November turned cold across much of the United States, which apparently affected VC firms.
Three firms are leading the way as the busiest startup investors in the US – Andreessen Horowitz (Again), Generic catalytic converter AND Capital of Sequoia – but only with eight transactions each. Last month, a16z led the way with 14, so the decline was significant.
After those three, all remaining firms had six or fewer investment deals involving U.S.-based startups.
Quite chilly indeed.
Andreessen Horowitz, 8 offers
Andreessen Horowitz appears to be at or near the top of this list every month.
Last month was no exception, as the Menlo Park, California-based giant concluded eight deals involving U.S. startups – nonetheless, this is the lowest number since April.
While Andreessen hasn’t led or co-led any major U.S. deals, he has actually been involved in some. That covers it xAIa massive $5 billion financing round that valued it at $50 billion, Wall Street Journal reported.
However, a16z is not done with big-money deals just yet. He also participated in several large financing rounds:
General Catalyst, 8 offers
General Catalyst also saw a big decline in the October-November period – but with eight investments in US-based startups, it ranks first on the list.
The company didn’t participate in many large rounds last month, although it led a $40 million seed round Zarminali’s healtha Chicago-based hybrid care startup that integrates specialists, technology and services to offer coordinated outpatient primary and specialty pediatric care.
General Catalyst also participated in a $19 million Series B investment for a San Francisco-based luggage storage startup Bounce back.
Sequoia Capital, 8 offers
Sequoia matched a16z and General Catalyst with eight deals.
While this may increasingly appear to be a small sum for the investment giant, it is quite consistent with what it has been doing throughout the yr.
However, the small amount does not mean that Sequoia has not been involved in some huge transactions. He participated in a $400 million round Physical intelligencea startup developing brains for a big selection of robots, which valued the company at $2 billion, based on The New York Times.. Sequoia also took part in a cybersecurity startup White300 million series D led by Speed up AND Sapphire ventures which valued this startup at $3 billion.
8VC and BoxGroup, 6 offers each
8VC [footnote]8VC is an investor in Crunchbase. They have no influence on our editorial process. For more, head here.[/footnote] AND Box group each has made half a dozen investments in U.S.-based startups.
8VC participated in the largest transaction of any company, participating in a $42 million Series C round Sirona Medicinehealthcare software developer based in San Francisco.
New York-based BoxGroup focuses on early-stage investments, so it mainly deals in seed and Series A deals. However, it has still participated in some interesting rounds, co-leading a $4 million seed investment for the San Francisco-based company Anthrogena biotechnology research company that uses bacteria and enzymes to cut back carbon by converting it into chemicals.
Also noteworthy:
- Speed up, Google Ventures AND Spark capital all topped the list with five deals each.
- Spark Capital also led the majority of transactions led or co-led with three firms in November.
- Amazon led the list in the variety of rounds led or co-led with the highest dollar amount – because of a massive $4 billion investment in an artificial intelligence startup Anthropic, AND ChatGPT compete with your AI assistant Claude.
- Y Combinator was once again the leading investment incubator and accelerator with 14 transactions in November.
Methodology
Here is a list of investors who participated in the largest variety of rounds involving US startups. It does not include incubators or accelerators as a result of the fluctuations their investment numbers may show.