Large Series A Rounds Fuel Funding Surge
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 was the second most popular deal stage, only behind Seed rounds, which saw one additional deal (6). The considerable Series A total was in large part to Chaos Labs (DotW) and Sahara Labs’ $55 million and $37 million rounds. Series A rounds have been becoming more commonplace in 2024 compared to 2023, with 80 Series A deals so far this year compared to 91 in all of 2023.
Funding by Category
Funding by Stage
Deal of the Week
Chaos Labs, an on-chain economic security protocol, raised, $55 million in a Series A round led by Haun Ventures. Other investors include F-Prime Capital, Slow Ventures, Spartan Capital, and others. The fresh funding round will fuel Chaos Lab...Reports you may have missed
WEEKLY RECAP Weekly funding showed a slight decrease, falling from $211 million to $199 million, while the total deal count increased 37% from 19 deals to 26. Infrastructure was the leading category, totaling $156 million in funding across 12 deals and making up over three-quarters of the total amount. DeFi was the second leading category, with $26 million in funding, including SatLayer, a Bitcoin restaking solution similar to EigenLayer. This...
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...
WEEKLY RECAP Total funding dropped 17% from $122 million to $101 million, while the deal count fell 36% from 28 to 18. Although totals were muted compared to the prior two weeks, this week had the highest average deal size, at $5.6 million. DeFi was the leading category from both a fundraising and deal flow perspective, raising $57 million across eight deals, including our Deal of the Week, Morpho Labs....
WEEKLY RECAP Weekly funding fell by 34% from $126 million to $83 million, while deal count rose approximately 22% from 18 to 22. Infrastructure was the leading category, totaling $51 million across nine deals and comprising 61% of total funding. CeFi logged its second consecutive week of two deals, including Caliza’s $8.5 million investment round supporting its mission to provide cross-border remittances leveraging stablecoins. Web3 and Gaming deal flow has...
