Funding Rebounds from Slow September Start
Sep 20, 2024
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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 this year.
There were 11 Seed rounds announced this week totaling $56 million, including our Deal of the Week, Hemi Labs. Two large-cap layer-1 networks received funding thro...