Tuesday, 6 August 2024

Do IPOs pick up in post-election years?

Cybersecurity funding still going strong

August 6, 2024

Hi, Agen. Could the election cycle bode well for a 2025 U.S. IPO market pickup? We looked at Crunchbase data from six post-election years and here’s what we found. Plus, cybersecurity funding is still going strong as evidenced by a giant $250 million raise for startup Abnormal Security.

🗳️ Post-election years can be good for IPOs

In the past four U.S. presidential election years, venture-backed IPO activity picked up the following year. That bodes favorably for a pickup in market debuts in 2025.

💪 Abnormal hits $5.1B valuation as cyber funding remains strong

Cybersecurity startup Abnormal Security locked up a $250 million Series D at an eye-popping $5.1 billion valuation as fundraising in cyber remains hot after a cool 2023.

Related Crunchbase Pro list: Cybersecurity Funding

🚛 Supply chain funding stuck in gridlock

Remember just a few years ago when investors couldn’t stop flocking to high-valued startups in the supply chain ecosystem? Those days seem long gone, as the sector has crashed unlike many others.

Related Crunchbase Pro list: Supply Chain Management Funding

✂️ Intel makes some noise in a somewhat subdued layoffs timeline

U.S. tech layoffs were somewhat quiet the past couple of weeks, but an early August announcement from Intel Corp. added some noise to the space which also saw the conclusion of the first month of Q3 with a pair of total shutdowns.

🏆 The week’s 10 biggest funding rounds

Another week, and again a few handfuls of startups raised nine-figure rounds as the calendar turned from July to August. The week was led by a Sphere-like entertainment startup.

See also: The Crunchbase Megadeals Board

Enrich your CRM with Crunchbase Data ✨

Power your tools with our flexible API. Unlock firmographics, financials, insights, and predictions with API packages that scale with you. 

Recent Investments

Morpho Labs

$50M / Venture Round

Morpho is a decentralized cryptocurrency lending protocol that provides lending and borrowing services.

Categories:

Blockchain • Cryptocurrency • Financial Services • Lending

Founders:

Paul Frambot

Investors:

Ribbit Capital (Lead), a16z crypto, BH Digital + 15 more

Solarcycle

$32M / Venture Round

SOLARCYCLE is a technology-driven company maximizing solar sustainability through recycling and repurposing.

Categories:

Energy • Recycling • Renewable Energy • Solar

Founders:

Jesse Simons, Pablo Dias, Suvi Sharma

Wisedocs

4.5M CAD / Private Equity Round

Wisedocs provides medical record indexing, review, and AI summaries for various markets.

Categories:

Artificial Intelligence (AI) • Insurance • InsurTech • Machine Learning • SaaS

Founders:

Connor Atchison

Investors:

CIBC Innovation Banking (Lead)

More Fundings

Company Amount / Round Lead Investor
When Insurance $4.6M / Seed Round B Capital
Square Insurance Brokers 250M INR / Seed Round Bizdateup Technologies
Adelaide $1.2M / Venture Round -
All Recent Funding Activity

Recent Acquisitions

Delek

Pending acquisition by FEMSA for $385M

More Acquisitions

Company Acquired By Amount
Gravotech Brady Corporation 120M EUR
All Recent Acquisition Activity

Discover innovative companies and the people behind them.

Follow Us on Crunchbase View Jobs on LinkedIn Follow Us on Twitter Like Us on Facebook

564 Market St, San Francisco, CA 94104
© 2024 Crunchbase Inc. All rights reserved. Privacy Policy | Terms of Service

Unsubscribe from Crunchbase Daily.

No comments:

Post a Comment