Thursday, 28 December 2023

The 10 largest startup funding deals of the year

Plus, revisiting a wild year in startup land

December 28, 2023

Hi, Agen. Raising mere millions — or even tens or hundreds of millions — of dollars wasn’t going to cut it this year if you wanted to land on our list of the largest startup funding deals. The companies that topped the list each raised at least $1 billion in a single funding round. Plus, a look back at the wild, acronym-filled year in startups and venture capital.

🤑 The largest startup raises of 2023 all had nine zeroes

While funding continued to trend down in 2023, big raises were there to be had. More than a dozen startups in the U.S. — many of them AI startups — raised $500 million or more in funding rounds and some got a lot more than that. We look at the biggest rounds of the year, starting with a $10 billion round to you-know-who.

🔤 There was a lot of action (and acronyms) in 2023

AI. SBF. FTX. SVB. The startup world was awash in an alphabet soup of acronyms this year. Some of the biggest startups, and the institutions that back them, failed. But the dawn of a new AI age also injected new optimism into the tech world — even as the biggest artificial intelligence startup was embroiled in intense drama. Let’s look back at some of the biggest moments in an action-packed year in tech, startups and VC — and what it means for 2024.

🦄 The unicorn hunters: Where are they now?

Funding to the unicorn class of companies — those private startups valued at $1 billion or more — has fallen dramatically in 2023, to around 22% of what it was in the 2021 market peak. So perhaps it’s no surprise that investments in unicorn companies by leading investors from Andreessen Horowitz to Coatue have dropped precipitously in 2023.

See also: The Crunchbase Unicorn Board

👀 Our top stories of 2023, from the VC downturn to AI brainstorming

For the startup world, 2023 was an action-packed year — with AI adoption exploding, the failure of the largest startup bank, and layoffs piling up each week — and readers flocked to our coverage of these topics. With that, let’s take a look at 10 of Crunchbase News’ most-read stories of 2023.

🔮 IPOs? Layoffs? More AI? Share your 2024 outlook in our survey

Do you feel more upbeat or gloomier now compared to a year ago? What are the big tech trends and stories you’ll be watching in 2024? And do you expect the market for new tech IPOs — which briefly opened a smidge this fall — to swing wide open next year? Tell us in our latest brief, anonymous Crunchbase News reader survey.

Get more with Crunchbase Enterprise

Find out more about Crunchbase’s prospecting software that enables your entire team to find the right companies, identify the right people, and connect with the decision-makers who can move deals forward – all in one solution.

Recent Investments

Atavistik Bio

$40M / Venture Round

Atavistik Bio is a biotechnology company that focuses on the discovery and development of novel therapies for metabolic diseases and cancer.

Categories:

Biotechnology • Health Care • Life Science • Therapeutics

Founders:

Jared Rutter, Ralph J DeBerardinis

Investors:

Lux Capital, Nextech Invest, The Column Group

Phosphorus Cybersecurity

$27M / Series A

Phosphorus Cybersecurity offers comprehensive automated Security of Things solutions for enterprise and government protection.

Categories:

Business Information Systems • Cyber Security • Internet of Things • Software

Founders:

Chris Rouland, Earle Ady, Rebecca I. Rouland

Investors:

Evolution Equity Partners (Lead)

Agtonomy

$22M / Series A

Agtonomy is a hybrid autonomy and tele-assist platform that specializes in advanced autonomous and AI solutions for agriculture.

Categories:

Agriculture • AgTech • Industrial Automation • Information Technology

Founders:

Tim Bucher, Valerie Syme

Investors:

Momenta (Lead), Doosan Bobcat, Toyota Ventures

More Fundings

Company Amount / Round Lead Investor
TuMeke Ergonomics $10M / Series A Intel Capital
Vitt 1.0M EUR / Seed Round Better Tomorrow Ventures
All Recent Funding Activity

Recent Acquisitions

Decision Point Healthcare Solutions

Pending acquisition by mPulse Mobile for Unknown

More Acquisitions

Company Acquired By Amount
HealthTrio mPulse Mobile Unknown
All Recent Acquisition Activity

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