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 Crypto funding rose 60% week-over-week from $145 million to $232 million, while total deal count decreased 7% from 29 to 27. CeFi was the leading funding category, totaling $145 million across three deals and comprising 63% of all funding. The total was bolstered by Public’s $130 Series D round, representing only the second Series D round in 2024. Although CeFi has been a laggard category all year, three...
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...
