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The Week’s 10 Biggest Funding Rounds: Recurrent Energy And Bilt Rewards See Big Money

Jan 26, 2024 - news.crunchbase.com
The article provides a rundown of the top 10 startup funding deals in the U.S. for the week of January 20 to 26, 2024. The largest deal was secured by Recurrent Energy, an Austin-based energy company, which raised $500 million from BlackRock. Other notable deals include Bilt Rewards, a loyalty rewards startup, which raised $200 million at a $3.1 billion valuation, and BillingPlatform, a fintech company, which secured $90 million. The list also includes companies in the AI, biotech, energy, healthcare, climate, and recycling sectors.

In addition to the U.S. deals, the article also mentions a significant global deal. H2 Green Steel, a Swedish company that operates a green energy steel production plant, raised about $516 billion, with $326 billion in equity. The data for these deals was sourced from the Crunchbase database, which tracks the largest announced funding rounds for U.S.-based companies.

Key takeaways:

  • Recurrent Energy secured the largest funding round of the week with a $500 million investment from BlackRock.
  • Bilt Rewards raised a $200 million round at a $3.1 billion valuation, planning to expand its network to include local dining, grocery stores, ridesharing and other retail purchases.
  • BillingPlatform, ElevenLabs, Accent Therapeutics, LB Pharmaceuticals, and Sion Power also secured significant funding rounds ranging from $75 million to $90 million.
  • Outside of the U.S., Stockholm’s H2 Green Steel raised a large round worth about $516 billion, in which $326 billion was equity.
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