VCs deployed $1B in early-stage North American startups this week between June 26 to June 30, per Crunchbase data.
AI startups raked in 34% of the funding this week. Healthcare, cybersecurity, and biotech startups nabbed 16%, 12%, and 9% of the financing, respectively.
Here are the top 10 largest rounds announced this week:
- Author Health, a Boston-based healthcare startup for Medicare Advantage recipients, raised $115M in fresh funding from General Atlantic and Flare Capital Partners.
- Santa Clara, California-based Celestial AI, which provides scalable memory and compute resources to develop AI models, secured $100M in Series B funding led by IAG Capital Partners, Koch Disruptive Technologies, and Temasek's Xora Innovation Fund.
- AI-powered data security platform Cyera closed its Series B funding round with $100M in capital. Accel led the funding round with participation from Sequoia, Cyberstarts, and Redpoint Ventures.
- Typeface, a generative AI platform for enterprise content creation, entered the unicorn club after an oversubscribed $100M Series B round led by Lightspeed Ventures Partners, Madrona, GV, Menlo Ventures, and M12.
- Cambridge, Massachusetts-based biotech startup K36 Therapeutics secured $70M in Series B funding led by Nextech Invest. Bristol Myers Squibb Company, Atlas Ventures, F-Prime Capital, and Eight Roads Ventures joined the funding round.
- AI model startup Reka emerged from stealth with $58M funding co-led by DST Global Partners and Radical Ventures.
- Media and sports micro-betting platform Betr — co-founded by social media personality Jake Paul — secured $35M in Series A2 funding at a $300M pre-money valuation. The round is an extension of the firm's $50M Series A funding round from last year. Fuel Venture Capital and Roger Ehrenberg co-led the current round.
- Crypto trading platform One Trading, formerly operating under Bitpanda Pro, nabbed €30M ($32.8M) in Series A funding led by Peter Thiel's Valar Ventures.
- Travel tech startup Utu raised $33M in Series B funding led by SC Ventures. The firm also disclosed that it had acquired Singaporean fintech startup CardsPal.
- New York-based bring-your-own-device security startup Venn Software nabbed $29M in Series A funding led by NewSpring.