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