Slow Start for September
Weekly Recap
Funding totals were low in a short week following the Labor Day holiday. Total funding fell by 66% from $193 million to $67 million, while total deal count fell 47% from 30 to 16. Only three categories tallied disclosed funding this week, with Gaming being the leader at $39 million. Infrastructure was the leader from a deal count perspective, with five deals comprising 31% of the total. There were two DeFi deals, including one from Pencils Protocol, valuing the token auction and yield optimization protocol at $80 million. Series A rounds led deal stage categories with $21 million in funding across three deals. Additionally, there were two token sales completed by Onocoy and CryptoHunter World, totaling $4 million in fundraising.
Funding by Category
Funding by Stage
Deal of the Week
Hypernative, a blockchain security platform, raised $16 million in a Series A round led by Quantstamp. Other investors include Borderless capital, CMT Digital, Re7 Capital, and others. The funding will be used to expand into new security stack verticals and allow Hypernative to expand globally, grow its team, and establish real-time monitoring and response as a standard security practice.
Why is This Deal of the Week?
Hacks and exploits remain an enormous problem across crypto, with more than $2 ...Unlock this article by joining our Community!
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