The five biggest increases this week got here from sectors that have seen good recent warmth. Biotech/healthcare and cybersecurity dominated a series of huge rounds this week, with several AI startups also receiving large-scale scrutiny. After a slow few weeks, megadeals look like making a comeback as 4 corporations closed nine-figure rounds.
1. Marea TherapyUSD 190 million, biotechnology: This big biotech round is actually a combination of two rounds. Marea Therapeutics, a clinical-stage biotechnology company developing therapeutics for cardiometabolic diseases, launched with $190 million in combined Series A and B financing. The Series A round was led by Third rock ventures — where the startup was incubated — and co-led the Series B round Forbion capital partners, Perceptive advisors, Sofinnova investments AND VenBio Partners. The company didn’t split the rounds, so we’re recording this as one, and it’s at the top of the list this week.
2. Huntress$150 million, cybersecurity: Maryland-based Huntress became the latest cybersecurity unicorn after it raised $150 million in Series D at a valuation of greater than $1.5 billion. He led the latest round Little Perkins, Meritech Capital Partners and current investor Sapphire ventures. The startup focuses on security services for small businesses and enterprises, an often ignored cybersecurity sector that many corporations pursue Fortune 500 corporations. Huntress is currently seeing over 70% 12 months-over-12 months revenue growth over the past two years, steadily “approaching $100 million in annual recurring revenue.” Founded in 2015, Huntress has raised nearly $310 million on Crunchbase.
3. Talkiatry$130 million, health care: Mental health is becoming a growing problem. Only 31% of adults they consider their mental health is “excellent” down 20 percentage points from 2004. Talkiatry, a New York-based mental health care startup, blocked a $130 million raise — a mixture of equity and debt financing — led by Andreessen Horowitz try to enhance these numbers. The startup offers a nationwide mental health practice that gives psychiatry and therapy online in an try and help the 60% of U.S. adults with a diagnosable mental illness that goes untreated each 12 months. Founded in 2019, Talkiatry has raised $245 million for the company.
4. Always$125 million, cybersecurity: Huntress’ big round wasn’t the only safety-related one this week. Hoboken, New Jersey-based Semperis has secured $125 million in growth financing – a combination of equity and debt – from JP Morgan AND The capital of Hercules. New round supposedly values the company at $1 billion. Semperis provides a number of security services, including: Microsoft directory service. Founded in 2014, the company has raised nearly $500 million, on Crunchbase.
5. Elion therapyUSD 81 million, biotechnology: More than 150 million people suffer from serious fungal infections worldwide, causing roughly 1.7 million deaths per 12 months. This week, a New York biotech company raised large amounts of money to attempt to lower those statistics, at the same time as such infections have grow to be more virulent. Elion Therapeutics, which focuses on treating life-threatening invasive fungal infections, raised $81 million in Series B funding led by: Deerfield Management and AMR Fund. This is the company’s first announced round, on Crunchbase.
6. CesiumAstro$65 million, space: Austin, Texas-based CesiumAstro, a developer of space communications technology, has closed a $65 million Series B+ round led by Trousdale Ventures. Founded in 2017, the company has raised over $185 million, on Crunchbase.
7. Genspark AI$60 million, artificial intelligence: Palo Alto, California-based Genspark AI, an artificial intelligence search startup, raised $60 million led by: Lanchi’s ventures at (*10*)reported Post-money valuation of $260 million.
8. (certain) DreamUSD 50 million, e-commerce: New York-based Daydream, an AI-powered search platform for the retail industry, launched in a $50 million seed round co-led by Forerunner Endeavors AND Index ventures.
8. (certain) Iambic therapy$50 million, biotechnology: San Diego-based Iambic Therapeutics, a clinical-stage biotech startup developing drugs using an AI-powered discovery platform, has closed a $50 million Series B expansion led by latest investors The capital of Mubadala AND Exor ventures. Founded in 2019, the company has raised nearly $233 million, on Crunchbase.
8. (certain) Ty.com$50 million, artificial intelligence: Palo Alto, California-based You.com, developer of artificial intelligence-powered search engines like google and yahoo, supposedly completes raising $50 million in Series B. Investors weren’t named. Founded in 2020, the company raised $95 million, on Crunchbase.
Great global offers
The biggest round of the week got here from a well-known Indian startup.
- Indian grocery delivery start-up Zepto raised a $665 million round, doubling its valuation to $3.6 billion.
Methodology
We tracked the largest announced rounds reported by U.S.-based corporations over the seven-day period from June 15-21 in the Crunchbase database. While most announced rounds are represented in the database, there could also be a slight delay as some rounds are reported late in the week.