2a0b89
Already have an account? Sign In 8b48a5-c3607f-3c6d24-823e96-2a0b89