August was a quiet month by all accounts.
Total funding levels fell this month, and in the US, no single investor accomplished many deals.
Graduates’ Projects was the only VC firm whose deal count exceeded double digits in a given month, and even then, it was the results of just 10 deals.
Let’s take a look at the quartet of corporations that were leaders in a weak month
Alumni Ventures, 10 deals
Based in New Hampshire Graduates’ Projects this month he was the leader with 10 transactions.
While Alumni typically invests in smaller, early-stage rounds, this month our attention was drawn to a larger round that participated in the New York Cents$40 million Series B led by Camber StreamThe startup has developed a business management platform for the laundry industry — including self-service laundries, dry cleaners, and even shared laundries — which looks like a very specific area of interest, but one that doesn’t go out of favor.
The company has also participated in rounds for AI startups, akin to a hospital automation software startup Clear AI and decentralized AI network Sahara AI.
Andreessen Horowitz, 9 transactions
Andreessen Horowitz ranks second on this month’s list. Few corporations have been as consistent as the Menlo Park, Calif., giant. Over the past 4 months, it has participated in 39 deals involving U.S. startups.
The company’s most important deal last month was probably the one it led itself — an $80 million Series B round for a San Francisco-based startup Story ProtocolThe startup’s blockchain network allows IP owners to store their IP on the platform, embedding the terms of its use—akin to licensing fees—into smart contracts. Essentially, the blockchain goals to make sure that owners are compensated when their IP is used.
New round apparently values the company at $2.25 billion.
General Catalyst, 9 offers
Based in Massachusetts General Catalyst He also participated in nine transactions, including leading the previously mentioned Clarium AI transaction.
General Catalyst led two major funding rounds last month, including a $150 million Series C for an AI-powered coding assistant Code valuing the Mountain View, California-based startup at $1.25 billion. The Codeium platform uses generative AI models trained on public code to offer developers suggestions on the right way to build apps, and can support dozens of programming languages.
The company also led a $120 million funding round for the Massachusetts-based company. Rebuildwhich provides support to corporations interested in industrial production.
Khosla Ventures, 7 transactions
Khosla’s ventures picked up a bit after a slow few months in which it invested just seven total in U.S.-based startups. It achieved the same result in August.
The largest round the company has participated in (by a U.S. company) last month was co-leading a $100 million round for the Palo Alto, California-based company Developingwhich develops AI for customer support and other applications. Round apparently values the company at $1.15 billion.
It is also price listening to:
Methodology
Here’s a list of investors who have participated in the most rounds involving U.S.-based startups. It doesn’t include incubators or accelerators because their investment numbers can fluctuate.