Hi, Agen. A startup had to raise at least $150 million to earn a space in August’s 10 biggest funding rounds. Fortunately the sector didn’t really matter, with everything from defense to biotech to travel getting healthy shares of investor cash. Plus, as the final month of the third quarter dawns, the IPO pipeline that held such promise to maybe, possibly thaw in 2024 is stil pretty icy. It was another big month for megadeals. You had to raise more than $150 million to make the top 10 list this month — as investors put money into everything from defense tech to semiconductors to biotech. September is often a busy time for pre-IPO roadshows. But not this year. With the pipeline of tech startups waiting to go public unusually dry, 2024 looks poised to end on a low note for new debuts. Insiders say it’s not likely to pick up greatly for a few quarters. The final week of August delivered bad news to over 400 tech workers with an East Coast-based fintech startup making the tough decision to shut down operations and tech giant Apple paring its digital services group. The week saw a handful of nine-figure rounds, and some at pretty big valuations. That included one large round minting a new unicorn that has developed an AI-powered coding co-pilot. However, after some of the really large rounds, the round sizes dropped fast and furious. See also: The Crunchbase Megadeals Board |
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