VCs deployed $580M in North American startups between pre-seed and Series A stages this week from 29 May to 2 June, per Crunchbase data. Funding deployed this week was up 52% from last week. Biotech startups raked in 38% of the funding this week. Healthcare, AI, and finance startups nabbed 15%, 11%, and 4.5% of the financing, respectively. Here are the 10 largest rounds announced this week: - AI
- Mountain View, Calif.-based AI efficiency startup Granica raised $45M in Series A funding from New Enterprise Associates, Bain Capital Ventures, and others.
- Biotechnology
- Palo Alto, Calif.-based biotech startup Bitterroot Bio emerged from stealth with a $145M Series A funding backed by ARCH Venture Partners, GV, and others.
- San Diego-based gene therapy startup Kate Therapeutics emerged from stealth with a $51M Series A round co-led by Westlake Village BioPartners and Versant Ventures.
- Autoimmune and inflammatory diseases treatment biotech startup Mozart Therapeutics raised $25M in Series A extension funding from Pfizer Ventures, AbbVie Ventures, ARCH Venture Partners, Sofinnova Partners, and others.
- Health Care
- Andreessen Horowitz led a $33M seed and Series A funding into New York-based virtual medical practice startup Pomelo Care.
- Healthcare contracting and administrative partner startup Yuvo nabbed $20.2M in Series A funding led by Mastry Ventures.
- Healthtech startup RxLightning closed its Series A round with $17.5M in fresh capital. LRV Health led the funding round with participation from McKesson Ventures, Hearst Ventures, and others.
- Data
- Portland, Ore.-based cloud data startup Hydrolix secured $20M in Series A funding led by Nava Ventures.
- Finance
- Cross-border payments platform Keeta raised $17M in seed funding at a $75M valuation. Former Google CEO Eric Schmidt led the funding.
- Life sciences
- New York-based nutrapharma and digital wellness life sciences company Mend raised a $15M Series A round led by S2G Ventures.
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