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...Unlock this article by joining our Community!
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