Friday, 1 September 2023

Sustainable seafood reels in funding

Plus, VCs need to get ahead of the pack

September 1, 2023

Hi, Agen. What’s a seafood lover to do? With the climate and overfishing playing havoc with the world’s fisheries, and cell-based seafood looking years away from mass-market readiness, consumers (and VCs) are considering (and funding) improvements to the fish-farming sector and gambling big that alternative protein seafood will one day taste good.

🐟 Fish farming startups net funding

The troubled state of the seafood industry may help explain why there’s been capital flowing to startups aiming to improve on the status quo. Seafood-related startups funded in the past couple years have collectively raised nearly $3 billion to date, per Crunchbase data.

Related Crunchbase Pro list: Seafood-Related Startups Funded In The Past 2 Years

⏱️ Legendary deals wait for no investor

Over the next six to 24 months, we’ll see many of the best venture deals get made, writes Marc Schröder of early-stage investment firm MGV, and that means deploying capital right before the market has directional consensus.

🤖 Another generative AI company lands big raise

Google and Nvidia are among the investors in the round, just the latest huge raise in the AI space. The $155 million in additional capital will be used by the startup to grow its text-based generative AI services for enterprises.

💡5 interesting startup deals you may have missed in August

What do window-cleaning robots and a virtual companion for the elderly have in common? Besides the obvious — AI — those startups and more got funding in under-the-radar deals this month. Let’s take a look at five interesting, kind of wacky, startups that landed investor cash in August.

🤨 Are YC valuations really too high?

Y Combinator has developed a reputation for launching startups into the investment market at eye-watering prices. That’s particularly striking as we find ourselves in the midst of a down market for venture funding. But are those valuations really so out of touch? Dan Gray of startup valuation platform Equidam makes the case that they’re not.

A fundraising cliff may be on the horizon

How long ’til it’s too late? That’s the question facing many early-stage startups that last raised funding during the 2021 boom times and now face a drought. A Crunchbase data analysis suggests that the window for many Series A startups looking for their Series B is getting smaller.

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U.S. Department of Defense

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