Hi, Agen. With all the heat waves and major storms hitting across the globe, one may think cleantech and sustainability startups would have an easy sell to investors. Apparently that’s not the case, as funding to such startups is down this year — although some have been able to raise significant debt financings in the space. Also, tired of AI news? Sorry, we have more. Menlo Ventures launched its new $100 million “Anthology Fund” in partnership with its portfolio company Anthropic — as if there was not enough cash for AI startups already. Equity funding to startups focused on cleantech and sustainability is down this year. However, that decline is counter-balanced somewhat by ultra-large debt financings for companies in the space. Related Crunchbase Pro list: Cleantech, EV & Sustainability-Related Funding, H1 2024 Menlo Ventures launched a new $100 million fund called the Anthology Fund, in partnership with its portfolio company Anthropic. It’s just the latest fund started by, or done in partnership with, AI and tech giants. Funding to cybersecurity startups had its best quarter in more than two years, with $4.4 billion rolling to VC-backed companies. The dollar figure is a 63% increase from Q1 — which saw $2.7 billion raised. Related Crunchbase Pro list: Q2 Cybersecurity Funding DreamBig Semiconductor became the second chip startup this week to raise big — locking up a $75 million equity round, which included an investment from the Samsung Catalyst Fund. The semiconductor industry continues to ride the current AI wave, as the market looks for more specialized generative AI chips that are more cost-effective and energy-efficient, but also faster. Funding to Latin American startups rose in the second quarter, led by a resurgence in late-stage dealmaking and a pickup in venture investment in Mexico. |
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