Funding Weekly Report | 5 publicly disclosed funding events: SignalPlus completes a $50 million Series B1 funding round at a $500 million valuation, led by HashKey Capital.
The number of monthly crypto venture capital deals fell to around 50 in May, the lowest level since 2021. Infrastructure and crypto financial services, two historically the most active categories, are both near multi-year lows.
➤ The crypto venture capital market saw a significant downturn in May, with deal volume hitting a multi-year low, shifting investor focus towards AI. ➤ Despite the overall slowdown, several RWA-focused platforms and infrastructure providers secured substantial funding, including SignalPlus ($50M) and XEFFY ($20M), indicating continued interest in RWA development. ➤ The report also highlights key acquisitions in the crypto space, such as Robinhood's purchase of WonderFi and Keyrock's acquisition of BlockFills, alongside institutional fundraises like Variant's $220M for AI and crypto investments.
