dePIN & Gaming Popular in Quiet Week
Weekly Recap
Weekly funding fell 19% to $82 million, while the deal count was steady week-over-week at eighteen deals. Two categories were absent of funding this week, with CeFi and Web3 not tallying any deal flow. Of the three categories notching deals, Infrastructure made up 51% of funding and 50% of deal count. Gaming posted a strong week with four deals totaling $23 million in funding. From a deal stage perspective, seed rounds made up the majority of fundraising and deal count, comprising about half of both totals.
Almost halfway through Q3, funding levels remain suppressed compared to the first half of the year. Both Q1 and Q2 saw over $2 billion in funding and over 350 deals, while Q3 is on pace for about $1.5 billion and 300 deals, as the summer months typically represent the lowest quarter of the year. Similarly, Q3 2023 posted approximately $1.4 billion in funding, although with fewer deals (214).
Funding by Category
Funding by Stage
Deal of the Week
Andrena, an internet services company, raised $18 million in an extended Series A round led by Dragonfly Capital, with participation from ParaFi Capital, Wintermute, 6th Man Ventures, Robot Ventures, and others. The funding will be used to continue developing its decentralized autonomous w...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...
