VCs deployed $1.3B in late-stage and beyond global startups this week between July 1 to July 7, per Crunchbase data. Energy storage startups raked in 46% of the funding this week. Wellness, agtech, and biotech startups nabbed 17%, 15%, and 11% of the financing, respectively. Here are the top five largest rounds announced this week: - Chinese energy storage products manufacturer Hithium Energy Storage Technologies Co. raised $620M (4.5B yuan) in Series C funding from the investment arm of China Life Insurance and Beijing Financial Street Capital.
- German smart workout equipment maker EGYM raised €207M ($225M) in Series F funding led by Jared Kushner's investment firm Affinity Partners.
- Indonesian aquaculture startup eFishery cemented its unicorn status with a $200M Series D funding round led by Abu Dhabi-based 42XFund, with participation from Kumpulan Wang Persaraan, 500 Global, Temasek, Northstar, and SoftBank.
- Chinese biotech startup Sinotau International Pharmaceutical Technology raised $151.8M (1.1B yuan) in fresh funding.
- CADDi, a Japanese startup that operates a B2B marketplace for the manufacturing industry, raked in $89M in Series C funding from Globis Capital Partners, DCM Ventures, JAFCO, Mitsubishi UFJ Capital, and others.
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