Crypto fundraising sets new record of $3.5B in a single week

Crypto companies looking to raise funds set a new record, reaching $3.5 billion in a single week last week, before the market crashed on Friday.

Crypto fundraising reached an all-time high last week, with a record $3.5 billion raised across 28 funding rounds. 

Cryptorank data showed on Monday that weekly fundraising reached its highest point from Oct. 6 to 12, surpassing all previous peaks, including the nearly $3 billion raised from July 28 to Aug. 3. The surge came after seven consecutive weeks of sub-$1 billion fundraising activity, marking a sharp resurgence in investor confidence.

Over the last six months, weekly fundraising fluctuated between $150 million and $2.9 billion, underscoring the volatility of venture activity in the crypto space. October’s sudden surge represents a significant breakout. 

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