Wednesday, 24 January 2024

The state of seed funding (and why it matters)

Plus, is travel startup funding perking up?

January 24, 2024

Hi, Agen. Seed funding held up much better than other stages of venture investment during the downturn of the past two years, Crunchbase data shows. Today, we look at why the relative strength in the funding environment for the smallest startups matters, and what to expect in 2024. Plus, travel startup funding could be perking up again, if recent big deals are any indication.

🌱 Good news: Seed funding is holding up OK, actually

Despite a broad pullback in global startup investment over the past two years, investors say the U.S. seed funding environment was the most vibrant compared to other funding stages during the downturn. We talk to active seed investors about what they’re backing and what’s happening with deal sizes and valuations in 2024.

✈️ Travel startup funding could be perking up again

Recent large funding deals to travel-related startups — including a recent $104 million investment in business travel management platform TravelPerk — plus Navan’s potential IPO all point in a positive direction for companies in the space.

Related Crunchbase Pro list: Travel-Related Startup Funding, 2023-Present

🔐 Cyber startup Silverfort locks up $116M Series D

Tel Aviv-based identity security startup Silverfort has raised a $116 million Series D led by Brighton Park Capital. The company attempts to provide identity protection with a single layer that operates on top of all the distributed environments of the enterprise.

Related Crunchbase Pro lists:

• Funding To Israel-Based, VC-Backed Startups

• Cybersecurity Funding

😬 A look at some of the biggest boom time M&A failures

From Meta’s ill-fated purchase of Giphy to Shopify’s Deliverr buy, we scanned the largest purchases of venture-backed companies in the past four years and found some that haven’t exactly worked out as hoped.

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

Sano Genetics

8.9M GBP / Series A

Sano Genetics is a molecular diagnostics company that specializes in developing and commercializing genetic tests for inherited diseases.

Categories:

Biotechnology • Health Care • Information Technology • Marketplace • Real Time

Founders:

Charlotte Guzzo, Patrick Short, William Jones

Investors:

Plural Platform (Lead), Episode 1, MMC Ventures + 1 more

bluesheets

$3.5M / Series A

Bluesheets connects systems and automates workflows for businesses, accountants, and developers with a financial data platform.

Categories:

FinTech • Machine Learning • Software

Founders:

Christian Schneider, Clare Leighton

Investors:

Illuminate Financial (Lead), Antler

Shamba Pride

$2.0M / Debt Financing

Shamba Pride is an online-to-offline platform connecting small farmers to quality supplies, services, and information via DigiShops.

Categories:

Agriculture • Farmers Market • Sharing Economy • Training

Founders:

Samuel Munguti

More Fundings

Company Amount / Round Lead Investor
SK Finance 13B INR / Private Equity Round Motilal Oswal Private Equity
Captura $22M / Series A Future Planet Capital
Shamba Pride $1.7M / Seed Round -
SK Finance Unknown / Secondary Market -
All Recent Funding Activity

Recent Acquisitions

UAhero

Pending acquisition by TapNation for Unknown

Upcoming Tech Events

NAB Show 2024

April 13 - 17, 2024 in Las Vegas

NAB Show is produced annually by the National Association of Broadcasters and is the premier advocacy association for America’s broadcasters

Accelerator Deadlines

Date Accelerator Location
Jan 31, 2024 REACH Chicago
Jan 31, 2024 MedTech Color - Diversifying Medtech Encino
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
© 2024 Crunchbase Inc. All rights reserved. Privacy Policy | Terms of Service

Unsubscribe from Crunchbase Daily.

No comments:

Post a Comment