Funding Fridays

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...

WEEKLY RECAP Crypto funding remains elevated, below last week’s total of $301 million but ending the week at a robust $256m. Deal activity increased by two deals this week as 25 deals were announced. Infrastructure was the most common category, with ten deals closed and $58m raised. CeFi led the week in funding, with Swan’s $165 million raise notching the largest deal closed in the category this year. Unlike most...

WEEKLY RECAP Crypto funding ended November on a high note, tripling last week’s funding total, rising to $301 million. This marks the second week out of the last three that saw over $300 million in total funding. Throughout November, crypto firms raised approximately $904 million, representing the highest monthly figure since April. Similarly, November saw 87 different deals, the highest count since May. It is encouraging to see private market...