Weekly Recap

As expected, funding totals during the holidays were comparatively low. Both total funding and deal count fell by approximately 70%. There were 11 deals this week totaling $45 million in funding. All disclosed funding amounts fell into the Infrastructure and DeFi categories, while Web3 tallied two deals for undisclosed amounts. Infrastructure-led deal counts among categories (7), and there were no CeFi or Gaming deals to end the year. Funding was concentrated in Series A rounds with two $10 million investments into Usual and Avalon Labs (both DeFi). Although Q4 funding looked bleak...