| Hi, Agen. Startups — much like cars — can usually go only so long before needing to refuel. For companies, however, there’s an added difficulty: It seems that the longer it takes to raise that next round, the less likely it becomes that fresh investment is forthcoming. That’s especially concerning given that for a growing list of U.S. unicorns, it’s been more than three years since their last fundraise, our data shows. Plus, last week’s 10 largest funding deals in another busy week for large rounds, and the latest tech layoffs. If you’re the CEO of a unicorn startup that hasn’t raised fresh cash in several years, you’re probably feeling a bit anxious these days. Using Crunchbase data, we identified a sample set of 28 private companies that had a peak valuation of $1 billion or more but haven’t raised a round for years. Related Crunchbase Pro list: Unicorns Last Funded Over Three Years Ago A half-dozen U.S.-based startups last week raised $100 million or more, with rounds split across several verticals including energy, healthcare and AI. See also: The Crunchbase Megadeals Board Though tech layoffs generally eased up last week, digital media startups continue to be hard-hit: BuzzFeed cut more jobs, and Vice Media — once valued at $5.7 billion — completely shut down Vice.com and day-to-day media operations. Investors have spent hundreds of millions of dollars to back startups working on construction robotics in recent years. The pitch from startups — that they can save time, money and risk by automating repetitive tasks — seems an easy sell given widespread construction labor shortages and rising building costs. Related Crunchbase Pro list: Construction Robotics Companies Last Funded In 2022-2024 Fintech startups saw their best funding year ever in 2021, but have faced headwinds since. Companies that cannot demonstrate a clear path to profitability are struggling to raise follow-up funding. But this doesn’t mean launching a new fintech venture is impossible, just that the rules have changed, writes guest author Pavel Shynkarenko. He offers five reasons why the landscape has become more challenging. Venture funding to the media, entertainment, and gaming industry is declining, but it’s far from game over. We’re also seeing emerging opportunities for generative AI to transform the sector. | 
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