Funding Rebounds
Aug 18, 2023
• 4
Min Read
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 of the total $211m raised. DeFi deals fell substantially, with only $7m raised in one deal, as investors favored infrast...Finish reading this report for free
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