Strong September End
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 million. The week's largest deal was the Celestia Foundation (#TIA), raising $100 million from Bain Capital Crypto, marking the largest investment round since May. From a deal stage perspective, seed rounds were the most popular, representing 40% of the deal count and comprising 13% of funding. There was one token sale completed by Infinex, which raised $65 million via its NFT patron sale.
Funding by Category
Funding by Stage
Deal of the Week
Amino Chain, a layer-2 network and decentralized biobank, raised $5 million in a Seed round led by a16z, representing a16z’s first investment into the decentralized science (deSci) sector. The fresh capital brings Amino Chain’s total funding to $7 million. Amino Chain’s layer-2 network aims to connect worldwide inventories of bio-sample and research data, powering...Reports you may have missed
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