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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 pace of large U.S. startup financing announcements was somewhat muted in a shortened Fourth of July workweek. However, there was one big exception with reported to have closed on a whopping $10 billion in debt and equity funding. In addition, we saw some good-sized rounds for startups in wealth management, procurement and biotech, among other areas.
1. , $10B, generative AI: ’s generative AI startup, xAI, in fresh debt and equity financing consisting of $5 billion in strategic equity investment, with the remainder of the capital obtained through term loans and secured notes.
2. , $72M, wealth management: New York-based Savvy Wealth, a provider of AI-enabled tools for financial advisers, a $72 million Series B round led by . Founded in 2021, Savvy has raised $106 million to date, .
3. , $55M, procurement: Levelpath, a provider of AI-enabled procurement tools, it raised over $55 million in a Series B round led by . The San Francisco-based company’s platform uses AI agents to autonomously handle procurement tasks for businesses.
4. , $50M, agtech: Cambridge, Massachusetts-based Terrana Biosciences launched this week with $50 million in initial funding from to develop RNA-based agricultural products to deliver protective and enhanced crop traits without altering the plant genome.
5. (tied) , $35M, enterprise software: Campfire, a provider of enterprise resource planning tools, announced that it raised $35 million in a Series A round led by . The San Francisco-based company said it has also grown revenue 10x over the past two years.
5. (tied) , $35M, medtech: Field Medical, a developer of technology used in cardiac ablation, closed a $35 million Series B financing led by and . The round brings funding to date for the Cardiff-by-the-Sea, California, company to $89 million, .
7. , $33M, therapeutics: Boston-based Syntis Bio, a developer of oral therapies for obesity, diabetes and rare diseases, secured $33 million in a Series A round led by . The company said it also received up to $5 million in grants from the .
8. , $26M, agriculture software: Ambrook, a provider of accounting and recordkeeping software geared for U.S. farmers and ranchers, that it closed on a $26.1 million Series A funding led by .
9. , $24.5M, energy software: Washington, D.C.-based Emerald AI, a developer of software aimed to help the electric power system keep up with AI’s soaring energy demand, its launch along with $24.5 million in seed funding led by .
10. , $18M, animal health: San Diego-based Gallant Therapeutics, a biotech startup focused on stem cell therapies for pets, the closing of an $18 million Series B financing led by .
Non-US rounds
While the holiday week may have slowed the pace of funding announcements in the U.S., we did see some very big rounds overseas. Standouts include:
- Tel Aviv-based cloud security provider $359 million in Series G funding at a valuation of more than $4.8 billion. Investors in the round include and , which were joined by existing backers , and .
- Mexico City-based banking and credit card provider reportedly raised $190 million in fresh funding, including a $170 million Series C led by as well as $20 million in debt funding.
Methodology
We tracked the largest announced rounds in the СÀ¶ÊÓÆµÉ«ÇéÍøÒ³°æ database that were raised by U.S.-based companies for the seven-day period of June 28-July 3. 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.
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