Crypto projects raised $1.11B in September, up 85% from August

Crypto projects raised about $1.114 billion in September, up 85% from August, according to RootData. The total number of fundraising deals, however, fell to 47, down 4.1% from August and 25.4% from the same month last year. Funding was concentrated in CeFi, DeFi and infrastructure, with disclosed fundraising across those three sectors accounting for about 92% of September’s total. The top three deals alone made up 54.8% of total fundraising, led by Polymarket at $300 million, Félix at $200 million and Jeeves at $110 million. Kraken also raised $100 million from Nasdaq.

Source: Coinness