Monday, 19 August 2024

Journey from A to B is taking longer

Plus, cybersecurity continues its funding streak

August 19, 2024

Hi, Agen. Even though more early-stage startups are getting minted as unicorns, the journey many of those those startups need to take to reach the next level of funding is taking longer. Plus, startup Kiteworks’ nearly half-billion-dollar investment puts cybersecurity at the top of last week’s biggest funding rounds with biotech and healthcare also making a good showing. And The Crunchbase Tech Layoffs Tracker’s growth stays steady with the week’s news of Cisco’s continued cut-backs.

Startups taking longer to close rounds

The time lapse between funding rounds for early-stage startups in the U.S. has reached the highest point in more than a decade, hitting 28 months — by far the longest span since 2012.

🏆 Last week’s 10 biggest funding rounds

Last week definitely saw a slowdown in big rounds, with only three deals breaking the $100 million mark. However, healthcare and medical device makers did well. Perhaps announcements are slowing as summer is coming to a close, but the week certainly seemed to lack the big money of so many this year.

See also: The Crunchbase Megadeals Board

✂️ Cisco staffing cuts lead weekly Layoffs Tracker numbers

It was a big week for The Crunchbase Tech Layoffs Tracker with over 6,000 workers getting cut from sectors ranging from healthcare to software to robotics.

🧠 Put your startup savvy to the test with the Real Fake game

Crunchbase partnered with VC firm Felicis to build a daily web-based game called Real Fake, where you guess which companies are real and which are AI-generated. Play it and see how high you can score.

💰 US’ busiest Series A and B investors made more bets in H1

A more dynamic seed environment relative to other funding stages through the downturn has raised questions about startups graduating beyond seed. Is the pickup in funding in H1 and the increased pace by leading investors an indicator of a stronger venture market outlook moving forward?

Related Crunchbase Pro lists:
Active US Investors Leading Series A, B Rounds In H1 2024
US Series A And B Fundings In 2024

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