Web3 Funding Report
May 2024
8
Rounds
$597M
Total Raised
$75M
Avg Deal
5
Sectors
Top Deals
#1Farcaster
Series ASocial
#2Farcaster
Series ASocial
#3Eigenlayer
Series BInfrastructure
#4Babylon
Series AInfrastructure
#5Babylon
Series BBitcoin
#6Polymarket
Series BPrediction Markets
#7Botanix Labs
SeedL1/L2
#8Allora Network
SeedInfrastructure
By Sector
Social2 rounds
$300M
Infrastructure3 rounds
$173M
Bitcoin1 rounds
$70M
Prediction Markets1 rounds
$45M
L1/L21 rounds
$9M
By Round Type
3
Series A
3
Series B
2
Seed
All Rounds (8)
FarcasterSeries A
$150MFarcasterSeries A
$150MEigenlayerSeries B
$100MBabylonSeries A
$70MBabylonSeries B
$70MPolymarketSeries B
$45MBotanix LabsSeed
$9MAllora NetworkSeed
$3M