Tuesday, 5 March 2024

February’s 10 largest funding deals

Plus, 3 overlooked startup sectors that could shine in 2024

March 5, 2024

Hi, Agen. Judging by the scale of some of the startup deals we’ve seen in the first two months of the year, 2024 might be a stronger year for venture funding than 2023. At least that’s how it felt at the end of February, which was another big month for big rounds. Plus, three overlooked startup sectors that could shine in 2024.

🏆 An Epic deal leads February’s 10 largest rounds

Companies needed to raise $170 million or more just to make the tailend of our list of largest U.S. venture funding deals in February. The biggest deal was really big — $1.5 billion — but there were a slew of other good-size deals too. In fact, a company had to raise well over half a billion dollars if it wanted a spot in the top three. Let’s dive in.

🏛️ Govtech isn’t sexy, but it can produce some nice returns

Whether it’s modernizing parking payments or streamlining permit applications, venture-backed software and app developers are behind an assortment of tools that give us a bit less to complain about when dealing with the government. It’s a theme that’s resonating with investors and acquirers alike, funding data shows.

Related Crunchbase Pro list: Government-Facing Funded Startups

🌟 3 overlooked startup sectors that could shine in 2024

AI commanded the attention of VCs last year, but while investors debated whether to bet on image-generation AI or medtech AI, several extremely consequential startup sectors ended up being overshadowed, writes investor and guest author Semyon Dukach. Here’s a closer look at three such sectors.

😬 These unicorns haven’t raised funding in 3+ years

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

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