Personal AI and Crypto Converge
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 expand its PayFi network. Seed and Series A rounds were tied for the most funded deal stage, both totaling $28 million, although the number of Seed rounds outpaced Series A by seven deals. There was an increase in pre-seed funding rounds this week, with $21 million in funding across seven deals, including a $10 million round from PIN AI (DotW), representing the second-largest pre-seed round in 2024.
Funding by Category
Funding by Stage
Deal of the Week
PIN AI, an open platform for personal artificial intelligence, has raised $10 million in a pre-seed round from investors including a16z, Hack VC, Foresight Ventures, Alumni Ventures, and others. PIN AI is also backed by notable angel investors, including the founder of NEAR, the CEO of Mysten Labs (Sui), and the president of the Solana Foundation. PIN AI converges on AI and crypto by offering a priva...Reports you may have missed
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...
WEEKLY RECAP Weekly funding increased 65% from $103 million to $170 million despite the deal count falling 15% from 26 to 22. Eight companies raised $10 million or more this week, in contrast to just 10 companies combined in the last two weeks. The bulk of funding was concentrated in the Infrastructure category, with projects raising $112 million across 12 deals. DeFi was the second most funded category, with $48...
WEEKLY RECAP Total funding fell 49% week-over-week from $188 million to $95 million, and total deal count decreased modestly from 23 to 31. Infrastructure and DeFi were the two leaders in fundraising, accounting for approximately two-thirds of the total. The week's largest deal was a $15 million Series A round completed by Bluesky, a Web3 social network. Party Icons was the sole Gaming company that raised capital this week. They...
