No single investor really dominated March, as not a single company managed to interrupt double digits in terms of investments in US-based startups.
But each of the dozen corporations and accelerators had made at least a half-dozen deals, so checks were written and American startups raised money.
At the end, Generic catalytic converter took first place with nine deals, while several well-known corporations were only one or two behind.
General Catalyst, 9 offers
General Catalyst has been relatively quiet over the past few months, participating in only 13 deals involving U.S. startups from December to February. However, last month General Catalyst turned out to be the leader, participating in nine such transactions – the most in a month since November last 12 months.
These deals also included leading or co-leading several good-sized rounds.
The company co-led a $78 million round for Woburn, Massachusetts Energy Alsym — maker of non-flammable batteries — and Palo Alto, maker of a California-based AI health care agent Hippocrates’ artificial intelligence$53 million Series A.
The company also led an anxiety treatment startup in Boston InStride HealthSeries B for $30 million.
Alumni ventures, 8 offers
Alumni’s projects returns to this list as one of two corporations that finalized eight transactions involving US start-ups last month.
This includes participation in a major $80 million Series A tournament in Los Angeles Carbon capturea climate technology startup that develops direct air capture machines to remove CO₂.
Even though we continued to bet on U.S.-based startups this 12 months, Alumni has significantly reduced its investment pace in comparison with last 12 months. During the first three months of last 12 months, the company participated in 55 announced transactions involving American startups.
In the first three months of this 12 months, that number dropped to simply 21.
Liquid 2 Ventures, 8 offers
Liquid 2 ventures has never made this list, but it is a nearly 10-year-old company based in San Francisco. She also has star power – she was a co-founder San Francisco 49ers great and NFL Hall of Fame Joe Montana.
The company’s eight deals involving U.S. startups in March are the most for the company in a month since September 2022.
The early-stage investment firm primarily participated in seed rounds, but some of them were focused on big returns – including a $15.5 million round for the San Francisco-based company Interlunia. The startup intends to extract and transport helium-3 from the Moon to Earth for use in national security, quantum computing, medical imaging and fusion energy markets. The startup was founded by former leaders, including: Jeff Bezosspace exploration startup Blue origin.
That said, Liquid 2 Ventures also participated in a large $53.2 million Series C led by The capital of March for headquarters in Boston Verified. The startup uses artificial intelligence to interpret X-rays and process dental insurance claims – huge problems that always create friction between dentists, payers and patients and can reduce time spent on care.
Also noteworthy:
Methodology
Here is a list of investors who participated in the largest number of rounds involving US startups. It does not include incubators or accelerators because of the fluctuations their investment numbers may show.