Crypto Research

Funding dropped considerably this week, falling to $26m from $503 million last week. Infrastructure deals led funding with 42% of the capital raised. All the fundraising this week was in the seed round stage. The largest deal raised was a $7.8 million seed round by Revel, an NFT minting and trading marketplace. While NFT volume has fallen off a cliff since the high levels of activity seen late last year,...

Funding saw a notable increase this week, rising to $503 million from $73 million last week. CeFi and Infrastructure made up the large majority of capital raised, representing 60% and 31%, respectively. The largest deal this week was a $300 million Series C deal raised by Amber Group. Amber Group is a digital asset trading platform, and they raised capital in order to increase the company’s health following the collapse...

Funding saw a sharp decrease this week as we progress through the final month of the year. This week's fundraising total was $57 million compared to $198 million last week. DeFi was the bright spot in the lackluster week, representing 37% of all fundraising. A trend is emerging around decentralized trading platforms. Perennial, a cash-settled derivatives protocol, and Panoptic, a perpetual options protocol, represented two of the three DeFi deals...

Today we are covering both this week and last week due to Thanksgiving last Thursday. Not surprisingly, funding was low last week during the holiday and amid the FTX insolvency. Funding decreased from $280M the week of 11/18 to just $41M last week. However, we’re seeing funding starting to bounce back this week – increasing from $41M to $196M. Like we’ve seen most of the year, much of this funding...

Funding saw an uptick this week, with the total amount rising to $280 million from $242 million last week. Infrastructure had a dominant week, comprising nearly 87% of all dollars raised. Most funding came from a $200 million Series C round by Matter Labs (this week’s deal of the week). The next largest deal was a $28 million deal by Arkon Energy. Arkon Energy is a data center infrastructure and...

Funding was on par with last week’s levels, with the total amount rising modestly to $224 million from $222 million. Infrastructure deals claimed the lion’s share of deals and amount raised, representing 36% of deals and 71% of total funds raised. The majority was raised via two $70 million deals from Ramp and TRM Labs. Ramp Network is a crypto payments solution looking to make purchasing cryptocurrencies easily available via...

This week, funding increased to $191 million from a measly $105 million last week. The bulk of fundraising came from the infrastructure and gaming sectors. Infrastructure has been the strongest category for most of the year, but gaming saw a notable increase, rising to $51 million from $15 million last week. Other categories, such as NFTs, Web3, DeFi, and CeFi have been consistent with the amounts raised over the previous...

Funding this week fell once again, dropping from $191M to just $105M. Surprisingly, the bulk of this decline came from the infrastructure segment, which has generally been strong this year. Infrastructure funding fell from $142M to $35M, but still saw a fair number of deals, with seven of this week’s 17 deals being infrastructure-related. It’s important to note that the financing amount for two of the infrastructure deals this week...

Funding pulled back this week, declining from $659M to $191M, with the number of deals declining from 24 to 18. Once again, infrastructure was the most heavily funded segment of the week – receiving nearly 75% of all funding at $142M. One of the most notable trends this year has been how, although crypto prices have declined, VCs are not slowing down on their crypto infrastructure investments. The segment typically...

Funding was the highest it’s been in months, shooting up from $160M last week to $659M this week. Not surprisingly, the bulk of this funding ($416M) came from infrastructure, which has been the strongest segment for most of 2022. Nine of this week’s 24 deals were infrastructure, the two standouts being Homa and Copper Technologies, which raised $100M and $196M, respectively. Interestingly, DeFi accounted for $216M of funding this week,...

Funding for this week has seen a dramatic decrease compared to last week. Total funding fell 53% to $154 million compared to $328 million last week. Web3 was the winning category of funding deals representing 75% of all capital raised, breaking the pattern of infrastructure being the dominant category over the prior two weeks. Horizon Blockchain Games tied for the largest deal this week, raising $40 million in a Series-A deal....