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The Week’s 10 Biggest Funding Rounds: Fever Heats Up Week With $110M Round

Jan 12, 2024 - news.crunchbase.com
The article provides a rundown of the top 10 startup funding rounds in the U.S. for the week of January 6 to 12, 2024. The largest funding round was secured by Fever, an entertainment startup, which raised $110 million at a $1.8 billion valuation. Other notable funding rounds include ExtraHop and Second Dinner, both of which raised $100 million, and Harbor Health, which raised $96 million. The sectors represented in the funding rounds include entertainment, cybersecurity, gaming, health care, information services, augmented reality, water, artificial intelligence, and software.

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.
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