Weekly Recap

In the last full week of September, crypto funding rose 40% from $167 million to $233 million despite the deal count falling by almost half from 29 to 15 deals. This week was a relatively unique week for funding, 97% of funding and 93% of deals falling within the Infrastructure and DeFi categories. CeFi and Web3 saw no deal flow, and Gaming had just one deal for $6 million. The week's largest deal was the Celestia Foundation (#TIA), raising $100 million from Bain Capital Crypto, marking the largest investment round since May. From a deal stage perspective, seed rounds were the...