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Fundraising Rounds by Stage in 2025
As of year-to-date, 1,179 funding rounds have been completed by Web3 projects. Notably, undisclosed and strategic rounds together account for approximately half of all deals in 2025.
This trend suggests that capital is increasingly being deployed through strategic partnerships and private allocations, rather than early-stage or publicly disclosed rounds, reflecting a maturing market and a more selective approach from investors.
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