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 i...