Want to keep track of the largest startup funding deals in 2024 with our curated list of $100 million-plus venture deals to U.S.-based companies? Check out The Crunchbase Megadeals Board.
This is a weekly feature that runs down the week’s top 10 announced funding rounds in the U.S. Check out last week’s biggest funding rounds here.
The top five raises this week came from sectors that have seen good heat recently. Biotech/healthcare and cybersecurity dominated the run of big rounds this week, with a few AI startups also seeing good-sized checks. After a few slow weeks, megadeals seem to be back, as four companies locked up nine-figure rounds.
1. Marea Therapeutics, $190M, biotech: This big biotech round is actually the combination of two rounds. Marea Therapeutics, a clinical-stage biotechnology company developing medicines for cardiometabolic diseases, launched with $190 million in a combined Series A and B financing. The Series A round was led by Third Rock Ventures — where the startup was incubated — and the Series B round was co-led by Forbion Capital Partners, Perceptive Advisors, Sofinnova Investments and VenBio Partners. The company didn’t split out the rounds, so we record it as one and it tops the list this week.
2. Huntress, $150M, cybersecurity: Maryland-based Huntress became the newest cybersecurity unicorn after it raised a $150 million Series D at a $1.5 billion-plus valuation. The new round was led by Kleiner Perkins, Meritech Capital Partners and existing investor Sapphire Ventures. The startup focuses on security services for small business to small enterprise customers — an often overlooked sector in cyber as many companies chase Fortune 500 companies. Huntress currently is realizing more than 70% year-to-year revenue growth for the past two years as it continues to “approach $100 million in annual recurring revenue.” Founded in 2015, Huntress has raised nearly $310 million, per Crunchbase.
3. Talkiatry, $130M, healthcare: Mental health is a growing concern. Just 31% of adults believe their mental health is “excellent,” a 20 percentage point drop from 2004. New York-based psychiatric care startup Talkiatry locked up a $130 million raise — a mix of equity and debt financing — led by Andreessen Horowitz to try to improve those numbers. The startup offers a national mental health practice that provides in-network psychiatry and therapy, trying to help the 60% of adults in the U.S. with a diagnosable mental illness who go untreated every year. Founded in 2019, Talkiatry has raised $245 million, per the company.
4. Semperis, $125M, cybersecurity: Huntress’ big round wasn’t the only one in security this week. Hoboken, New Jersey-based Semperis secured $125 million in growth financing — a mix of equity and debt — from J. P. Morgan and Hercules Capital. The new round reportedly values the company at $1 billion. Semperis provides a variety of security services, including protection for the Microsoft directory service. Founded in 2014, the company has raised nearly $500 million, per Crunchbase.
5. Elion Therapeutics, $81M, biotech: More than 150 million people suffer from serious fungal infections around the world, resulting in approximately 1.7 million deaths annually. A New York-based biotech raised big this week to try to lower those stats even as such infections have become more virulent. Elion Therapeutics, which focuses on the treatment of life-threatening invasive fungal infections, raised an $81 million Series B led by Deerfield Management and the AMR Action Fund. This is the company’s first announced round, per Crunchbase.
6. CesiumAstro, $65M, space: Austin, Texas-based CesiumAstro, a developer of space communications technology, closed a $65 million Series B+ round led by Trousdale Ventures. Founded in 2017, the company has raised more than $185 million, per Crunchbase.
7. Genspark AI, $60M, artificial intelligence: Palo Alto, California-based Genspark AI, an artificial intelligence search startup, raised $60 million led by Lanchi Ventures at a reported $260 million post-money valuation.
8. (tied) Daydream, $50M, ecommerce: New York-based Daydream, an AI-powered search platform for the retail industry, launched with a $50 million seed round co-led by Forerunner Ventures and Index Ventures.
8. (tied) Iambic Therapeutics, $50M, biotech: San Diego-based Iambic Therapeutics, a clinical-stage biotechnology startup developing therapeutics using an AI-driven discovery platform, closed a $50 million Series B extension led by new investors Mubadala Capital and Exor Ventures. Founded in 2019, the company has raised nearly $233 million, per Crunchbase.
8. (tied) You.com, $50M, artificial intelligence: Palo Alto, California-based You.com, an AI-enhanced search engine developer, reportedly is finishing up raising a $50 million Series B. Investors were not named. Founded in 2020, the company has raised $95 million, per Crunchbase.
Big global deals
The biggest round of the week came from a big-named Indian startup.
- Indian grocery delivery startup Zepto raised a $665 million round, doubling its valuation to $3.6 billion.
Methodology
We tracked the largest announced rounds in the Crunchbase database that were raised by U.S.-based companies for the seven-day period of June 15 to June 21. Although most announced rounds are represented in the database, there could be a small time lag as some rounds are reported late in the week.
Illustration: Dom Guzman
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