Funding Fridays

WEEKLY RECAP After two weeks of lackluster funding activity, there was a considerable rebound in both total fundraising and deal count. Total funding rose to $129 million, over 8x last week’s total, while deal count more than doubled. In addition to funding activity increasing, the average deal size increased to $8 million compared to $3 million last week. Four deals were in the $10-$25 million bucket, the highest count in...

WEEKLY RECAP In the final week of summer, crypto funding activity diminished. Total weekly funding fell to $16 million from $24 million the previous week. Deal count fell 25% to just 9 deals. Of the nine deals, both DeFi and Web3 & NFTs notched four deals. The Web3 & NFTs deals were slightly larger, totaling $9 million in investment compared to DeFi’s $5 million. A noticeable trend in the last...

WEEKLY RECAP Last week was a big week for funding, with $211 million raised by crypto companies. While a pullback was expected from these levels, given recent market sentiment, the magnitude of this pullback is telling. Only $24m in deals were closed this week, a nearly 90% drop in one week. Over half of the funds were raised by Anytype, which closed $13.4 million in an undisclosed round. Anytype calls...

WEEKLY RECAP Funding levels have rebounded significantly, rising nearly 4x from last week to reach $211m this week. Half of the funds raised came from industry veteran BitGo’s $100m series C round, our deal of the week. Web 3 & NFTs saw a significant jump in funds raised, with companies like ZTX and Port.3 looking to utilize blockchain technology for novel use cases. Infrastructure continues to be the main focus of investors, contributing $174m...

WEEKLY RECAP Funding levels remain muted, rising $9m from last week to $58m this week. Most funds raised came from the DeFi and Infrastructure verticals, with DeFi seeing a jump in interest since the previous few weeks. The largest raise of the week came from the DeFi category, with Liquid Staking provider Helio protocol receiving $10m from Binance labs to expand to Ethereum-based staking. There were also a few strategic...

WEEKLY RECAP Crypto funding seems to be on vacation as total funding fell on a weekly basis to $36 million compared to $157 million last week. Deal count followed suit, falling to a measly 7 deals, bringing total funding and deal count to their lowest weekly levels since the first week of 2023. Of the five deals with disclosed funding amounts, all fell within the $0-10 million range. Infrastructure was...

Crypto funding fell on a weekly basis to $153 million compared to $219 million last week. Notably, 10 of the 15 deals announced this week secured funding within the $0-$10 million range. This is significant because it continues a trend of crypto VCs increasingly allocating capital towards early-stage funding rounds and being more selective in later stages. Our team highlighted this trend in our Q2 2023 Crypto Fundraising Report. Infrastructure-related...

Funding has risen from $116m last week to $207m this week. Most funds raised came from the Infrastructure and Web3 & NFTs verticals, both of which saw larger deals being closed compared to last week. The largest raise of the year so far among Web3 &NFTs closed this week, with Futureverse raising $54m in a Series A to build a platform to enable the creation of interoperable content and applications....

KEY SLIDES FROM THIS REPORT... QUARTERLY FUNDING (SLIDE 4) YTD VENTURE FUNDING (SLIDE 5) DEAL VERTICAL SUMMARY (SLIDE 7) DEAL STAGE SUMMARY (SLIDE 8)

Funding declined slightly this week from $105M last week to $82M this week. Interestingly, the vast majority of funding this week came from the Web3 & NFTs vertical, which saw funding increase from just $3M last week to $56M this week, with five of the fourteen deals this week. Infrastructure had the second highest funding at $25M, while other sectors such as DeFi and CeFi received no funding. Most deals...

Crypto funding rose on a weekly basis to $103 million compared to $81 million last week. Metaverse & Gaming and CeFi were the two strongest categories this week, accounting for 47% and 32% of total funding, respectively. This week’s average deal size was $7.9 million, exceeding the previous two weeks and ending the month on a strong note. Metaverse & Gaming also led the week in deal count, with six...