Metaverse & Gaming Sector Revives
Weekly Recap
Momentum has continued after last week’s rebound in funding, with both deal count and total funding at similar levels. Total funding dropped $13m but still reached a robust $116m, while deal count stayed level with last week at 22 deals. Metaverse & Gaming is resurging after only three deals were announced for the category in August. These start-ups raised $31m in four deals, half of which came from anime gaming company Pahdo Labs, one of our selected deals. CeFi companies also raised $31m between three deals, including our deal of the week, Flashwire. These companies are focused on building Web3 financial services for both retail and institutions. Last year’s implosions of major CeFi players left investors hesitant to invest in space after news emerged that many of the most prominent players had fraudulent practices. This gap may be creating opportunities for companies willing to operate more ethically.
Funding by Category
Funding by Deal Stage
Deal of The Week
This week's Deal of the Week is Flashwire Group, which raised $10 million in a Series A round from institutional investors in the crypto industry, including Legend Trading, Cobo, GATE.io, VeChain, CyberX, SuperChain Capital, and more. Flashwire looks to bridge the gap b...Reports you haven't read
WEEKLY RECAP Crypto funding rose 59% week over week from $85 million to $135 million, while deal count held steady at 21 total deals. DeFi was the most funded category from both a fundraising and deal count perspective, raising $70 million across eight deals, including a $14 million strategic round completed by Ethena Labs and led by Dragonfly Capital. Ethena is striving to create a yield-bearing synthetic dollar by leveraging...
WEEKLY RECAP Crypto funding cooled to $85 million this week, the first sub-$100 million week since the start of 2024. Funding was relatively evenly distributed across the DeFi, CeFi, and Infrastructure categories, totaling approximately 85% of the fundraising, while Web3 and Gaming only comprised about 15%. Deal count fell 28% from 29 to 21. DeFi was the most popular category from a deal count perspective, tallying eight deals and representing...
WEEKLY RECAP Total funding fell 29% week-over-week from $221 million to $158 million, while deal count rose about 14% from 22 to 25. This week marks the third consecutive week with triple-digit total funding and over 20 deals, potentially signaling increasing appetite in the private market. Infrastructure and CeFi were the leading categories, raising $76 million and $50 million, respectively. CeFi deals struggled in 2023 but have been a strong...
Articles Read 1/1
🎁 Unlock 1 extra article by joining our Community!
You’ve reached your limit of 1 free monthly articles. Please enter your email to unlock 1 more articles.
Already have an account? Sign In 317d40-6feafd-b795a9-db6ccd-fc0f0f
Already have an account? Sign In 317d40-6feafd-b795a9-db6ccd-fc0f0f
