Tuesday, 30 July 2024

July’s interesting startup deals

Newest unicorn aims to fix the supply chain using AI

July 30, 2024

Hi, Agen. Although startup activity generally slows during July, this year saw some very interesting — and big — deals happening. We share which startup deals caught our attention, from better sleep to a big raise for a company brewing nonalcoholic beer. Plus, a host of investors got in on Altana AI’s $200 million Series C to help elevate the supply chain management platform to unicorn status.

🤔 5 interesting startup deals you may have missed in July

From personalized supplements to better sleep to saving the Earth through more effective insulation, July saw a lot of cool startups raising cash.

🔏 Altana locks up $200M, becomes latest unicorn

It didn’t take long to mint a new unicorn this week. Supply chain management startup Altana AI locked up a $200 million Series C investment led by Thomas Tull’s US Innovative Technology Fund that values the company at $1 billion.

🏆 Last week’s 10 biggest funding rounds

Astranis and Third Arc Bio led a big week of large rounds. All 10 rounds hit $100 million or more, this time with space tech and biotech leading the way. Once again, money was spread around to various sectors — even agtech, which has not seen many megadeals this year.

See also: The Crunchbase Megadeals Board

🌱 Indoor farming sector experiencing growing pains

With few exceptions, indoor farming has not done especially well in raising venture capital lately. But that hasn’t stopped South San Francisco-based Plenty who has been busy planting seeds in a joint venture to build a network of indoor farms in the Middle East.

Related Crunchbase Pro list: Indoor- And Vertical-Farming-Related Funded Companies

💸 Fintech’s funding in Q2 a reminder it’s not 2021 anymore

As one of the sectors that raised the most in the peak market of 2021, fintech has since declined at a greater rate than overall global funding. Nonetheless it still counts as the sector with the largest number of private companies valued over $1 billion and with an expectation that some well-branded fintechs could plan to list — or merge — in the next year or so.

Related Crunchbase Pro lists:
Funding To Financial Services Companies In 2024
Fintech Unicorns

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Recent Investments

Confo Therapeutics

60M EUR / Series B

Confo Therapeutics is a drug discovery company building internal drug discovery programs on GPCRs addressing unmet medical need.

Categories:

Biotechnology • Health Care • Medical • Therapeutics

Founders:

Jan Steyaert, Toon Laeremans

Investors:

Ackermans & van Haaren (Lead), BioGeneration Ventures, Capricorn Partners + 10 more

ReviR Therapeutics

$30M / Series A

ReviR Therapeutics is a genomics-based platform that develops novel medicines targeting human RNAs.

Categories:

Alternative Medicine • Biotechnology • Genetics • Therapeutics

Founders:

Peng Yue, Yang Li

Investors:

Lapam Capital (Lead), 5Y Capital, CDH Investments + 3 more

CARS24

2.5B INR / Venture Round

CARS24 is as AutoTech company that utilizes technology and dealer network for buying and selling pre-owned cars.

Categories:

Artificial Intelligence (AI) • Automotive • E-Commerce • Marketplace

Founders:

Gajendra Jangid, Mehul Agrawal, Ruchit Agarwal, Vikram Chopra

Investors:

Global Car Group (Lead)

More Fundings

Company Amount / Round Lead Investor
Facet $28M / Venture Round -
ZeroTier $14M / Series A Battery Ventures
Greenely 90M SEK / Series A Korys
All Recent Funding Activity

Recent Acquisitions

International Game Technology

Pending acquisition by Everi Holdings for $4.0B

More Acquisitions

Company Acquired By Amount
Metro Bank - Mortgage Book NatWest Group $3.1B
All Recent Acquisition Activity

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Monday, 29 July 2024

Indoor farming faces funding drought

Space tech and biotech lead a big week of big money

July 29, 2024

Hi, Agen. As venture capital wagers go, indoor farming has not done especially well. While investors have plowed almost $6 billion into startups in the space in recent years, funding has mostly dried up. Plus, all 10 of last week’s top funding deals hit nine figures with spacetech startup Astranis taking the lead. And with the Paris Olympic Games underway, we took a look at how funding to startups in the country is faring.

🍅 Indoor farming sector experiencing growing pains

With few exceptions, indoor farming has not done especially well in raising venture capital lately. But that hasn’t stopped South San Francisco-based Plenty who has been busy planting seeds in a joint venture to build a network of indoor farms in the Middle East.

Related Crunchbase Pro list: Indoor- And Vertical-Farming-Related Funded Companies

🇫🇷 Paris is France’s startup champion

In a typical year, Parisian upstarts raise billions in venture funding, usually pulling in the majority of French venture investment. So far, this Olympic year is off to a good start, with AI, cleantech and enterprise software among the sectors drawing big rounds.

Related Crunchbase Pro list: French Startup Funding

🏆 The week’s 10 biggest funding rounds

Astranis and Third Arc Bio led a big week of large rounds. All 10 rounds hit $100 million or more, this time with space tech and biotech leading the way. Once again, money was spread around to various sectors — even agtech, which has not seen many megadeals this year.

See also: The Crunchbase Megadeals Board

💸 Fintech’s funding in Q2 a reminder it’s not 2021 anymore

As one of the sectors that raised the most in the peak market of 2021, fintech has since declined at a greater rate than overall global funding. Nonetheless it still counts as the sector with the largest number of private companies valued over $1 billion and with an expectation that some well-branded fintechs could plan to list — or merge — in the next year or so.

Related Crunchbase Pro Lists:
Funding to Financial Services Companies in 2024
Fintech Unicorns

⬇️ Texas startup funding falls

Funding to Lone Star State startups in 2024 is on track to decline year over year, even as overall U.S. venture funding has been perking up. But there’s room for optimism that higher investment lies ahead along with the possibility companies may move their headquarters to Texas — particularly the case for those associated with Elon Musk.

Related Crunchbase Pro lists:
Texas Startup Funding
Austin And Surrounding Cities Startup 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. 

Recent Investments

Chainguard

$140M / Series C

Chainguard is an open source software that develops software security, supply chain security, and risk mitigation solutions.

Categories:

Cloud Security • Developer Tools • Enterprise Software • Open Source • Security

Founders:

Dan Lorenc, Kim Lewandowski, Ville Aikas

Investors:

IVP (Lead), Lightspeed Venture Partners (Lead), Redpoint (Lead) + 4 more

DevRev

$101M / Venture Round

DevRev connects developers and customers through an API-driven CRM platform for product-led SaaS companies.

Categories:

Artificial Intelligence (AI) • CRM • Customer Service • Developer APIs • Developer Platform • Software

Founders:

Dheeraj Pandey, Manoj Agarwal

Cowbell

$60M / Series C

Cowbell provides adaptive cyber insurance for small and medium-sized enterprises using AI-driven risk assessment.

Categories:

Artificial Intelligence (AI) • FinTech • Insurance • InsurTech • Risk Management

Founders:

Jack Kudale, Prab Reddy, Rajeev Gupta, Trent Cooksley

Investors:

Zurich Insurance Group (Lead)

More Fundings

Company Amount / Round Lead Investor
Addionics $39M / Series B Deep Insight
GeoWealth $18M / Venture Round -
Schrödinger $10M / Grant Bill & Melinda Gates Foundation
All Recent Funding Activity

Recent Acquisitions

Instructure

Pending acquisition by Kohlberg Kravis Roberts for $4.8B

More Acquisitions

Company Acquired By Amount
KCA Deutag Helmerich & Payne $2.0B
All Recent Acquisition Activity

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