Tuesday, 16 July 2024

Latin American startup funding climbs slightly

Plus, potential huge cyber deal on the horizon

July 16, 2024

Hi, Agen. Latin American funding followed the global trend by seeing an uptick last quarter. South and Central America raised $791 million in financing in Q2 — per Crunchbase data — a 25% increase from the prior quarter and 17% from a year ago. Also the week started off with a bombshell, as news broke Google is reportedly in advanced talks to acquire cybersecurity startup Wiz for approximately $23 billion. The potential deal — which would essentially double Wiz’s valuation from just two months ago — would be the biggest ever for a VC-backed company.

📊 Latin American startup funding rebounds

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.

🛡️ Cybersecurity unicorn Wiz in talks with Google — report

Alphabet, the parent company of Google, is reportedly in advanced talks to acquire cybersecurity startup Wiz for approximately $23 billion. The potential deal would essentially double Wiz’s valuation from just two months ago.

💰 European venture funding bounced back a little in Q2

Funding to that region’s startups saw a nice 31% uptick quarter to quarter and 17% year to year, based on an analysis of Crunchbase data. Perhaps most noteworthy was for the first time in a decade, quarterly funding to European startups was higher than to Asian startups.

🏅 The week’s 10 biggest funding rounds

Skild AI and Element Biosciences led the way in a strong week of fundraising for U.S.-based startups. Half a dozen rounds hit nine figures, including those in robotics, biotech, healthcare and more.

💸 Most active investor rankings got reshuffled in Q2

The Crunchbase rankings of active startup investors looked quite different in the second quarter of 2024 compared to a year ago. New names joined the ranks, and top investors, overall, have gotten busier.

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