![]() ![]() dollars at the prevailing spot rate from the date funding rounds, acquisitions, IPOs and other financial events are reported. Crunchbase converts foreign currencies to U.S. Please note that all funding values are given in U.S. Note that data lags are most pronounced at the earliest stages of venture activity, with seed funding amounts increasing significantly after the end of a quarter. This reflects data in Crunchbase as of Sept. Methodologyįunding rounds included in this report are seed, angel, venture, corporate-venture and private-equity rounds in venture-backed companies. Ramp raised a $300 million funding at a $5.8 billion valuation - down from its $8.1 billion valuation in 2022. Financial services companies raised $2.8 billion last month.Ĭompanies with disclosed valuations that raised funding at an increased valuation of more than 75% included open-source generative image company Hugging Face, Tel Aviv-based large language model company AI21 Labs, and sales marketing platform Apollo.io. The transportation sector raised $4 billion, with large fundings to China-based electric vehicle companies. Health care and biotech companies raised around $5 billion - or 23% of all venture funding in August. Funding to AI companies totaled around $2.7 billion - about 13% of all venture funding - in August. The largest fundings last month were raised by companies in transportation, specifically China-based electric vehicle companies, sustainability with EV battery companies, and in biotechnology.ĭespite some large fundings to generative AI companies, AI wasn’t the largest sector. While last month did not mark the peak for late-stage funding this year - the $10 billion OpenAI funding vaulted January to the leading month for late-stage funding this year - it was still above the monthly average in 2023. Late-stage funding last month totaled $13.3 billion, up around 25% compared to August 2022. When they do, their offerings and Arm Holdings’ planned Nasdaq debut - slated to be the largest tech IPO in almost two years - could buoy the entire startup funding landscape. Last month, two well-funded venture-backed unicorn companies - grocery delivery platform Instacart and targeted marketing platform Klaviyo - filed plans to go public in September. ![]() ![]() ![]() “Notion’s business prospects will hinge as much upon an age-old enterprise software issue: its ability to scale within large organizations without becoming unwieldy or more productivity drain than boon.While startup funding has settled into a new, lower normal, there is hope on the horizon.As competitors Coda and Roam Research receive their own funding, Notion is distinguished by its unrivaled user community, according to investors.The investment will also contribute to Notion’s expanded integration with other apps, as well as globalizing sales and support teams.After its explosive growth strained the infrastructure that powers Notion, company executives said it would utilize the funding to continue improving performance.The updated valuation comes with Notion’s latest investment round of $275 million, led by Coatue Management and Sequoia.To no one’s surprise, the pandemic catalyzed that growth, but Notion’s rapid adoption was also fueled its unanticipated virality on TikTok.That tracks with user growth: Notion quintupled its user base in 2020.The $10 billion is more than four times Notion’s previous valuation of $2 billion in April 2020.Among the most widely circulated articles about the valuation is Alex Conrad‘s piece in Forbes. As of October 8, 2021, Notion is valued at $10 billion. ![]()
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