Wednesday, 4 September 2024

August top funding rounds hit megadeal status

Plus, IPO debutants are a no-show

September 4, 2024

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.

💰 The 10 biggest rounds of August

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.

🎶 IPO market looks to be ending 2024 on a low note

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.

✂️ Layoffs hit fintech, biotech and Big Tech workers in a busy week

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’s 10 biggest funding rounds

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

Recent Investments

Nutrabay

$5.0M / Series A

Nutrabay is a D2C multi-brand nutrition store that provides an online platform to sell nutritional supplements.

Categories:

E-Commerce • Fitness • Health Care • Wellness

Founders:

Divay Jain, Sharad Jain, Shreyans Jain

Investors:

RPSG Capital Ventures (Lead), Kotak Investment Advisors

Signol

2.5M GBP / Venture Round

Signol focuses on behavior change to reduce fuel consumption and carbon emissions in the aviation and shipping sectors.

Categories:

CleanTech • Energy Efficiency • Shipping • Transportation

Founders:

Daniel White, Robert Metcalfe, Robert W. Hahn

Investors:

TMV (Lead), East Innovate, MOL PLUS + 1 more

BillEase

Unknown / Series C

BillEase is a consumer finance app with AI-driven financial products and services.

Categories:

Finance • Financial Services • FinTech • Payments • Software

Founders:

Georg Steiger, Huyen Nguyen, Ritche Weekun

Investors:

The Rise Fund (Lead), Burda Principal Investments

More Fundings

Company Amount / Round Lead Investor
Circle Pharma $90M / Series D The Column Group
Chpter $1.2M / Pre Seed Round Ken Njoroge
Approveit $1.0M / Seed Round 10vc
All Recent Funding Activity

Recent Acquisitions

Globe All India Services

Pending acquisition by Yatra for 1.3B INR

More Acquisitions

Company Acquired By Amount
International Passenger Protection Dual UK Unknown
All Recent Acquisition Activity

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Tuesday, 3 September 2024

IPO pipeline still frosty

Plus, AI coding sector fires up

September 3, 2024

Hi, Agen. It seems that none of the hot venture-backed tech companies seen as likely IPO prospects filed to go public in August with little indication September will be any busier. Plus, the AI coding sector is heating up with a pair of megadeals hitting the radar last week. And while the biotech sector has seen some big Series A fundings lately, it was the leading sector reporting tech layoffs last week.

🎶 IPO market looks to be ending 2024 on a low note

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.

🔥 AI coding is ultra hot, with two more big rounds

The intersection of AI and coding is one of the hottest areas for venture funding of late. But even in a heated investment environment, last week was an exceptional one, with big rounds for two companies in the space, Magic and Codeium.

Related Crunchbase Pro list: Recipients Of Large Recent Rounds Tied To AI And Coding Automation

🏆 The week’s 10 biggest funding rounds

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

✂️ Layoffs hit fintech, biotech and Big Tech workers in a busy week

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.

🤔 5 interesting startup deals you may have missed in August

This month was full of interesting rounds — ranging from a laundry startup to a company that has developed a sensor-laden tool for finding toxins and contaminants to help those that have allergies.

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Recent Investments

Agrim Wholesale

$17M / Series B

Agrim Wholesale is an Agri-Input B2B marketplace that provides bulk agricultural products and supplies, catering to farms and distributors.

Categories:

B2B • E-Commerce • Marketplace • Retail • Wholesale

Founders:

Avi Jain, Mukul Garg

Investors:

Asia Impact (Lead), Accion Venture Lab, India Quotient + 2 more

Melodi

$11M / Series A

Melodi is bringing to women undergoing breast reconstruction a clinically proven technology aimed at reducing surgical complications.

Categories:

Health Care • Medical • Medical Device

Founders:

Kai Worrell, Sarah Worrell

Investors:

Engage Venture Partners, Huimei Capital, Southeast Minnesota Capital Fund + 1 more

Quai Network

$5.0M / Venture Round

Quai Network develops a decentralized cryptocurrency blockchain with stablecoin capabilities.

Categories:

Blockchain • Cryptocurrency • Developer Platform • FinTech • Software

Founders:

Alan Orwick, Karl Kreder, Sriram Vishwanath

Investors:

Cogitent Ventures, DexCheck Ventures, Giga Chad Ventures + 2 more

More Fundings

Company Amount / Round Lead Investor
Evoq Therapeutics $2.0M / Grant National Institutes of Health
University of California Irvine $1.0M / Grant National Science Foundation
Wayve Unknown / Corporate Round Uber
All Recent Funding Activity

Recent Acquisitions

Anju Software

Pending acquisition by Valsoft for Unknown

More Acquisitions

Company Acquired By Amount
Shenzhen Bytter Technology Linklogis Unknown
All Recent Acquisition Activity

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