Funding Fridays

WEEKLY RECAP Despite total deal count rising 33% to 36 deals, total fundraising fell almost 40% to $143 million. Only three projects raised over $10 million this week, and the average deal size was $6.5 million. Similarly to last week, funding was concentrated in Infrastructure and DeFi, together representing 95% of total fundraising and 81% of the deal count. CeFi continues to be an unpopular category, with just two deals...

WEEKLY RECAP Crypto funding surged 72% to $234 million from $136 million, while deal count rose 14% to 25 deals. Infrastructure was the clear winner this week, largely due to Eigen Labs' $100 million fundraising round led by Andreessen Horowitz (DotW). The $100 million round is tied for the largest deal in 2024. For three consecutive weeks, funding and deal counts have primarily been concentrated in Infrastructure and DeFi deals,...

WEEKLY RECAP Crypto funding rose 59% week over week from $85 million to $135 million, while deal count held steady at 21 total deals. DeFi was the most funded category from both a fundraising and deal count perspective, raising $70 million across eight deals, including a $14 million strategic round completed by Ethena Labs and led by Dragonfly Capital. Ethena is striving to create a yield-bearing synthetic dollar by leveraging...

WEEKLY RECAP Crypto funding cooled to $85 million this week, the first sub-$100 million week since the start of 2024. Funding was relatively evenly distributed across the DeFi, CeFi, and Infrastructure categories, totaling approximately 85% of the fundraising, while Web3 and Gaming only comprised about 15%. Deal count fell 28% from 29 to 21. DeFi was the most popular category from a deal count perspective, tallying eight deals and representing...

WEEKLY RECAP Total funding fell 23% week-over-week from $159 million to $123 million, while the deal count remained constant at 29. This is the fourth week of triple-digit funding and over 20 deals, and the second in a row with nearly 30 deals, confirming private markets activity is trending higher. DeFi and Infrastructure were the leading sectors for funding, accounting for almost one-third of all deal activity each. Investors are...

WEEKLY RECAP Total funding fell 29% week-over-week from $221 million to $158 million, while deal count rose about 14% from 22 to 25. This week marks the third consecutive week with triple-digit total funding and over 20 deals, potentially signaling increasing appetite in the private market. Infrastructure and CeFi were the leading categories, raising $76 million and $50 million, respectively. CeFi deals struggled in 2023 but have been a strong...

WEEKLY RECAP Crypto private markets have seen a flurry of activity the past two weeks, with 45 deals announced, raising $329m. Deal activity fell to 19 deals this week, down from last week’s 26. Funding doubled to $221m from $107m the prior week. Nearly half the funding this week came from Hashkey Group, which raised $100m at a hefty $1.2bn valuation. Haskey is a major digital assets financial services provider...

KEY SLIDES FROM THIS REPORT SLIDE 3: CRYPTO FINANCING HISTORY SLIDE 7: DEAL VERTICAL SUMMARY SLIDE 8: DEAL STAGE SUMMARY

WEEKLY RECAP Only $4m in crypto funding was announced this week due to a combination of activity slowing down over the holidays and teams opting for undisclosed funding terms. Although funding fell from $68m last week, deal activity remained constant, with eight deals compared to the previous week’s nine. Infrastructure and Web 3 & NFTs were the two most funded categories, with three deals each. Two major emerging trends were...

WEEKLY RECAP After multiple weeks of total funding near $300 million, things have cooled slightly, with this week’s total falling to $155 million across 19 deals. Metaverse & Gaming was the leading category due to a $100 million fundraise by MapleStory Universe, our Deal of the Week. Infrastructure was the most popular category from a deal count perspective, tallying eight deals totaling $14 million. Seed rounds were the most common...

WEEKLY RECAP Crypto funding remained elevated for the third consecutive week, totaling $271 million, a slight drop from last week’s $289 million. The most funded category was Web3 and NFTs, largely due to a $140 million round closed by Line Next, the Web3 unit of the Japanese messaging app Line. Crescendo Equity Partners, a Peter Thiel-backed private equity firm, led the investment round. Infrastructure was the most popular category from...