The report also notes that the week was relatively slow for big fundraises, with only three companies raising $100 million-plus rounds, likely due to the Thanksgiving holiday. It predicts that the next few weeks may also be slow as the holiday season continues, but there could be surprises. The funding data is sourced from the Crunchbase database, which tracks the largest announced rounds raised by U.S.-based companies.
Key takeaways:
- DataBank, BlueVoyant, and Together were the top three companies with the largest funding rounds, raising $188M, $140M, and $102.5M respectively.
- Despite the holiday season, some companies managed to secure significant funding, with DataBank raising a combination of debt and equity to fund the construction of new data centers.
- BlueVoyant's funding round was used to facilitate the acquisition of Conquest Cyber, indicating a growing interest in the defense tech industry.
- The biggest raise of the week came from a Web3 startup, Wormhole, which raised $225 million at a $2.5 billion valuation, marking the biggest round this year in the Web3 space.