Building Foundations

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 Bitcoin mining company focused on renewable and sustainable energy. The $28 million deal will be used to expand its mining capacity during a time when traditional mining companies are struggling to ...