August Recap

Although funding fell approximately 15% from July’s total, August funding remained strong, totaling $820 million across 92 deals. Year-to-date funding is significantly ahead of 2024’s pace, reaching $7.5 billion thus far compared to $8.5 billion for all of 2024. August’s funding was heavily concentrated in Infrastructure, DeFi, and CeFi, which represented 93% of total funding and 91% of deal count. It was a strong month for Series B rounds, with seven rounds totaling $250 million. Series B led disclosed funding categories and included Rain’s $58 million raise led by Sa...