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The Week’s 10 Biggest Funding Rounds: Biotech And Cybersecurity See Big Bucks

Jun 21, 2024 - news.crunchbase.com
The article provides a rundown of the top 10 startup funding rounds in the U.S. for the week. The largest funding round was by Marea Therapeutics, a biotech company, which raised $190M in a combined Series A and B financing. Other notable rounds include cybersecurity firm Huntress with $150M, healthcare startup Talkiatry with $130M, cybersecurity company Semperis with $125M, and biotech firm Elion Therapeutics with $81M. The sectors that dominated the funding rounds were biotech/healthcare, cybersecurity, and AI startups.

The article also mentions some significant global deals, with the largest round coming from Indian grocery delivery startup Zepto, which raised $665M, doubling its valuation to $3.6B. The data for the funding rounds was sourced from the Crunchbase database and covers the seven-day period from June 15 to June 21.

Key takeaways:

  • The top five startup funding deals this week were dominated by biotech/healthcare and cybersecurity sectors, with some AI startups also receiving significant funding.
  • Marea Therapeutics topped the list with a combined Series A and B funding of $190 million for developing medicines for cardiometabolic diseases.
  • Huntress, a cybersecurity startup, raised $150 million in Series D funding, becoming the newest cybersecurity unicorn with a valuation of over $1.5 billion.
  • Indian grocery delivery startup Zepto raised the biggest round of the week globally, securing $665 million and doubling its valuation to $3.6 billion.
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