VCs Remain Focused on Infrastructure

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 receives $100M+ in funding each week. There were eight total infrastructure deals this week, the largest of which was Celestia Labs which raised $55M, putting it at a $1B valuati...