Denmark-based firm Novo Holdings also made the list with six deals, including co-leading a $100 million Series A for OnCusp Therapeutics and leading a $75 million round for Cleveland Diagnostics. Other notable investors included GV, Arch Ventures Partners, and Alumni Ventures with five deals each. BlackRock led the highest dollar amount rounds with its $500 million investment in Recurrent Energy. Y Combinator was the top investing incubator and accelerator with 10 deals.
Key takeaways:
- Andreessen Horowitz was the most active investor in U.S.-based startups in January, making 15 deals including leading a $75 million round for Quora and a $43 million Series B for Luma.
- Sequoia Capital made seven deals in January, the most it has done since last March, including a $35 million Series A for Oasis Security and participating in an $80 million Series B for ElevenLabs.
- Denmark-based firm Novo Holdings made six deals in the U.S. in January, leading or co-leading five of them, which is notable considering it only made eight U.S.-based deals all last year.
- BlackRock led the list for rounds with the highest dollar amounts in January due to its $500 million investment in Recurrent Energy, and Y Combinator was the top investing incubator and accelerator with 10 deals.