The Week’s 10 Biggest Funding Rounds: Nirvana Insurance, Nucleus RadioPharma Lead Week With No Big Rounds
Oct 20, 2023 - news.crunchbase.com
The article provides a rundown of the top 10 startup funding rounds in the U.S. for the week of October 14 to October 20, 2023. The largest deal was a $57 million Series B funding for Nirvana Insurance, an AI-based insurance startup, led by Lightspeed Venture Partners. Other notable deals include a $56 million Series A for Nucleus RadioPharma, a $50 million equity round for Bond Vet, and a $50 million Series D for HqO. The week was described as "incredibly slow" with no funding round hitting nine figures and the top round not even reaching $60 million.
The article also mentions significant global deals, including a $342 million funding round for China-based Zhipu AI, a startup creating AI models, backed by Alibaba and Tencent. The data was sourced from the Crunchbase database, which tracks the largest announced funding rounds raised by U.S.-based companies.
Key takeaways:
The largest startup funding deal in the U.S. for the week of Oct. 14 to Oct. 20, 2023 was Nirvana Insurance, which raised $57 million in a Series B funding round.
Other significant funding deals included Nucleus RadioPharma ($56M), Bond Vet and HqO (both $50M), and Nova Credit ($45M).
Despite a slow week in the U.S., there were significant global deals, including a $342 million funding round for China-based Zhipu AI.
The article suggests a recent slowdown in large funding rounds in the U.S., with no deals hitting nine figures for the first time in a while.
