The Week’s 10 Biggest Funding Rounds: Generate Capital Goes Big Again, Kore.ai Nabs $150M
Feb 02, 2024 - news.crunchbase.com
The article discusses the largest startup funding deals in the U.S. for the week of January 27 to February 2, 2024. The biggest deal was by Generate Capital, a sustainability and infrastructure investment firm, which raised $1.5 billion, bringing its total funding to $4.2 billion. Other significant deals include Kore.ai, an AI enterprise conversational platform, raising $150 million, and Zum, a transportation company, raising $140 million. Cour Pharmaceuticals, Inari, Watershed, Codeium, Accompany Health, Basking Biosciences, and Cohere Health also raised substantial amounts ranging from $50 million to $105 million.
In addition to these U.S.-based deals, the article also mentions a significant private equity raise in India, with travel tech firm OYO raising $400 million. The data was compiled from the Crunchbase database, which tracks the largest announced funding rounds for U.S.-based companies.
Key takeaways:
The largest startup funding deal in the week of Jan. 27 to Feb. 2, 2024, was Generate Capital, which raised $1.5 billion for renewable energy projects.
Kore.ai, an AI enterprise conversational platform, raised $150 million in a round led by FTV Capital, with participation from Nvidia.
Zum, a transportation company that uses AI to help school districts manage bus fleets, raised $140 million in a Series E funding round led by GIC.
Other notable funding rounds include Cour Pharmaceuticals ($105M), Inari ($103M), Watershed ($100M), Codeium ($65M), Accompany Health ($56M), Basking Biosciences ($55M), and Cohere Health ($50M).
