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).