 December 16, 2023  Only nine companies joined The Crunchbase Unicorn Board in November, together adding $11.7 billion in value to the board, amid a slower funding environment for startups.  As an enterprise software-focused firm, Sapphire Ventures has deployed $2.4 billion across 60 companies in AI over the past decade and commits $1 billion more to the sector.  Tiger Global is on pace to slash its deal flow more than 90% from 2022, as the one-time growth-round leader significantly pulled back in the venture market.  Europe has not been ground central for the AI startup investment boom. Nonetheless, European tech hubs are still seeing a not-insignificant slice of the funding pie.  Just a couple of weeks until the end of the year and companies are still raising big rounds. The week was especially good for biotech, which led the way with two big raises. A space and defense startup also hit it big.  Is your company planning layoffs next year or is hiring on the agenda? Will AI tech change the way you work? Tell us how you feel in our new 2024 reader forecast survey. Crunchbase, Inc. |
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