VCs deployed $133M in early-stage North American startups this week between July 1 to July 7, per Crunchbase data. Insurance startups raked in 21% of the funding this week. Fashion, renewable energy, and fintech startups nabbed 16%, 12%, and 10% of the financing, respectively. Here are the top five largest rounds announced this week: - D2C insurance provider Steadily Insurance Agency raised $28.5M in Series B funding led by Zigg Capital, with participation from Matrix Partners, Koch Ventures, Clocktower Technology Ventures, and Nine Four Ventures.
- Ten Thousand, a New York-based men's activewear clothing manufacturer, raised $21.5M in Series A funding led by Provenance, with additional support from Fernbrook and Alfa.
- On-demand manufacturing order management technology solutions maker Gooten closed its Series A funding round at $11M. KEC Ventures led the round, joined by INX International, Tech Pioneers Fund, and others.
- Cavli Wireless raised $10M in Series A funding led by Chiratae Ventures and Qualcomm Ventures.
- Decentralized social network platform Bluesky raised $8M in seed funding led by Neo.
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