10 Biggest Financing Rounds This Week: Metropolis Uses Big Round to Make Deals, Electric Hydrogen Power Boosts

Want to track the biggest startup funding deals of 2023 with our curated list of enterprise capital deals price over $100 million for U.S.-based firms? Check out Crunchbase mega deal tracker.

This is a weekly article highlighting the top 10 funding rounds announced this week in the US. Check out the biggest funding rounds of the past week Here.

Once again, we’re seeing multiple large rounds, including one price over $1 billion that is expected to help get up the dormant M&A market. The grand rounds ran the gamut from parking (yes, parking!), energy to good old AI. Overall, investors seemed willing to invest, and invest heavily, when the October opening was strong.

1. Metropolis$1.1 billion, computer vision: Parking startups don’t normally rank high on this list, but when they add computer vision to their offerings, that is a different story. Metropolis, a Los Angeles-based company that deals with ticketless parking, was established $1.7 billion in debt and equity conducted by Eldridge AND 3L capital. The startup company raised $1.05 billion in a Series C offering and $650 million in debt financing. The transaction was used to acquire a logistics company SP Plus private in a deal valued at roughly $1.5 billion. The transaction is the largest merger and acquisition transaction conducted by a VC-backed company this 12 months Crunch Base data. It even trumps Data cubes‘ purchase of a language model training start-up based in San Francisco MosaicML Down $1.3 billion in June. Metropolis has developed a computer vision system that enables drivers to park without using a bank card or even money. Instead, drivers can use the app and enter information resembling name and payment method. Metropolis then tracks the automotive and charges the owner. It may even send you a confirmation email when they leave the car parking zone. Founded in 2017, the company has now raised $1.9 billion, on Crunchbase.

2. Electric hydrogenUSD 380 million, energy: Green hydrogen hasn’t all the time been an investor favorite, but that could be changing. Earlier this 12 months, Ohm international company picked up A Series C for $250 million conducted by TPG Climate Rise. This week, Electric hydrogen became a unicorn by raising a $380 million Series C at a $1 billion valuation. The round included, among others: Microsoft’s Climate Innovation Fund AND BP ventures. Green hydrogen is produced using electrolyzer systems, which split water through electrolysis to produce hydrogen, and is powered by renewable energy. This process may be expensive due to energy consumption and the needed equipment, but obviously investors are starting to warm up to this sector and see a way to make money. Founded in 2021, Natick, Mass.-based Electric Hydrogen has raised over $600 million on Crunchbase.

3. Progress$125 million, health care: Even before the pandemic, mental health had grow to be a priority for many people. A mental health startup in June Author Health closed a $115 million round With General of the Atlantic AND Flare Capital Partners. This week, New York-based Headway raised $125 million in a Series C round at a valuation of $1 billion per person Reuters. He led the round Spark capital. The startup’s platform helps connect patients with therapists covered by your insurance. Founded in 2018, the company has now raised over $225 million, on Crunchbase.

4. (sure) Iambic therapy$100 million, biotechnology: If it looks like a biotech startup all the time makes the top five every week, it’s because they do. This week, Iambic Therapeutics accomplished a $100 million Series B financing co-led by The capital of Ascenta AND Abingworth. A San Diego-based biotech company is developing recent therapies based on an artificial intelligence generative discovery platform, which can explain why Nvidia he was also an investor. Founded in 2019, the company has raised $153 million, on Crunchbase.

4. (sure) AI caught$100 million, artificial intelligence: You may have heard that investors love AI. One of the larger and more interesting AI rounds this week took place in Lakewood, Colorado AI caughtwhich raised a barely below-the-radar $100 million Series B round he led AAB VC. The startup has developed a platform to create AI digital identities – or “intelligent workers” – that may be used in place of humans for purposes resembling marketing and training videos and even broadcast media. The company has offices around the world, including in China, and plans to use the fresh money to enhance its deep learning research and development for digital identity products. The startup has already raised $132 million, on Crunchbase.

4. (sure) Stoke Space100 million dollars, place: For the second week in a row, spacetech saw a big round. Last week, Sierra Space raised $290 million in Series B. This week, Stoke Space, a Dallas-based reusable rocket developer, raised $100 million in Series B led by Industrial ventures. The company plans to use the recent money for development of the Nova rocket and recent construction at Cape Canaveral Space Force Station in Florida. Founded in 2019, the company has raised over $176 million, on Crunchbase.

7. Mach Industry$79 million, defense: Mach Industries, an Austin, Texas-based defense technology startup, closed a $79 million Series A led by: The capital of Bedrock at a post-money valuation of $335 million, according to TechCrunch. According to them, the company founded in 2022 has raised almost $85 million to Crunchbase.

8. iLink digital$75 million, software: Redmond, Washington-based software developer iLink Digital raised $75 million from a private equity firm (*10*)True north. Founded in 2002, it is the company’s first significant external investment, on Crunchbase.

9. StampsUSD 61 million, accounting: Mountain View, California-based Stampli, which makes artificial intelligence tools that help businesses pay their bills, raised a $61 million round led by funds managed by Black stone. Founded in 2015, the company has raised nearly $146 million according to Crunchbase.

10. RegentCraft$60 million, electric vehicle: Rhode Island-based Regent Craft, a manufacturer of all-electric gliders, has closed a $60 million Series A co-led by 8090 Industries AND Founders Fund. Founded in 2020, Regent has raised $90 million for the company.

Great global offers

Anthropic led the way globally, but there have been big rounds overseas.

• Based in Indonesia InvestorA fintech startup providing a B2B lending platform has raised $231 million in Series D funding.

Methodology

We tracked the largest announced rounds in the Crunchbase database that were reported by U.S.-based firms over the seven-day period from September 30 to October 6. Although most announced rounds are represented in the database, there could also be a slight delay as some rounds are reported late in the week.