Monday, 12 February 2024

Funding flows freely to water-saving startups

Plus, layoffs and top 10 deals

February 12, 2024

Hi, Agen. It’s estimated that more than 650 million people in almost 40 countries suffer from water scarcity. Groundwater supplies worldwide are under serious threat due to population growth, industrial development, overuse, climate change and poor water management. The good news? For startups tackling some of the existential problems related to water, investor money is flowing, with VCs often writing the biggest checks to the companies taking on the biggest problems. Plus, last week’s tech layoffs and 10 largest funding deals.

💧Funding flows freely to water-saving startups

Venture funding may be running dry, but money for water conservation-related startups has not, Crunchbase data shows. In fact, startups working on water industry-related technologies raised more money last year than they did in 2021.

Related Crunchbase Pro list: Water-Related Funding

🏅 Top 10 deals: Disney makes an Epic investment, but that’s not all

Disney’s $1.5 billion investment in Epic Games certainly grabbed headlines last week — it is tied for the biggest round this year in the U.S. — but there were a good number of other large deals as well. We look at the 10 biggest.

See also: The Crunchbase Megadeals Board

✂️ Tech layoffs: Big Tech and startups keep trimming

DocuSign signed the largest number of pink slips among U.S. tech employers last week, our tally shows, but it was far from the only one. Other companies that cut jobs include Amazon (again), Uber and Grammarly.

💰 Investors who opened their checkbooks the most in January

Along with leading Quora’s first investment since 2017, a16z made 14 other deals in January, by far leading investors in U.S.-based startups. Let’s look at who else invested last month.

🤔 3 things to consider when taking over as a non-founder CEO

Taking the reins at a company from its founders can be intimidating and tricky. Guest author Marissa Fayer highlights what she says are three common threads in such transitions — and how to navigate them if you find yourself considering becoming CEO at a startup founded by others.

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.

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