Large Series A Rounds Fuel Funding Surge
Aug 16, 2024
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Weekly Recap
Weekly funding saw a notable increase from $82 million to $202 million, a 147% increase, while this week’s deal count was roughly in-line with the previous two weeks, notching 17 deals compared to 18. Infrastructure was the leading category in terms of fundraising, making up approximately two-thirds of the total with $137 million. CeFi was the next most funded category at $40 million, with the two companies receiving funding (Sling & WSPN), both being centered around stablecoin payments.
Series A rounds received $128 million in funding, making up 63% of the total, and...