Web3 Funding Report
February 2025
7
Rounds
$273M
Total Raised
$39M
Avg Deal
4
Sectors
Top Deals
#1Ethena
StrategicDeFi
#2Nansen
Series BData
#3Avail
Series AInfrastructure
#4Hyperlane
Series AInfrastructure
#5Initia
Series AL1/L2
#6Initia
Series AInfrastructure
#7Term Labs
Series ADeFi
By Sector
By Round Type
5
Series A
1
Strategic
1
Series B
All Rounds (7)
EthenaStrategic
$100MNansenSeries B
$75MAvailSeries A
$43MHyperlaneSeries A
$19MInitiaSeries A
$14MInitiaSeries A
$14MTerm LabsSeries A
$8M