Despite the significant funding rounds in the U.S., the largest raise of the week globally came from the Netherlands. Amsterdam-based Picnic, a home delivery platform for consumer goods, raised a venture round worth approximately $389 million. The article also notes that it typically takes a few weeks after New Year's Day for the funding market to heat up, but this week already saw three raises hit nine figures.
Key takeaways:
- The largest startup funding deal in the week of Jan. 6 to 12, 2024, was Fever, an entertainment company, which raised $110 million at a $1.8 billion valuation led by Goldman Sachs.
- Two companies, ExtraHop and Second Dinner, tied for the second-largest funding round, each raising $100 million. ExtraHop is a cybersecurity company, while Second Dinner is a gaming company.
- Quora, a Q&A website, raised its first funding since 2017, securing $75 million from Andreessen Horowitz to push growth for its AI chat platform, Poe.
- The largest raise of the week globally came from the Netherlands, with home delivery platform Picnic raising approximately $389 million.