Funding Declines During Election Week

Nov 8, 2024 • 4 Min Read

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 82% of funding and 39% of total deal count. A-WORLD, a web3 game built on BNB Chain, represented the sole Series A round announced ...

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