AppHub, $95M, e-commerce: E-commerce is only growing as more people buy things digitally. Founded in 2019, the company says it has now raised more than $600 million.Ĥ. The startup is developing gene therapies for a range of conditions including those involving ophthalmology and metabolic disease. That brings the total for the round to more than $430 million.
Life happened last week series#
This week Palo Alto, California-based Kriya Therapeutics leads the way, announcing the addition of more than $150 million in capital committed as part of its Series C.
(tied) Kriya Therapeutics, $150M, biotech: Even with the slowdown in venture, biopharmaceutical companies continue to see big raises.
Founded in 2016, OneTrust says it has now raised more than $1 billion.Ģ. Other large private companies such as Klarna and Stripe also have raised down rounds as the venture market has continued to slow since its highs of 2021. OneTrust helps companies manage privacy, security and governance requirements in the ever-changing regulatory environment. The valuation represents about a 12% drop from the $5.1 billion valuation the privacy and security startup garnered after it raised a Series C in late 2020 and an extension in 2021. Atlanta-based OneTrust became one of the latest startups to raise a down round, as it locked up a $150 million round led by new investor Generation Investment Management - a firm co-founded by former Vice President Al Gore - with participation from existing investor Sands Capital at a $4.5 billion valuation. (tied) OneTrust, $150M, compliance: Down rounds have become a reality for many startups as the venture market has slowed, especially those that have been minted unicorns. Founded in 2013, the firm has raised $600 million, per Crunchbase.Ģ. The firm plans to use the cash infusion to introduce a new compounding system for investors to maximize their earnings through the power of compound interest. Investors in the round were not disclosed. Nevertheless, Woodland Hills, California-based investment firm Lvrch Capital Advisory locked up the top spot with a massive $400 million Series D. Lvrch Capital Advisory, $400M, financial services: This week’s top entry likely stayed under the radar for most people - after all it does not involve AI. The week didn’t provide any specific trends, but did see a unicorn raise a down round and investors writing big checks to two companies using AI in health care.ġ. A trio of big rounds led the way this week, including a huge $400 million raise.
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