July was a hot month across much of the country, but apparently not at many enterprise capital firms.
Only one company — Andreessen Horowitz — achieved double-digit variety of funding rounds for U.S. startups this month.
Well-known firms resembling Khosla’s ventures AND New company collaborators They only made a few deals because no company made any significant profits.
Let’s take a look at who recorded the biggest growth in a weak month
Andreessen Horowitz, 11 transactions
The Menlo Park, California-based tech giant once again led in the variety of deals involving U.S.-based startups — though one could argue it was in the news more often last month policy.
Andreessen has been in great form currently, announcing 30 deals in the past three months.
In July, the company led or co-led three massive funding rounds, the largest being a $200 million round for a space startup Astranis co-hosted with Lift Bam.
Andreessen also led a $175 million Series B financing for the maker of autonomous surface ships Saronic at a valuation of $1 billion and a Series B of $130 million Hebbiaan AI startup that helps enterprises analyze every kind of knowledge to reply more complex, multi-step questions.
General Catalyst, 9 offers
Based in Massachusetts General Catalyst closed nine deals last month. While that number isn’t huge, it’s actually 3x greater than the VC firm closed in July 2023.
That figure actually included leading or co-leading 4 megadeals value $100 million or more in the U.S., including a $200 million funding round for a healthcare company based in Troy, Michigan HarmonyCares along with McKesson Enterprises and a large, anonymous domestic payer, co-led or led large rounds Aven AND Kandji.
Perhaps the most interesting round General Catalyst participated in was a large $300 million Series A round Separate AIThe Pittsburgh-based startup — valued at $1.5 billion — is building robot brains, and models of those brains will be used in a number of robots and for a number of tasks.
Sequoia Capital, 9 transactions
Sequoia Capital remained at a similar level throughout the 12 months, recording an average of seven deals per month involving U.S.-based startups.
Sequoia led a compliance startup This is commendable$150 million funding round, which valued the company at $2.45 billion. The company also participated in the previously mentioned funding round of Skild AI and San Francisco-based startup AI Legal Tech Harvey$100 million Series C at a valuation of $1.5 billion.
Lightspeed Venture Partners, 8 transactions
Lightspeed Venture Partners It is much like Sequoia in terms of consistency, having been involved in seven deals involving US startups in the past six months.
Last month, this meant co-leading the Skilda round with Coat, SoftBank Group AND Jeff Bezosby his Bezos’s Expeditions.
The Silicon Valley giant also co-led a $150 million Series C round for a clinical-stage precision oncology startup Scorpion Therapyand a Kirkland, Washington-based startup focused on software supply chain security Chain guard$140 million Series C funding that made the company a “unicorn” at a valuation of $1.12 billion.
It is also value listening to:
- Index projects AND Graduates’ Projects The next position on the list was taken by firms that concluded seven transactions each.
- In July, Lightspeed Venture Partners led the way in terms of the most directly or co-led deals, with five.
- Lightspeed Venture Partners also topped the list for the most rounds led or co-led by the largest amounts of cash, having led or co-led 4 rounds totaling nearly $662 million.
- Combiner Y once again proved to be the best investment incubator and accelerator with 18 transactions in July.
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.