Friday, 13 October 2023

Glimmers of recovery in Asia, LatAm Q3 funding numbers

Plus, ex-unicorn snapped up at big discount

October 13, 2023

Hi, Agen. Around the globe, we’re seeing patches of hope in the startup funding landscape. Venture funding to both Asia and Latin America hopped 8% in Q3. In Asia, that was led by rebounds in Israel and China. And in Latin America, funding to late-stage startups helped boost the overall numbers. At the same time, though, it’s clear this isn’t 2021 anymore: LatAm’s funding totals are far, far below their boomtime highs, and in the U.S. Atlassian just scooped up a former unicorn at a 35% discount to the company’s previous valuation.

πŸ’Ή Israel, China lead modest Asia venture rebound

The two Asian countries facing the biggest geopolitical headwinds also saw the continent’s biggest rebound in Q3 venture funding. Israeli startups had their best quarter raising money since Q3 of last year, pulling in $1.4 billion in the most recent quarter. And China-based startups raised $14.1 billion last quarter, a 20% boost from Q2.

🌎 Late-stage deals give LatAm funding a boost

Venture investment to Latin America is still far, far below its 2021 peak, but picked up a bit in the third quarter of this year, as later-stage dealmaking returned to the region. However, reported seed and early-stage investment was down sharply, indicating increasing wariness around backing less-established startups. Let’s take a look.

πŸ“‰ Atlassian buys ex-unicorn at big discount to last valuation

Collaborative software giant Atlassian is buying video messaging startup Loom at a 35% discount to its most recent fundraising valuation.

πŸ’Ά Europe’s early-stage funding falters in Q3

Funding to seed and early-stage startups in Europe continues to struggle. In fact, both amounts and funding deals in Q3 were at the lowest point since we began charting the downturn. But late-stage roared back — it doubled quarter over quarter, supercharged by large funding deals in the sustainable energy sector in multiple countries.

⚖️ Don’t trip up on this potential tax fraud issue in your portfolio

Most VC-backed startups are not eligible to get a tax credit, despite the claims from busy Employee Retention Credit sales mills. Vanessa Kruze, founder and CEO of Kruze Consulting, shares some proactive steps VCs can take prior to funding a startup that has committed unintended tax fraud.

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

Cerevel Therapeutics

$450M / Post-IPO Equity

Cerevel Therapeutics is a biopharmaceutical company that develops drugs to treat neurological and neuropsychiatric disorders.

Categories:

Biotechnology • Pharmaceutical • Therapeutics

Bionano Genomics

$80M / Post-IPO Debt

Bionano Genomics is a biotechnology company that provides genome analysis solutions to researchers and clinicians.

Categories:

Biotechnology • Genetics • Health Diagnostics • Medical

Founders:

Han Cao

Sidus Space

$2.0M / Post-IPO Equity

Sidus Space is a space and Data-as-a-Service company that offers customized solutions and services within the space sector.

Categories:

Aerospace • Electronics • Manufacturing

Founders:

Carol Craig

More Fundings

Company Amount / Round Lead Investor
Vendasta 70M CAD / Private Equity Round Foundry Group
10 Minute School $5.5M / Seed Round Conjunction Capital
IndusInd Bank Unknown / Post-IPO Secondary SBI Mutual Fund
All Recent Funding Activity

Recent Acquisitions

Healthmark Industries

Pending acquisition by Getinge for $320M

More Acquisitions

Company Acquired By Amount
EVPassport Northleaf Capital Partners $200M
All Recent Acquisition Activity

Upcoming Tech Events

SoCal Startup Day 2023

November 8 - 8, 2023 in Irvine

SoCal Startup Day is SoCals largest startup event with over 1500 attendees and 300 investors a pitch competition with over $100k in prizes!

Education 2.0 Conference USA

March 18 - 20, 2024 in Las Vegas

Education Outstanding Leadership Award

Accelerator Deadlines

Date Accelerator Location
Nov 13, 2023 Founder Friendly Labs Palo Alto
Nov 26, 2023 EWOR Berlin
More Upcoming Deadlines
Don’t see your event? Reach out to us at events@crunchbase.com.

Discover innovative companies and the people behind them.

Follow Us on Crunchbase View Jobs on LinkedIn Follow Us on Twitter Like Us on Facebook

564 Market St, San Francisco, CA 94104
© 2023 Crunchbase Inc. All rights reserved. Privacy Policy | Terms of Service

Unsubscribe from Crunchbase Daily.

No comments:

Post a Comment