Tuesday, 30 July 2024

July’s interesting startup deals

Newest unicorn aims to fix the supply chain using AI

July 30, 2024

Hi, Agen. Although startup activity generally slows during July, this year saw some very interesting — and big — deals happening. We share which startup deals caught our attention, from better sleep to a big raise for a company brewing nonalcoholic beer. Plus, a host of investors got in on Altana AI’s $200 million Series C to help elevate the supply chain management platform to unicorn status.

🤔 5 interesting startup deals you may have missed in July

From personalized supplements to better sleep to saving the Earth through more effective insulation, July saw a lot of cool startups raising cash.

🔏 Altana locks up $200M, becomes latest unicorn

It didn’t take long to mint a new unicorn this week. Supply chain management startup Altana AI locked up a $200 million Series C investment led by Thomas Tull’s US Innovative Technology Fund that values the company at $1 billion.

🏆 Last week’s 10 biggest funding rounds

Astranis and Third Arc Bio led a big week of large rounds. All 10 rounds hit $100 million or more, this time with space tech and biotech leading the way. Once again, money was spread around to various sectors — even agtech, which has not seen many megadeals this year.

See also: The Crunchbase Megadeals Board

🌱 Indoor farming sector experiencing growing pains

With few exceptions, indoor farming has not done especially well in raising venture capital lately. But that hasn’t stopped South San Francisco-based Plenty who has been busy planting seeds in a joint venture to build a network of indoor farms in the Middle East.

Related Crunchbase Pro list: Indoor- And Vertical-Farming-Related Funded Companies

💸 Fintech’s funding in Q2 a reminder it’s not 2021 anymore

As one of the sectors that raised the most in the peak market of 2021, fintech has since declined at a greater rate than overall global funding. Nonetheless it still counts as the sector with the largest number of private companies valued over $1 billion and with an expectation that some well-branded fintechs could plan to list — or merge — in the next year or so.

Related Crunchbase Pro lists:
Funding To Financial Services Companies In 2024
Fintech Unicorns

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