Binance’s Acquisition Spree Continues

in Crypto Funding Friday

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 …

CeFi and Infrastructure Remain Strong

December 16, 2022 in Crypto Funding Friday

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 …

DeFi Takes the Reins

December 9, 2022 in Crypto Funding Friday

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 …

Building Foundations

November 18, 2022 in Crypto Funding Friday

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 …

Infrastructure is King

November 11, 2022 in Crypto Funding Friday

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 …

Infrastructure and Gaming Lead the Way

November 4, 2022 in Crypto Funding Friday

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 …

Funding Pulls Back Once Again

in Crypto Funding Friday

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 …

Infrastructure & Web3 Maintain VC Attention

September 30, 2022 in Crypto Funding Friday

Compared to last week, funding has decreased $159 million from $474 million to $315 million, representing a 33% weekly decrease. Infrastructure continues to be a highlight of fundraising, accounting for almost a third of the total amount raised this week. Web3 was also a strong category this week, raising $51 million across four deals. Space and Time is tied for …

Prices are Down but Funding is Up

in Crypto Funding Friday

Funding increased from a slow week last week from $260M to $422M. As we’ve seen all month, crypto infrastructure remains the leading interest for VCs. Infrastructure accounted for nearly half of all funding at $208M and comprised 11 of the 24 deals this week. The largest of these infrastructure deals was Sardine, a platform that provides real-time fraud prevention services for …

Infrastructure Remains VC’s Focus

in Crypto Funding Friday

Funding was down this week, dropping from $607M to $241M, as total deals fell from 26 to 18. While infrastructure remained the highest funded sector at $158M, it declined nearly 68% from last week’s huge week. The only sector that saw an increase from last week was NFTs. This was due entirely to a $54M raise for Doodles, which puts the …