Infrastructure Dominates August
Weekly Recap
Weekly totals in fundraising and deal count showed slight decreases week over week. Total funding fell 7% from $199 million to $185 million, and deal count dropped 11% from 27 to 24. Infrastructure has dominated the month of August, making up 65% of the month’s funding and comprising 70% of this week’s total. Gaming and DeFi made up the majority of the remaining funding, representing 14% and 11% of the total, respectively. The week's largest deal was an Infrastructure deal: Bridge, a stablecoin money movement platform, announced $58 million in total funding from Sequoia, Haun Ventures, Ribbit, and Index.
Among deal stages, Seed rounds were the leading category in terms of deal flow, with nine deals, and had the highest funding total of disclosed rounds, at $44 million. This week saw the first Series D investment round in over two years. Double Jump Tokyo raised $10 million in a Series D round led by SBI Investment. Double Jump Tokyo is a blockchain game development company, and the funding will be used to further develop and support blockchain games.
Funding by Category
Funding by Stage
Deal of the Week
Time.fun, a time tokenization platform, raised $3 million in a seed round led by Brevan Howard Digital, with participation fro...Reports you may have missed
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