Venture funding settles in busy July

Quantum computing continues funding spree

August 7, 2024 Hi, Agen. Although healthcare/biotech and AI led global investment in July, legal tech Clio claimed the busy month’s largest funding amount, which also saw the year’s biggest IPO with Michigan’s Lineage Logistics making the move to the public sector. Plus, another big round to quantum computing with U.K.-based startup Riverlane’s $75 million Series C. 🌎 Global funding settles in July Venture funding in July was slightly down month over month, but up more than 20% year over year. Healthcare and biotech companies led with AI close on its heels; each sector represented around 25% of all global funding in the month. 👀 Quantum computing startups continue to see the money Startup Riverlane helped continue what has been a strong year for venture funding in the quantum computing industry — locking up a fresh $75 million Series C to solve errors that plague the sector. Related Crunchbase Pro list: Quantum Computing Funding 🗳️ 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. 🚛 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 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.  WATCH A DEMO Recent Investments Silicon Box $100M / Funding Round Silicon Box is a semiconductor integration service provider specializing in full chip design and manufacturing. Categories: Artificial Intelligence (AI) • Electronics • Manufacturing • Semiconductor Founders: Byung Joon Han, Sehat Sutardja, Weili Dai Agrizy 820M INR / Series A Agrizy develops an agri-processing platform to provide supply chain solutions for agribusinesses. Categories: Agriculture • AgTech • Productivity Tools • Supply Chain Management Founders: Saket Chirania, Vicky Dodani Investors: Accion (Lead), Omnivore (Lead), Ankur Capital + 2 more GrowSari $5.0M / Venture Round Growsari is a tech-enabled B2B platform that connects SME retailers with FMCG suppliers, transforming stores into service hubs. Categories: B2B • E-Commerce • Retail Founders: Andrzej Ogonowski, ER Rollan, Shiv Choudhury, Siddhartha Kongara Investors: Kaishi Ventures (Lead) More Fundings Company Amount / Round Lead Investor MBX Biosciences $64M / Series C Deep Track Capital Muon Space $57M / Series B Activate Capital Partners All Recent Funding Activity Recent Acquisitions Cogentrix Energy Pending acquisition by Quantum Capital Group for $3.0B More Acquisitions Company Acquired By Amount Parallelozero Valica 330K EUR Therakos CVC Capital Partners $925M All Recent Acquisition Activity Upcoming Tech Events Security Exhibition & Conference 2024 August 21 - 22, 2024 in Sydney Security Conference Demo Days Start Date Event Location Sep 3, 2024 Capital Summit Yumbo Sep 11, 2024 Innovation Review on Green Data Centers Menlo Park More Upcoming Demo Days Don’t see your event? Reach out to us at events@crunchbase.com. Discover innovative companies and the people behind them. 564 Market St, San Francisco, CA 94104 © 2024 Crunchbase Inc. All rights reserved. Privacy Policy | Terms of Service Unsubscribe from Crunchbase Daily.