VCs deployed $380M in North American startups between pre-seed and Series A stages this week from 29 May to 2 June, per Pitchbook data. Pharmaceutical startups raked in 24% of the funding this week. AI, fintech, and blockchain startups nabbed 20%, 9%, and 6% share of the financing, respectively. Here are the 10 largest rounds announced this week: Pharmaceutical - Canadian radiopharmaceuticals manufacturing startup AtomVie Global Radiopharma raised $90M in Series A funding. Investors' names were not disclosed.
AI - Generative AI search startup Vectara raised $28M in seed funding led by Race Capital.
- Open-source AI project MindsDB extended its seed funding round with additional financing of $25M led by Mayfield. The funding brings the total raised under the seed round to $41.5M.
Web3 - Web3 payments startup Transak nabbed $20M in Series A funding led by CE Innovation Capital.
SpaceTech - SpaceTech startup Hubble Network, which intends to connect Bluetooth devices via satellite networks, received $20M in Series A funding led by Transpose Platform, with participation from Y Combinator, Yes.VC, Convective Capital, and others.
Machine learning - Low-code machine learning platform maker Predibase raked in $12.2M through a Series A extension funding round led by Felicis Ventures Management.
InsurTech - Miami, Fla.-based insurtech startup Ole Life raised $12M in Series A funding co-led by Mundi Ventures and AV8 Ventures.
Robotics - Canadian robotics startup Human in Motion Robotics closed its Series A round with $10M in funding led by Beno Holdings.
FinTech - Alternative investment fintech platform RealBlocks raised $10M in Series A extension funding co-led by Crosslink Capital and Left Lane Capital.
Cybersecurity - Cybersecurity startup Galvanick raised $10M in seed funding from MaC Venture Capital, Founders Fund, Village Global, 8090 Industries, and others.
|
