VCs deployed $822M in early-stage North American startups between July 8 to July 14, per Crunchbase data. Biotech startups raked in 28% of the funding this week. Fintech, healthcare, and AI startups nabbed 10%, 10%, and 9% of the financing, respectively. Here are the top five largest rounds announced this week: - Septerna, a San Francisco-based biotech startup developing small molecule medicines, closed its Series B funding round at $150M. RA Capital Management led the round with participation from Samsara BioCapital, Invus, BVF Partners, Goldman Sachs Asset Management, Vertex Ventures, Mirae Asset Financial Group, and others.
- Cambridge, Massachusetts-based Crossbow Therapeutics announced a $80M Series A to develop antibody therapies for cancers. The round was led by MPM BioImpact and Pfizer, with participation from Eli Lilly, Polaris Partners, and Mirae Asset Venture Investment, among others.
- Collective, an AI-powered fintech platform for freelancers, secured $50M in fresh funding from Google's AI fund, Gradient Ventures, Innovius Capital, General Catalyst, QED, and Better Tomorrow Ventures.
- RFID and computer vision-powered in-store inventory technology platform RADAR raised $30M in Series A funding led by Align Ventures, with participation from RX Ventures.
- AI-powered senior care company CarePredict raised $29M in Series A-3 funding co-led by Aspire Healthtech Partners and SV Health Investors' Medtech Convergence Fund.
|
