| Hi, Agen. Who’s still funding startups? Crunchbase data shows that for the second month in a row, a lesser-known VC firm that caters to individual investors who typically don’t have a pathway to the VC market was the most active investor in U.S.-based startups in August. Still, no firm could even crack double digits when it comes to deals made last month as the market continues to find its new equilibrium. While Texas isn’t exactly a slouch on the startup front, there’s long been a perception that venture investment levels don’t reflect the state’s entrepreneurial potential. With some giant funding deals this year to Lone Star State startups, is 2023 the year Texas’ star will finally rise? Here’s why that doesn’t seem likely. Related Crunchbase Pro lists:
• Texas Startup Funding
• Largest 2023 Texas Funding Rounds The No. 1 most active investor in U.S. startups last month has been relatively consistent this year — despite a slowing VC market — ranking first for the second month in a row. We look at the most active startup investors in the U.S. last month, and some of the interesting companies they funded. Singapore-based Temasek led the $110 million Series B for a startup that designs chips to run generative AI applications more efficiently by using less energy for the extraordinary amount of compute necessary for AI processing. A long list of investors including Ericsson Ventures and Samsung Ventures joined in the round. Global startup funding in August was on par with what we’ve seen in other months this year. Notably, though, early-stage funding almost halved and seed funding was down roughly a third from a year ago. With Arm, Instacart and Klaviyo all set to IPO this month, everyone will be looking to see if they can spark a recovery in the startup world. Even with the overall VC market languishing, some startups reeled in very large funding deals last month. They spanned industries including energy, space, fintech, biotech, networking technology and of course AI. | 
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