April Recap

Monthly funding rose 31% from $840 million in March to $1.1 billion in April despite the deal count falling 25% from 106 to 80. April represented the highest monthly funding total going back to November 2022, helped by two nine-figure deals from Auradine and ZenMEV, representing about 27% of total funding. Infrastructure was the leading category, accumulating $639 million in funding across 41 deals, representing over half of all funding activity. From a deal stage perspective, Seed rounds were the most popular with 23 deals totaling $154 million in funding, comprising 29% of al...