The Week’s Biggest Funding Rounds: Fintech’s Big Week
Dec 13, 2024 - news.crunchbase.com
The article highlights the top 10 largest startup funding deals in the U.S. for the week of December 7 to December 13, 2024, with a focus on fintech and AI sectors. The biggest deal was a $300 million investment in fintech startup One, led by Walmart and Ribbit Capital, valuing the company at $2.5 billion. Other significant deals include Liquid AI's $250 million round led by AMD, Zest AI's $200 million investment from Insight Partners, and Ayar Labs' $155 million Series D led by Advent International and Light Street Capital. The list also features Capstan Medical, Speak, Veradermics, Gigs, Players Health, and Sublime Security, with funding amounts ranging from $60 million to $110 million.
Additionally, the article mentions a major global deal outside the U.S., with India-based Rebel Foods raising $210 million in a Series G round. The methodology for compiling the list involves tracking the largest announced rounds in the Crunchbase database for the specified week, acknowledging potential time lags in reporting.
Key takeaways:
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Walmart and Ribbit Capital led a $300 million funding round for fintech startup One, giving it a valuation of $2.5 billion.
Liquid AI raised $250 million from AMD, focusing on lightweight AI models inspired by a worm's brain.
Zest AI secured $200 million to enhance its AI-driven credit underwriting and fraud protection technologies.
Ayar Labs raised $155 million to advance optical solutions for AI infrastructure, with participation from major tech investors like AMD Ventures and Intel Capital.
