Monday, 5 February 2024

Lightspeed picks up the investment pace

Plus, $1.5B raise tops 10 largest deals

February 5, 2024

Hi, Agen. Not everyone or everything ended 2023 on a down note. In fact, Lightspeed Venture Partners — one of Silicon Valley’s legendary startup investors — picked up its investment pace in the final quarter of 2023, Crunchbase data shows. Plus, last week’s 10 largest U.S. startup funding deals — including the largest of all, a $1.5 billion round to a renewable energy provider.

⚡️ Lightspeed picks up the pace

Lightspeed Venture Partners — now nearly a quarter of a century old and known for backing companies such as Snap, Nest and Stripe — significantly picked up its investment cadence in the final quarter of 2023, Crunchbase data shows.

Related Crunchbase Pro list: Lightspeed Venture Partners’ Investments

🏅 Top 10: How’s a fresh $1.5B for you?

Who said large growth rounds were dead? Last week’s list of 10 largest U.S. startup deals was topped by a whopping $1.5 billion fundraise by a renewable energy company, and followed by large rounds for AI, transportation and biotech companies.

See also: The Crunchbase Megadeals Board

📊 The state of startups in 7 charts

From M&A activity to Web3 funding, let’s look at what’s happening in the startup world as seen through seven charts based on recent Crunchbase data.

🤔 5 interesting startups that got money in January

Several interesting, under-the-radar companies got investor cash in January, including a startup cleaning up space and one developing humanoid robots to help around the house. Let’s take a look.

💸 What does it take to raise a Series A?

Healy Jones of startup advisory firm Kruze Consulting analyzed data from about 100 seed-funded startups that tried to raise a Series A in 2023 and compared those that were successful with those that failed.

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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