Fewer early-stage startup unicorns

Plus, where Insight Partners is investing billions

August 18, 2023 Hi, Agen. As the venture market has significantly slowed, so has the pace of minting young startups as unicorns, according to an analysis of Crunchbase data. Also, how Insight Partners is taking on AI. 👀 Early-stage unicorns are now a rare sight Only 18 of the new unicorns minted in 2023 joined The Crunchbase Unicorn Board after an early-stage funding round. That’s a sharp drop from the prior two years. The number of young startups to hit unicorn status quickly this year would be a lot lower, however, if it weren’t for two letters — AI. 💰 Insight Partners is investing massively in these areas of AI Insight Partners is tackling AI investments at three distinct layers: the modern data stack, machine-learning operations and generative AI applications. All told, it adds up to billions in investment to date, with billions more likely to follow. We talked with partner George Mathew about what’s next for the firm. Related Crunchbase Pro list: Insight Partners’ AI Portfolio 💻 HR tech falls out of favor with investors In 2021, investors were throwing wads of cash at HR-related startups that helped companies manage their remote workforces better. That infatuation has certainly worn off: the second quarter of 2023 was the slowest in the sector for venture dollars in three years, Crunchbase data shows. Related Crunchbase Pro list: Funding To VC-Backed HR Tech Startups 🌐 The Crunchbase Web3 Tracker Follow Web3 news and funding trends with our daily updated dashboard on startups and investment in the Web3, crypto and blockchain sectors, based on Crunchbase’s comprehensive data. Crunchbase ROI Calculator See the number of new accounts Crunchbase can add to your funnel with our advanced prospecting ROI calculator powered by Crunchbase data. Calculate Recent Investments Apollo $600M / Post-IPO Debt Apollo is an asset management firm that specializes in credit-oriented capital and real estate markets. Categories: Asset Management • Credit • Financial Services • Property Management • Real Estate Founders: Josh Harris, Marc Rowan FINEOS 35M AUD / Post-IPO Equity FINEOS is a global software company that offers technology solutions for the insurance industry. Categories: Consulting • Insurance • InsurTech • Software Founders: Michael Kelly DynamoFL $15M / Series A DynamoFL is an enterprise AI platform that provides regulatory-compliant AI for a fraction of the cost. Categories: Blockchain • Cryptocurrency • Information Technology Founders: Christian Lau, Vaikkunth Mugunthan Investors: Canapi Ventures (Lead), Nexus Venture Partners (Lead), Charu Jangid + 4 more More Fundings Company Amount / Round Lead Investor OneBlinc $100M / Debt Financing Clear Haven Capital Management Helm.ai $55M / Series C Freeman Group Lindus Health $18M / Series A Creandum Caden $15M / Series A Nava Ventures ThirdLove $12M / Debt Financing Second Avenue Capital Partners Ondas Networks $3.5M / Post-IPO Equity - South 8 Technologies Unknown / Venture Round Lockheed Martin Ventures All Recent Funding Activity Recent Acquisitions Ridout & Maybee Pending acquisition by Smart & Biggar-Fetherstonhaugh for 66M CAD More Acquisitions Company Acquired By Amount Stockspot Mirae Asset 28M AUD All Recent Acquisition Activity Upcoming Tech Events Blockchain Economy Summit London January 1 - 1, 2024 Blockchain Economy Summit is a blockchain conference network bringing together the key players of the crypto industry. Accelerator Deadlines Date Accelerator Location Aug 18, 2023 Alchemist Accelerator San Francisco Aug 25, 2023 Costarter Thunder Bay More Upcoming Deadlines Don’t see your event? Reach out to us at events@crunchbase.com. Discover innovative companies and the people behind them. 564 Market St, San Francisco, CA 94104 © 2023 Crunchbase Inc. All rights reserved. Privacy Policy | Terms of Service Unsubscribe from Crunchbase Daily.