March 5, 2024 7:00 AM
-
newsletter@email.crunchbase.com
February’s 10 largest funding deals
Discussion on 2024 being a strong year for venture funding and analysis of startup sectors with potential.
Plus, 3 overlooked startup sectors that could shine in 2024 March 5, 2024 Hi, Tim . Judging by the scale of some of the startup deals we’ve seen in the first two months of the year, 2024 might be a stronger year for venture funding than 2023. At lea
March 5, 2024 7:00 AM
-
newsletter@email.crunchbase.com
February’s 10 largest funding deals
Discussion on 2024 being a strong year for venture funding and analysis of startup sectors with potential.
Plus, 3 overlooked startup sectors that could shine in 2024 March 5, 2024 Hi, Tim . Judging by the scale of some of the startup deals we’ve seen in the first two months of the year, 2024 might be a stronger year for venture funding than 2023. At lea
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<meta http-equiv="Content-Type" content="text/html; charset=utf-8"><meta content="http://static.crunchbase.com/daily/assets/cb-fb-share_v2.png"><meta content="image/png"><meta content="300"><meta content="300"><meta content="Crunchbase Daily"><meta content="The Crunchbase Daily is everything you'll need to start your day! Sign-up now."><meta content="2024-03-04T19:42:31Z"></head><body style="background:#eaeaea; margin:0; padding:0; width:100%!important"><div style="color:transparent; visibility:hidden; opacity:0; font-size:0px; border:0; max-height:1px; width:1px; margin:0px; padding:0px; border-width:0px!important; display:none!important; line-height:0px!important"><img border="0" width="1" height="1" src="http://sp.email.crunchbase.com/q/YxzH6zbOhhDAtgPUhxmqIg~~/AARGbAA~/RgRnyaprPVcDc3BjQgpl5Gsl52X6YthFUhVlbXVsaXN0MDFAb3V0bG9vay5jb21YBAAAADs~" alt=""></div><span style="color:transparent; visibility:hidden; display:none; opacity:0; height:0; width:0; font-size:0">Plus, 3 overlooked startup sectors that could shine in 2024</span><img src="http://links.email.crunchbase.com/e/eo?_t=071ea1d6efd844c0a60f7d7dc2214a93&_m=55ef081618b74e279c2f80a36210433d&_e=SkwHdq9l99_l7bBLmkS8VaHxZB2Qg_-D27YHst5wFtu28y1yqZCalvk5BLuPY96-qcJ_5u0tP0X7RgKogBs9M8wJl8KA2txX6f3ZBEY7NKkoe1MHh-3lDZeEbMilUr9CxYRqjEhwO_70USsJSAQ98Q%3D%3D" width="1" height="1" style="border:0; width:1px; height:1px; border-width:0px!important; display:none!important; line-height:0!important"> <table cellpadding="0" cellspacing="0" style="background:#eaeaea; border:0; color:#333; font-family:Arial,'Helvetica Neue',Helvetica,sans-serif; margin:0; padding:0; width:100%!important"><tbody><tr><td align="center" valign="top"><table cellpadding="0" cellspacing="0" style="border:0; padding:25px 0; width:522px"><tbody><tr><td><a href="#" style="display:block; padding:0 0 0 1px"><img height="23" src="http://static.crunchbase.com/daily/assets/cb-daily-header-logo-v5.png" width="176"> </a></td></tr><tr><td><img alt="" height="10" src="http://c0185784a2b233b0db9b-d0e5e4adc266f8aacd2ff78abb166d77.r51.cf2.rackcdn.com/blank.png" width="520" style="border:0; height:10px; margin:0; padding:0; width:520px"></td></tr><tr><td><table cellpadding="0" cellspacing="0" style="background:#0288d1; border:1px solid #00559d; color:#fff; font-family:Arial,'Helvetica Neue',Helvetica,sans-serif"><tbody><tr><td><h3 style="color:#fff; font-size:15px; font-weight:bold; line-height:21px; margin:0; padding:5px 10px; width:400px">March 5, 2024</h3></td><td style="padding:5px 10px; width:400px"></td><td style="padding:5px 10px; width:400px"></td><td style="padding:5px 10px; width:400px"></td></tr></tbody></table></td></tr><tr><td style="background:#fff; color:#333; border:1px solid #cdcdcd; border-top:0; font-family:Arial,'Helvetica Neue',Helvetica,sans-serif; font-size:14px; line-height:19px; padding:15px 20px 20px"><p>Hi, Tim . Judging by the scale of some of the startup deals we’ve seen in the first two months of the year, 2024 might be a stronger year for venture funding than 2023. At least that’s how it felt at the end of February, which was <a href="#" style="color:#0288d1; text-decoration:none">another big month for big rounds</a>. Plus, <a href="#" style="color:#0288d1; text-decoration:none">three overlooked startup sectors that could shine in 2024</a>.</p><h2 id="an-epic-deal-leads-februarys-10-largest-roundshttpsnewscrunchbasecomventurebiggest-rounds-february-2024-ai-biotech-unicorn-epic" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">🏆 <a href="#" style="color:#0288d1; text-decoration:none">An Epic deal leads February’s 10 largest rounds</a></h2><p style="margin:0 0 15px 0">Companies needed to raise $170 million or more just to make the tailend of our list of largest U.S. venture funding deals in February. The biggest deal was really big — $1.5 billion — but there were a slew of other good-size deals too. In fact, a company had to raise well over half a billion dollars if it wanted a spot in the top three. Let’s dive in.</p><h2 id="govtech-isnt-sexy-but-it-can-produce-some-nice-returnshttpsnewscrunchbasecompolicy-regulationgovernment-tech-startups-funding-opengov-acquisition-valuation" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">🏛️ <a href="#" style="color:#0288d1; text-decoration:none">Govtech isn’t sexy, but it can produce some nice returns</a></h2><p style="margin:0 0 15px 0">Whether it’s modernizing parking payments or streamlining permit applications, venture-backed software and app developers are behind an assortment of tools that give us a bit less to complain about when dealing with the government. It’s a theme that’s resonating with investors and acquirers alike, funding data shows.</p><p style="margin:0 0 15px 0">Related Crunchbase Pro list: <a href="#" style="color:#0288d1; text-decoration:none">Government-Facing Funded Startups</a></p><h2 id="overlooked-startup-sectors-that-could-shine-in-2024httpsnewscrunchbasecomventureoverlooked-startup-sectors-2024-dukach-one-way" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">🌟 <a href="#" style="color:#0288d1; text-decoration:none">3 overlooked startup sectors that could shine in 2024</a></h2><p style="margin:0 0 15px 0"><a href="#" style="color:#0288d1; text-decoration:none">AI commanded the attention of VCs last year</a>, but while investors debated whether to bet on image-generation AI or medtech AI, several extremely consequential startup sectors ended up being overshadowed, writes investor and guest author <a href="#" style="color:#0288d1; text-decoration:none">Semyon Dukach</a>. Here’s a closer look at three such sectors.</p><h2 id="these-unicorns-havent-raised-funding-in-3-yearshttpsnewscrunchbasecomventureunicorn-funding-drought-list-offerup" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">😬 <a href="#" style="color:#0288d1; text-decoration:none">These unicorns haven’t raised funding in 3+ years</a></h2><p style="margin:0 0 15px 0">If you’re the CEO of a unicorn startup that hasn’t raised fresh cash in several years, you’re probably feeling a bit anxious these days. Using <a href="#" style="color:#0288d1; text-decoration:none">Crunchbase</a> data, we identified a sample set of 28 private companies that had a peak valuation of $1 billion or more but haven’t raised a round for years.</p><p style="margin:0 0 15px 0">Related Crunchbase Pro list: <a href="#" style="color:#0288d1; text-decoration:none">Unicorns Last Funded Over Three Years Ago</a></p></td></tr><tr><td><img alt="" height="30" src="http://c0185784a2b233b0db9b-d0e5e4adc266f8aacd2ff78abb166d77.r51.cf2.rackcdn.com/blank.png" width="520" style="border:0; height:30px; margin:0; padding:0; width:520px"></td></tr><tr><td><img height="0" src="https://ssl.google-analytics.com/collect?v=1&tid=UA-68916521-1&cid=194&t=event&ec=native_ads&ea=pageview&el=cb_daily_chrome_extension_Q1_2022 " width="0"><table style="padding:0; margin:0; border:0"><tbody><tr><td style="background:#fff; color:#333; border:1px solid #cdcdcd; font-family:Arial,'Helvetica Neue',Helvetica,sans-serif; font-size:14px; line-height:19px; padding:15px 20px 15px"><h2 style="color:#333; margin:0 0 5px 0; font-size:14px"><b data-stringify-type="bold"><strong>Get more with Crunchbase Enterprise</strong></b></h2>Find out more about Crunchbase’s prospecting software that enables your entire team to find the right companies, identify the right people, and connect with the decision-makers who can move deals forward – all in one solution. <div align="left" style="padding:10px 0 0 0"><a href="#" style="background-color:#f5a623; border-radius:4px; color:#183444; display:inline-block; font-family:sans-serif; font-size:13px; font-weight:bold; line-height:40px; text-align:center; text-decoration:none; width:200px"><img alt="" src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/071ea1d6efd844c0a60f7d7dc2214a93/One%20Off/pro_lightning-navy.png" style="padding:5px; width:10px; vertical-align:middle"> BOOK A MEETING NOW</a></div></td></tr><tr></tr></tbody></table></td></tr><tr><td></td></tr><tr><td><img alt="" height="30" src="http://c0185784a2b233b0db9b-d0e5e4adc266f8aacd2ff78abb166d77.r51.cf2.rackcdn.com/blank.png" width="520" style="border:0; height:30px; margin:0; padding:0; width:520px"></td></tr><tr><td><h3 style="background:#0288d1; border:1px solid #00559d; color:#ffffff; font-size:15px; font-weight:bold; line-height:21px; margin:0; padding:5px 10px">Recent Investments</h3></td></tr><tr><td style="background:#fff; border:1px solid #cdcdcd; border-top:0; color:#333; font-size:14px; padding:15px 20px 20px"><table><tbody><tr><td style="width:80px"><a href="#"><img src="https://images.crunchbase.com/image/upload/c_pad,h_60,w_60/sclfry2xrnv6izgdeyhf" style="border:1px solid #bbb; height:60px; width:60px"> </a></td><td><p style="font-size:20px; font-weight:bold; margin:0"><a href="#" style="color:#0288d1; text-decoration:none">NewSpace</a></p><p style="font-size:20px; font-weight:bold; margin:0; padding:5px 0 0"><a href="#" style="color:#333; text-decoration:none">$33M</a> / <a href="#" style="color:#0288d1; text-decoration:none">Venture Round</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:10px 0 5px">NewSpace is a developer of aerospace technology for piloted systems, autonomy, sensor fusion, and stratospheric operations.</td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Categories:</p><p style="color:#666; margin:0 0 0 85px">Aerospace • Machinery Manufacturing • Satellite Communication</p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Founders:</p><p style="color:#666; margin:0 0 0 85px"><a href="#" style="color:#0288d1; text-decoration:none">Julius Amrit</a>, <a href="#" style="color:#0288d1; text-decoration:none">Sameer Joshi</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0 20px"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Investors:</p><p style="color:#666; margin:0 0 0 85px"><a href="#" style="color:#0288d1; text-decoration:none">360 ONE Asset</a>, <a href="#" style="color:#0288d1; text-decoration:none">Cornerstone Venture Partners</a>, <a href="#" style="color:#0288d1; text-decoration:none">Ranjan Pai</a> <a href="#" style="color:#0288d1; text-decoration:none">+ 1 more</a></p></td></tr><tr><td style="width:80px"><a href="#"><img src="https://images.crunchbase.com/image/upload/c_pad,h_60,w_60/btwxqqjtpi4cw03hvl9q" style="border:1px solid #bbb; height:60px; width:60px"> </a></td><td><p style="font-size:20px; font-weight:bold; margin:0"><a href="#" style="color:#0288d1; text-decoration:none">MoeGo</a></p><p style="font-size:20px; font-weight:bold; margin:0; padding:5px 0 0"><a href="#" style="color:#333; text-decoration:none">$24M</a> / <a href="#" style="color:#0288d1; text-decoration:none">Series A</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:10px 0 5px">MoeGo is a software solution designed for pet care business and professionals.</td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Categories:</p><p style="color:#666; margin:0 0 0 85px">Mobile Apps • Pet • Software</p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Founders:</p><p style="color:#666; margin:0 0 0 85px"><a href="#" style="color:#0288d1; text-decoration:none">Ethan Dong</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0 20px"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Investors:</p><p style="color:#666; margin:0 0 0 85px"><a href="#" style="color:#0288d1; text-decoration:none">Base10 Partners</a> (Lead), <a href="#" style="color:#0288d1; text-decoration:none">Conductive Ventures</a>, <a href="#" style="color:#0288d1; text-decoration:none">Digitalis Ventures</a> <a href="#" style="color:#0288d1; text-decoration:none">+ 2 more</a></p></td></tr><tr><td style="width:80px"><a href="#"><img src="https://images.crunchbase.com/image/upload/c_pad,h_60,w_60/r1ytctrxi7mrxakqb831" style="border:1px solid #bbb; height:60px; width:60px"> </a></td><td><p style="font-size:20px; font-weight:bold; margin:0"><a href="#" style="color:#0288d1; text-decoration:none">Synctera</a></p><p style="font-size:20px; font-weight:bold; margin:0; padding:5px 0 0"><a href="#" style="color:#333; text-decoration:none">$19M</a> / <a href="#" style="color:#0288d1; text-decoration:none">Series A</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:10px 0 5px">Synctera is a banking technology platform that enables community banks and fintech companies to collaborate and provide financial services.</td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Categories:</p><p style="color:#666; margin:0 0 0 85px">Banking • Finance • Financial Services • FinTech</p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Founders:</p><p style="color:#666; margin:0 0 0 85px"><a href="#" style="color:#0288d1; text-decoration:none">Dominik Weisserth</a>, <a href="#" style="color:#0288d1; text-decoration:none">Kris Hansen</a>, <a href="#" style="color:#0288d1; text-decoration:none">Peter Hazlehurst</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0 20px"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Investors:</p><p style="color:#666; margin:0 0 0 85px"><a href="#" style="color:#0288d1; text-decoration:none">Fin Capital</a> (Lead), <a href="#" style="color:#0288d1; text-decoration:none">Lightspeed Venture Partners</a> (Lead), <a href="#" style="color:#0288d1; text-decoration:none">Banco Popular de Puerto Rico</a> <a href="#" style="color:#0288d1; text-decoration:none">+ 3 more</a></p></td></tr></tbody></table><h4 style="font-size:15px; font-weight:bold; margin:0; padding:20px 1px 10px">More Fundings</h4><table cellpadding="0" cellspacing="0" style="border-collapse:collapse; font-size:13px; width:100%"><thead><tr><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Company</th><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Amount / Round</th><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Lead Investor</th></tr></thead><tbody><tr><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">NewSpace</a></td><td style="border:1px solid #bbb; padding:7px">$19M / <a href="#" style="color:#0288d1; text-decoration:none">Debt Financing</a></td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">SBI Start-Up Branch</a></td></tr><tr style="background:#f6f6f6"><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Taiko Labs</a></td><td style="border:1px solid #bbb; padding:7px">$15M / <a href="#" style="color:#0288d1; text-decoration:none">Series A</a></td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Faction</a></td></tr><tr><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Ai Palette</a></td><td style="border:1px solid #bbb; padding:7px">$4.0M / <a href="#" style="color:#0288d1; text-decoration:none">Series A</a></td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Tin Men Capital</a></td></tr></tbody><tfoot><tr><td colspan="5" style="border:1px solid #bbb; padding:7px; text-align:center"><a href="#" rel="noopener" target="_blank" style="color:#0288d1; text-decoration:none">All Recent Funding Activity</a></td></tr></tfoot></table></td></tr><tr><td><img alt="" height="30" src="http://c0185784a2b233b0db9b-d0e5e4adc266f8aacd2ff78abb166d77.r51.cf2.rackcdn.com/blank.png" width="520" style="border:0; height:30px; margin:0; padding:0; width:520px"></td></tr><tr><td><h3 style="background:#0288d1; border:1px solid #00559d; color:#ffffff; font-size:15px; font-weight:bold; line-height:21px; margin:0; padding:5px 10px">Recent Acquisitions</h3></td></tr><tr><td style="background:#fff; border:1px solid #cdcdcd; border-top:0; color:#333; font-size:14px; padding:15px 20px 20px"><table><tbody><tr><td style="width:80px"><a href="#"><img src="https://images.crunchbase.com/image/upload/c_pad,h_60,w_60/y0lejwkzfjgeh44rnkzl" style="border:1px solid #bbb; height:60px; width:60px"> </a></td><td><p style="font-size:20px; font-weight:bold; margin:0"><a href="#" style="color:#0288d1; text-decoration:none">Plx</a></p><p style="font-size:15px; margin:0; padding:5px 0 0">Pending acquisition by <a href="#" style="color:#0288d1; text-decoration:none">Luxium Solutions</a> for <span style="color:#333; font-weight:bold">Unknown</span></p></td></tr></tbody></table><h4 style="font-size:15px; font-weight:bold; margin:0; padding:20px 1px 10px">More Acquisitions</h4><table cellpadding="0" cellspacing="0" style="border-collapse:collapse; font-size:13px; width:100%"><thead><tr><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Company</th><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Acquired By</th><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Amount</th></tr></thead><tbody><tr><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Carelin Oy</a></td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">AFRY</a></td><td style="border:1px solid #bbb; padding:7px">Unknown</td></tr></tbody><tfoot><tr><td colspan="5" style="border:1px solid #bbb; padding:7px; text-align:center"><a href="#" rel="noopener" target="_blank" style="color:#0288d1; text-decoration:none">All Recent Acquisition Activity</a></td></tr></tfoot></table></td></tr><tr><td><img alt="" height="30" src="http://c0185784a2b233b0db9b-d0e5e4adc266f8aacd2ff78abb166d77.r51.cf2.rackcdn.com/blank.png" width="520" style="border:0; height:30px; margin:0; padding:0; width:520px"></td></tr><tr><td style="color:#333; font-family:Arial,'Helvetica Neue',Helvetica,sans-serif; font-size:13px; line-height:19px; padding:0 0 0 1px"><a href="#" style="display:block"><img src="http://static.crunchbase.com/daily/assets/cb-logo-footer-on-dark_v3.png"> </a><p style="margin:0; padding:5px 0 0">Discover innovative companies and the people behind them.</p><table cellpadding="0" cellspacing="0" style="border:0; padding:15px 0"><tbody><tr><td style="padding:0 10px 0 0"><a href="#" rel="noopener" target="_blank"><img alt="Follow Us on Crunchbase" height="20" src="http://static.crunchbase.com/daily/assets/cb_icon_v2.png" width="20"> </a></td><td style="padding:0 10px 0 0"><a href="#" rel="noopener" target="_blank"><img alt="View Jobs on LinkedIn" height="20" src="http://static.crunchbase.com/daily/assets/cb-daily-linkedin-large-color.png" width="20"> </a></td><td style="padding:0 10px 0 0"><a href="#" rel="noopener" target="_blank"><img alt="Follow Us on Twitter" height="20" src="http://static.crunchbase.com/daily/assets/cb-daily-share-twitter-color.png" width="20"> </a></td><td><a href="#" rel="noopener" target="_blank"><img alt="Like Us on Facebook" height="20" src="http://static.crunchbase.com/daily/assets/cb-daily-facebook-large-color.png" width="20"> </a></td></tr></tbody></table><p style="margin:0">564 Market St, San Francisco, CA 94104 <br>© 2024 Crunchbase Inc. 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