Monthly Recap

February showed a modest increase in funding amount and deal count compared to January. Total funding rose 7% to $1 billion, and deal count increased 8% to 116 deals. Infrastructure was the leading category, with $388 million raised across 58 deals. CeFi has had its third consecutive month of nine-figure investment with less than 10 deals. The largest raise in February was a $200 million undisclosed round completed by Figure (CeFi), a consumer lending company founded by former SoFi executive Mike Cagney. Most of Figure’s business is via traditional consumer lending products, but...