July brought a lot of massive rounds — and more. Startups had to boost $200 million or more to make the list. While we saw a lot of the usual sectors represented, like biotech and financial services, we also saw a few big deals involving startups in the supply chain and automotive industries.
1. Separate AI$300 million, robotics: The strong 12 months for robotics startups continued as Skild AI became the latest such startup to boost major funding, locking in $300 million in a Series A round led by Coat, Lightspeed Venture Partners, SoftBank Group AND Jeff Bezosby his Bezos’s Expeditions. The funding gave the company a $1.5 billion valuation. The Pittsburgh-based startup isn’t building robots, but robot brains. The theory is that these brain models could then be used in different robots and for different tasks — moderately than having just one application. It seems that many high-profile investors agree with that strategy.
2. Elements Biology$277 million, biotechnology: Every month seems to bring big raises in biotech, and this one is no exception. Element Biosciences has raised over $277 million in a Series D led by Wellington Management. The San Diego-based biotech startup is focused on developing DNA sequencing and multi-omics technologies for the research market. Founded in 2017, the company has raised $678 million, in keeping with Crunchbase.
3. Cardurion Pharmaceuticals$260 million, biotechnology: Cardurion Pharmaceuticals raises $260 million in Series B funding led by Ascent’s Capital. The Burlington, Mass.-based biotech startup focuses on developing therapies for heart problems. Founded in 2017, the company has raised greater than $600 million, (*10*)in keeping with Crunchbase.
4. (draw) Cosmos$250 million, Entertainment: Entertainment and technology are intersecting greater than ever — and Cosm is just the latest example. The ball-shaped tech and entertainment company has raised greater than $250 million in funding from corporations like Capital Mirasol AND Baillie Gifford. The recent round values the Dallas, Texas-based company at greater than $1 billion. Cosm offers guests an immersive dome that lets them share a reality experience, often in the context of sports. The company already has a facility in Los Angeles, with others planned in Dallas and Atlanta.
4. (draw) Royal$250 million, movie: Regal, the second-largest movie show chain in the U.S., made the list this month after raising $250 million to upgrade its locations. The Tennessee-based company plans to expand its chain of theaters by 425 nationwide — with upgrades that include luxury seating and other amenities. Regal is among Cineworld Worldwhich emerged from bankruptcy with a financial restructuring process last 12 months. The investors weren’t disclosed.
6. Human interests$242 million, financial services: Retirement planning is big business, and apparently it may possibly also fetch big valuations. San Francisco-based Human Interest is offering small businesses a method to more easily offer 401(k) plans to their employees. The company has raised $267 million in a round of funding led by investment firms Baillie Gifford AND Marshall Wace values the company at $1.3 billion. The round included $25 million in debt. The company said it recently surpassed $100 million in annual recurring revenue. Founded in 2015, Human Interest says it has raised greater than $700 million in total primary and secondary funding.
7. (draw) Earned wealth$200 million, financial services: Tech startup Wealth Earned Wealth raises $200 million in investment led by Silversmith Capital Partners AND Summit Partners. The company offers healthcare professionals financial planning, tax planning and investment advice on a single platform. The recent funds are expected for use for acquisitions. The New York-based firm, founded in 2021, raised $212 million, in keeping with Crunchbase.
7. (draw) HarmonyCares$200 million, healthcare: HarmonyCares, a provider of primary home care, has raised one of the largest rounds this month to expand its business. The Troy, Michigan-based healthcare company closed a $200 million funding round led by General Catalyst, McKesson Enterprises and a large, unnamed national payer. The company operates home-based primary care practices in 15 states — offering services corresponding to home care, hospice, radiology and laboratory — and will seek to expand its geographic footprint across the U.S.
7. (draw) AI Gazebos$200M Supply Chain Management: Supply chain management startup Altana AI raises $200 million in Series C investment led by US Innovative Technology Fund that values the company at $1 billion. The New York startup’s supply chain management platform provides clients with deep insight and visibility into the management of worldwide value chains—from sourcing to manufacturing and sales. Such oversight has change into obligatory as governments and organizations have introduced recent trade restrictions, climate policies, national security and other rules. Like most startups raising big money in the current environment, Altana has an AI game. The company’s platform uses AI to investigate data points across the supply chain to detect anomalies and threats. Founded in 2018, the company has raised $322 million, in keeping with CrunchbaseBefore the recent round, it recently raised $100 million in Series B funding led by Activate Capital Partners in 2022.
7. (draw) Astranis$200 million, space: Space startup Astranis raised a recent round of funding of $200 million to expand its Omega satellite program. The recent round was co-led by Andreessen Horowitz AND Lift BamThe San Francisco-based startup is developing small satellites for broadband communications for telecommunications and plans to have greater than 100 first-generation satellites in orbit by 2030. While Astranis didn’t disclose a valuation, the company raised $200 million in a funding round at a valuation of $1.6 billion in April 2023. in keeping with Bloomberg’s report in a deal also led by Andreessen Horowitz. Space startups have performed well this 12 months as satellite and communications corporations proceed to draw recent investment. So far in 2024, space-related startups have raised greater than $3.7 billion, in keeping with Crunchbase data. Such startups raised about $5.9 billion over the course of all of last 12 months — putting this 12 months’s enterprise capital funding ahead of that pace. Astranis, founded in 2015, has raised greater than $750 million, in keeping with the company.
7. (draw) Tekion$200 million, automotive: Providing a software platform for the automotive retail industry is probably not the sexiest tech play, but it actually can create a invaluable business. Pleasanton, Calif.-based Tekion, whose software connects manufacturers, retailers and others, has raised $200 million in growth capital from Dragoneer Investment Group valuing the company at over $4 billion. Bloomberg reported that the startup now has $100 million to $200 million in revenue. Founded in 2016, the company has raised $635 million, in keeping with Crunchbase.
Large global transactions
The largest round outside the US in July got here from our northern neighbors.
Methodology
We have been tracking the largest rounds in the Crunchbase database, which were collected by US-based corporations in July 2024. While most of the announced rounds are included in the database, there could also be a slight delay as some rounds are reported towards the end of the month.