Weekly Recap

Only $4m in crypto funding was announced this week due to a combination of activity slowing down over the holidays and teams opting for undisclosed funding terms. Although funding fell from $68m last week, deal activity remained constant, with eight deals compared to the previous week’s nine. Infrastructure and Web 3 & NFTs were the two most funded categories, with three deals each. Two major emerging trends were visible in this week’s infrastructure deals: modularity and the evolving BTC ecosystem. Our deal of the week, Gelato, closed a Series A extension as they look...