Key Month-on-Month Metrics



Total funding fell to $2,143.3M in July from $2,424.1M in June, a $280.8M month-over-month decrease, against $2,669.9M in July 2025. The number of rounds moved to 59 from 53, and median round size to $8.0M from $8.5M. Unique investors rose to 178 from 167.

By sector, AI led with 12 (+6.6 against its 12-month baseline), DeFi 9 (-5.1), L1 6 (+3.2).


Jun 26Jul 26MoM
# of rounds5359▲11.3%
Med. Round size (MM)8.58.0▼-5.9%
Unique investors167178▲6.6%
Round Med. # investors3.03.00.0%

Investment amount MoMJun 2026 2,424.1, Delta -280.8, Jul 2026 2,143.30.0500.01,000.01,500.02,000.02,500.0Investment amount MoM2,424.1Jun 2026-280.8 (-12%)Delta2,143.3Jul 2026
Investment amount Last YearJul 2025 2,669.9, Delta -526.6, Jul 2026 2,143.30.0500.01,000.01,500.02,000.02,500.03,000.0Investment amount Last Year2,669.9Jul 2025-526.6 (-20%)Delta2,143.3Jul 2026
Investment amount (MM)2026: Aug 2025 1,905.7, Sep 2025 3,246.4, Oct 2025 3,886.2, Nov 2025 2,599.3, Dec 2025 815.4, Jan 2026 1,496.1, Feb 2026 895.2, Mar 2026 2,557.8, Apr 2026 1,812.6, May 2026 2,532.9, Jun 2026 2,424.1, Jul 2026 2,143.3; 2025: Aug 2025 641.6, Sep 2025 659.3, Oct 2025 857.2, Nov 2025 842.4, Dec 2025 1,579.8, Jan 2026 1,271.3, Feb 2026 1,016.2, Mar 2026 3,557.1, Apr 2026 1,395.8, May 2026 628.7, Jun 2026 2,519.1, Jul 2026 2,669.9Investment amount (MM)202620250.01,000.02,000.03,000.04,000.0Aug 2025: 1,905.7Sep 2025: 3,246.4Oct 2025: 3,886.2Nov 2025: 2,599.3Dec 2025: 815.4Jan 2026: 1,496.1Feb 2026: 895.2Mar 2026: 2,557.8Apr 2026: 1,812.6May 2026: 2,532.9Jun 2026: 2,424.1Jul 2026: 2,143.3Aug 2024: 641.6Sep 2024: 659.3Oct 2024: 857.2Nov 2024: 842.4Dec 2024: 1,579.8Jan 2025: 1,271.3Feb 2025: 1,016.2Mar 2025: 3,557.1Apr 2025: 1,395.8May 2025: 628.7Jun 2025: 2,519.1Jul 2025: 2,669.9AugSepOctNovDecJanFebMarAprMayJunJul
Median round size (MM)2026: Aug 2025 6.8, Sep 2025 7.0, Oct 2025 8.1, Nov 2025 7.0, Dec 2025 5.3, Jan 2026 8.2, Feb 2026 4.4, Mar 2026 8.0, Apr 2026 5.0, May 2026 8.0, Jun 2026 8.5, Jul 2026 8.0; 2025: Aug 2025 5.0, Sep 2025 5.0, Oct 2025 6.0, Nov 2025 5.3, Dec 2025 4.1, Jan 2026 5.0, Feb 2026 5.0, Mar 2026 5.0, Apr 2026 8.0, May 2026 5.0, Jun 2026 5.1, Jul 2026 10.0Median round size (MM)202620250.02.04.06.08.010.0Aug 2025: 6.8Sep 2025: 7.0Oct 2025: 8.1Nov 2025: 7.0Dec 2025: 5.3Jan 2026: 8.2Feb 2026: 4.4Mar 2026: 8.0Apr 2026: 5.0May 2026: 8.0Jun 2026: 8.5Jul 2026: 8.0Aug 2024: 5.0Sep 2024: 5.0Oct 2024: 6.0Nov 2024: 5.3Dec 2024: 4.1Jan 2025: 5.0Feb 2025: 5.0Mar 2025: 5.0Apr 2025: 8.0May 2025: 5.0Jun 2025: 5.1Jul 2025: 10.0AugSepOctNovDecJanFebMarAprMayJunJul
Most active investors (# of deals)Coinbase Ventures 5, Becker Ventures 3, Selini Capital 2, Castle Island Ventures 2, MH Ventures 2, Animoca Brands 2, Hack VC 2, Amber Group 2, Titans Ventures 2, Ripple 2, Variant 2, Nascent 2, Lattice 2, QED Investors 2, TBVentures 2, Circle Ventures 2, Dragonfly Capital 2, Tether 2, SBI Holdings 2, Radical Ventures 2Most active investors (# of deals)0246Coinbase Ventures5Becker Ventures3Selini Capital2Castle Island Ven...2MH Ventures2Animoca Brands2Hack VC2Amber Group2Titans Ventures2Ripple2Variant2Nascent2Lattice2QED Investors2TBVentures2Circle Ventures2Dragonfly Capital2Tether2SBI Holdings2Radical Ventures2
Most active sectors (# of deals)AI 12, DeFi 9, L1 6, Infrastructure 5, Payments 5, Prediction Market 3, RWA 3, Stablecoin Infrastructure 3, Centralized Exchange 2, CeFi 1, NFT 1, Meme 1, Stablecoin 1, Supply Chain 1, Banking 1, L2 1, Cybersecurity 1, Analytics 1, Mining 1Most active sectors (# of deals)051015AI12DeFi9L16Infrastructure5Payments5Prediction Market3RWA3Stablecoin Infras...3Centralized Exchange2CeFi1NFT1Meme1Stablecoin1Supply Chain1Banking1L21Cybersecurity1Analytics1Mining1

Largest investments

Crypto.com announced a round of 400,000,000 on 16 Jul 2026. Investors: Citadel Securities. Crypto.com is a cryptocurrency exchange and digital asset platform offering trading, custody, payments, tokenized assets, and derivatives

Ionic Digital announced a round of 400,000,000 on 02 Jul 2026. Investors: Oaktree Capital Management, Sachem Head Capital Management, Attestor. Ionic Digital is a Bitcoin mining and AI infrastructure company that operates power and data-center assets for mining, AI, and high-performance computing

Augustus announced a round of 180,000,000 on 21 Jul 2026. Investors: Tiger Global Management, QED Investors, Hummingbird Ventures. Augustus is an AI-native digital banking and crypto infrastructure platform for AI companies, digital asset firms, and financial institutions. It provides deposits, lending, stablecoin issuance, payments, and institutional banking services alongside on-chain asset management and automated risk infrastructure

Alpaca announced a round of 135,000,000 on 16 Jul 2026. Investors: Peak XV Partners, Elefund, Opera Tech Ventures, Unbound. Alpaca is an API platform for commission-free trading of stocks, options, and cryptocurrencies. It provides trading, brokerage, and market data APIs for fintechs, algorithmic traders, and financial institutions, with real-time data, low-latency execution, and secure custody infrastructure

Prime Intellect announced a round of 130,000,000 on 08 Jul 2026. Investors: Radical Ventures, Nvidia, Intel Capital, Dell Capital. Prime Intellect builds AI training/inference/compute infrastructure (especially agentic RL and continual learning stacks)



Credits and Disclaimers


Data Source: The data presented in this report is sourced from DefiLlama's funding rounds database. We acknowledge and appreciate their work in providing valuable insights into the web3 funding landscape. Issues up to and including March 2026 were compiled from Token Terminal and Crunchbase; the whole series has since been restated on a single source so that figures are comparable across months. Methodology: The rounds included are those DefiLlama records as web3 fundraising, categorised by its own sector taxonomy. Each round is counted once, in the month it was announced. Where a round names several investors, each is counted once per round for the purposes of the investor ranking, and a round may appear under only one sector. A note on valuation: earlier issues reported a median round valuation. Fewer than one round in ten discloses a valuation, so that median rested on a handful of observations each month and moved on sampling noise rather than on the market. It has been withdrawn rather than reported with a precision the data cannot carry. Median round size, which is disclosed for almost every round, is reported in its place. Accuracy Disclaimer: While every effort has been made to ensure the accuracy of the information presented in this report, FinDaS does not guarantee the completeness, accuracy, or reliability of the data. Users are advised to independently verify the information before making any business decisions based on the content of this report. Potential Bias Notice: It is important to note that the data provided in this report may exhibit biases, primarily towards fundraising activities supported by large investors and deals in the United States. Since the majority of pure token sales are largely unregistered, this report is likely to underrepresent them. This bias is inherent to the data source and may not fully represent the global web3 funding landscape. Users are encouraged to consider this limitation when interpreting the findings. Copyright Notice: This report is the intellectual property of FinDaS and is protected by copyright law. Unauthorized reproduction, distribution, or sharing of this report, in whole or in part, without the explicit permission of FinDaS is strictly prohibited. All rights reserved. No Endorsement: The inclusion of specific companies, trends, or analyses in this report does not constitute an endorsement by FinDaS. The purpose of this report is to provide information and insights, and users are encouraged to conduct their own due diligence before relying on the contents for business decisions. Limitation of Liability: FinDaS shall not be held liable for any errors, omissions, or inaccuracies in the data presented in this report, nor for any actions taken in reliance thereon. Users of this report assume full responsibility for their interpretation and use of the information contained herein. Changes to the Report: FinDaS reserves the right to modify, update, or withdraw this report at any time without prior notice. Users are advised to only access the latest version of the report available on the FinDaS website.