In addition to the U.S., the article also mentions a significant funding round in Sweden, where lithium-ion battery producer Northvolt raised $1.2 billion through a convertible note. The data for the list was sourced from the Crunchbase database, which tracks the largest rounds raised by U.S.-based companies. Despite most announced rounds being represented in the database, there may be a small time lag as some rounds are reported late.
Key takeaways:
- Redwood Materials topped the list of largest funding deals for U.S.-based startups in August, raising $1 billion for its renewable energy efforts.
- Peregrine Energy secured $700 million in mixed round funding, making it the second largest deal of the month.
- Axiom Space, a space tech startup, raised $350 million, despite a general slowdown in funding for the sector.
- Ramp, a fintech startup, raised $300 million in a down round, reflecting a trend of recalibrated valuations as investors prioritize profitability and cash flow.