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 enorm...Reports you may have missed
WEEKLY RECAP In the last full week of September, crypto funding rose 40% from $167 million to $233 million despite the deal count falling by almost half from 29 to 15 deals. This week was a relatively unique week for funding, 97% of funding and 93% of deals falling within the Infrastructure and DeFi categories. CeFi and Web3 saw no deal flow, and Gaming had just one deal for $6...
WEEKLY RECAP Weekly funding increased 67% from $100 million to $167 million, while the deal count rose a modest 8% from 26 to 28. Infrastructure was the clear winner this week, raising $110 million across 14 deals, representing two-thirds of total funding and half of the total deal count. There were two CeFi deals totaling $9 million in funding, which remains a laggard category, tallying only 55 deals so far...
WEEKLY RECAP Funding activity bounced back from last week’s muted totals, with total funding rising 44% from $67 million to $96 million and deal count increasing 56% from 16 to 25. DeFi was the leading category from both a fundraising and deal count perspective, raising $44 million across 11 deals. This week's largest deal was a DeFi investment – Huma Finance raised $28 million in a Series A round to...
