March 20, 2024 6:01 AM
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newsletter@email.crunchbase.com
The startups saving us from biting bugs
Crunchbase Daily newsletter discusses recent investments in startups fighting biting bugs, Reddit's IPO, AI funding, and more.
Plus, who owns the biggest chunk of Reddit ahead of IPO? March 20, 2024 Hi, Tim . Ah, spring. If it’s sprung in your part of the world, you may be enjoying that brief interlude when the chilliest winter days are behind you but you’re not yet sweatin
March 20, 2024 6:01 AM
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newsletter@email.crunchbase.com
The startups saving us from biting bugs
Crunchbase Daily newsletter discusses recent investments in startups fighting biting bugs, Reddit's IPO, AI funding, and more.
Plus, who owns the biggest chunk of Reddit ahead of IPO? March 20, 2024 Hi, Tim . Ah, spring. If it’s sprung in your part of the world, you may be enjoying that brief interlude when the chilliest winter days are behind you but you’re not yet sweatin
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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="2024-03-19T22:07:32Z"></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/fT5HcZCI39J1LWJk6fPb6w~~/AARGbAA~/RgRn3WMUPVcDc3BjQgpl7xTe-mU_CjigUhVlbXVsaXN0MDFAb3V0bG9vay5jb21YBAAAADs~" alt=""></div><span style="color:transparent; visibility:hidden; display:none; opacity:0; height:0; width:0; font-size:0">Plus, who owns the biggest chunk of Reddit ahead of IPO?</span><img src="http://links.email.crunchbase.com/e/eo?_t=071ea1d6efd844c0a60f7d7dc2214a93&_m=084e260fdca3408caf854124ca60401f&_e=gpzT6ng9ThTkltP88XE0nd8E7G8z0KDhM8VtAN6To2NITipgMmiw2TYlxPvnjLieNqS1yl6zWL3qjd1kADhMpx70eD2OVVw-SSacICLF_GPhxTlffbkoGaL9XpKWWyFAInEXfDr1QDgokwl1YFSn3A%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 20, 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 style="margin:0 0 15px 0">Hi, Tim . Ah, spring. If it’s sprung in your part of the world, you may be enjoying that brief interlude when the chilliest winter days are behind you but you’re not yet sweating it out and batting away mosquitoes and other biting pests. Biting bugs aren’t just a nuisance — they cost humanity billions of dollars and millions of lives a year. So it’s perhaps not surprising that startups are on the case and investors are willing to fund many of them — to the tune of at least <a href="#" style="color:#0288d1; text-decoration:none">$40 million for a host of companies with big plans for how to fight these small, pesky intruders</a>. Plus, <a href="#" style="color:#0288d1; text-decoration:none">Reddit</a> finally goes public tomorrow. <a href="#" style="color:#0288d1; text-decoration:none">Who owns most of the popular conversation platform ahead of its IPO</a>?</p><h2 id="the-startups-saving-us-from-biting-bugshttpsnewscrunchbasecomhealth-wellness-biotechventure-insect-repelling-startups" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">🦟 <a href="#" style="color:#0288d1; text-decoration:none">The startups saving us from biting bugs</a></h2><p style="margin:0 0 15px 0">Biting bugs represent a big enough market to intrigue both startups and investors. Companies with business models focused on repelling insects, killing mosquitoes and eliminating bed bugs have raised tens of millions in seed and venture funding in recent years, a review of <a href="#" style="color:#0288d1; text-decoration:none">Crunchbase</a> data shows.</p><p style="margin:0 0 15px 0">Related Crunchbase Pro list: <a href="#" style="color:#0288d1; text-decoration:none">Funded Companies Tied To Fighting Biting Bugs</a></p><h2 id="who-owns-the-biggest-chunk-of-reddit-ahead-of-ipohttpsnewscrunchbasecompublicreddit-ipo-biggest-investors-shareholders-rddt-advance-publications" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">💸 <a href="#" style="color:#0288d1; text-decoration:none">Who owns the biggest chunk of Reddit ahead of IPO?</a></h2><p style="margin:0 0 15px 0">Almost a third of <a href="#" style="color:#0288d1; text-decoration:none">Reddit</a> is owned by one company. Who else has a stake in the San Francisco-based startup, which is the last of its peers from the Web 2.0 era to finally head to the public markets? We break down its ownership and financials ahead of its IPO tomorrow.</p><h2 id="ai-funding-may-be-hot-but-ma-remains-slowhttpsnewscrunchbasecomaiartificial-intelligence-startups-mergers-acquisitions-vc-funding-data" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">🐢 <a href="#" style="color:#0288d1; text-decoration:none">AI funding may be hot, but M&A remains slow</a></h2><p style="margin:0 0 15px 0">While venture funding to artificial intelligence startups topped $50 billion in 2023 and continues to flow this year, M&A deals for companies in the space have been relatively slow, Crunchbase data shows.</p><p style="margin:0 0 15px 0">Related Crunchbase Pro query: <a href="#" style="color:#0288d1; text-decoration:none">Global Venture-Backed Artificial Intelligence M&A</a></p><h2 id="autonomous-vehicles-software-startups-top-10-largest-dealshttpsnewscrunchbasecomventurebiggest-funding-rounds-applied-intuition-luminary-cloud" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">🏅 <a href="#" style="color:#0288d1; text-decoration:none">Autonomous vehicles, software startups top 10 largest deals</a></h2><p style="margin:0 0 15px 0">Last week was another strong one for large funding rounds to U.S.-based startups. The top 10 list also included three new unicorns.</p><p style="margin:0 0 15px 0">See also: <a href="#" style="color:#0288d1; text-decoration:none">The Crunchbase Megadeals Board</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/icy14hwiqs3uxvip8fsn" 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">Telegram</a></p><p style="font-size:20px; font-weight:bold; margin:0; padding:5px 0 0"><a href="#" style="color:#333; text-decoration:none">$330M</a> / <a href="#" style="color:#0288d1; text-decoration:none">Debt Financing</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:10px 0 5px">Telegram is a cloud-based mobile and desktop messaging tool that focuses on privacy, security, and speed.</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">Messaging • Mobile Apps • Social Media</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">Nikolai Durov</a>, <a href="#" style="color:#0288d1; text-decoration:none">Pavel Durov</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0 20px"><p style="color:#666; margin:0 0 0 85px"></p></td></tr><tr><td style="width:80px"><a href="#"><img src="https://images.crunchbase.com/image/upload/c_pad,h_60,w_60/cjv43vzozsnlgcyvlpxk" 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">Lhyfe</a></p><p style="font-size:20px; font-weight:bold; margin:0; padding:5px 0 0"><a href="#" style="color:#333; text-decoration:none">149M EUR</a> / <a href="#" style="color:#0288d1; text-decoration:none">Grant</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:10px 0 5px">Lhyfe is a producer and supplier of green hydrogen, generated through renewable resources such as wind or solar power.</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">Energy • Energy Management • Renewable Energy</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">Matthieu Guesné</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">Government of France</a> (Lead)</p></td></tr><tr><td style="width:80px"><a href="#"><img src="https://images.crunchbase.com/image/upload/c_pad,h_60,w_60/jqqoc3szprabzs50n1si" 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">Hippocratic AI</a></p><p style="font-size:20px; font-weight:bold; margin:0; padding:5px 0 0"><a href="#" style="color:#333; text-decoration:none">$53M</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">Hippocratic AI aims to develop the first Large Language Model (LLM) specifically designed for healthcare, prioritizing safety and accuracy.</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">Artificial Intelligence (AI) • Health Care • Information Technology</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">Alex Miller</a>, <a href="#" style="color:#0288d1; text-decoration:none">Munjal Shah</a>, <a href="#" style="color:#0288d1; text-decoration:none">Vishal Parikh</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">General Catalyst</a> (Lead), <a href="#" style="color:#0288d1; text-decoration:none">PremjiInvest</a> (Lead), <a href="#" style="color:#0288d1; text-decoration:none">Andreessen Horowitz</a> <a href="#" style="color:#0288d1; text-decoration:none">+ 5 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">Atlan</a></td><td style="border:1px solid #bbb; padding:7px">$28M / <a href="#" style="color:#0288d1; text-decoration:none">Series B</a></td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Salesforce Ventures</a></td></tr><tr style="background:#f6f6f6"><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Curefoods</a></td><td style="border:1px solid #bbb; padding:7px">2.0B INR / <a href="#" style="color:#0288d1; text-decoration:none">Series D</a></td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">3STATE Ventures</a></td></tr><tr><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Jumbotail</a></td><td style="border:1px solid #bbb; padding:7px">1.5B INR / <a href="#" style="color:#0288d1; text-decoration:none">Series C</a></td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Artal Asia</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/cqnqinao1xdkocunobfk" 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">Jama Software</a></p><p style="font-size:15px; margin:0; padding:5px 0 0">Pending acquisition by <a href="#" style="color:#0288d1; text-decoration:none">Francisco Partners</a> for <span style="color:#333; font-weight:bold">$1.2B</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">MTL Holdings</a></td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Carlisle</a></td><td style="border:1px solid #bbb; padding:7px">$410M</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><h3 style="background:#0288d1; border:1px solid #00559d; color:#ffffff; font-size:15px; font-weight:bold; line-height:21px; margin:0; padding:5px 10px">Upcoming Tech Events</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/ypyitgkidbbgzqud9nb7" 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">PASS Data Community Summit 2024</a></p><p style="font-size:15px; margin:0; padding:5px 0 0">November 4 - 8, 2024</p></td></tr><tr><td colspan="5" style="font-size:13px; padding:10px 0">PASS Data Community Summit is the largest conference for technical professionals who leverage the Microsoft Data Platform.</td></tr></tbody></table><h4 style="font-size:15px; font-weight:bold; margin:0; padding:20px 1px 10px">Accelerator Deadlines</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">Date</th><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Accelerator</th><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Location</th></tr></thead><tbody><tr><td style="border:1px solid #bbb; padding:7px; width:80px">Apr 23, 2024</td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">(ERA) Entrepreneurs Roundtable Accelerator</a></td><td style="border:1px solid #bbb; padding:7px; width:120px">New York</td></tr><tr style="background:#f6f6f6"><td style="border:1px solid #bbb; padding:7px; width:80px">Jun 1, 2024</td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Conquest</a></td><td style="border:1px solid #bbb; padding:7px; width:120px">Pilani</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">More Upcoming Deadlines</a></td></tr></tfoot></table></td></tr><tr><td style="color:#333; font-size:13px; padding:5px 0; text-align:center">Don’t see your event? 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