Monday, 26 August 2024

Seed and early-stage median dollar amounts rise

Plus, another slow funding week

August 26, 2024

Hi, Agen. The first half of 2024 saw the median round size for funding at seed through Series C pick up for the first time since early 2023, Crunchbase data shows. While most pronounced for seed and Series A, we take a look at — and chart annual comparisons of — seed through Series C median round sizes. Plus, last week’s funding rounds stayed a little on the low side, but investors still did spread it around to different sectors. And The Crunchbase Tech Layoffs Tracker includes total shutdown plans for a furniture reseller, and a 15% staff reduction for an extreme action video photographer.

US seed and early-stage median round sizes picked up in H1

For a decade, U.S. seed and early-stage median round sizes saw consistent increases — until 2023 when the venture market slowed. Fast-track to the first half of this year and that trend seems to have reversed again as the median round size for funding at seed through Series C has picked up.

Related Crunchbase Pro list: US Series A And B Fundings In 2024

🏆 Last week’s 10 biggest funding rounds

Another slow week with only three companies raising rounds of more than $100 million. In fact, you didn’t even need to raise $50 million to make the list last week. Investors certainly put their money everywhere, from biotech to productivity tools, but they didn’t shell out a lot.

See also: The Crunchbase Megadeals Board

👍 Investors still pouring cash into clean concrete

Companies in the clean concrete space have raised more than $750 million in mostly early-stage equity funding to date. And investment continues to flow, with Silicon Valley-based Fortera, closing this week on the year’s biggest round.

Related Crunchbase Pro list: Clean Concrete-Related Funded Companies

✂️ Tech layoffs adding up

Nine companies joined The Crunchbase Tech Layoffs Tracker last week, ranging from New York’s e-commerce furniture reseller Kaiyo to San Mateo, California-based extreme action video photographer GoPro.

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