Tech funding weekly

Welcome to our #6 weekly newsletter on funding in the technology sector.

This newsletter is designed for the busy investors in the tech startup scene, including venture capitalists, private equity professionals, and hedge funds, as well as investment bankers and startup founders. Plus, everyone else that wants to keep abreast of what is happening in the buoyant tech funding scene.

Our aim is not only to provide a newsletter on tech funding, but also granular data that our subscribers can use in their line of work. This includes a comprehensive list with company names, investors, type of fundings, sectors, and business descriptions, among others. For more information, please contact us at [email protected].

TF AnalytiX team.

We counted 86 funding rounds in the past week for a total amount of about $3.6 billion. Just one transaction, Redwood Materials, is responsible for nearly a fourth of the money raised. Redwood, founded by former Tesla chief technical officer JB Straubel, is building a circular supply chain for recycling lithium-ion batteries domestically. Elsewhere, energy tech was, of course, a big draw of venture capital, with Urban Volt, Terreva Renewables and Polarium raising substantial amounts of money. Healthcare tech was also strong, with about 14 deals across types of funding running the gamut between Seed and Series D. Artificial intelligence startups are continuing to get important funding, a trend likely to continue. This week, Israeli-based AI21 Labs, a text generative AI company, raised $155 million at a valuation of $1.5 billion. Elemental Cognition, which helps companies sift through large amounts of data, secured $60 million.

Figure 1. Top funded sectors between August 28 and September 3.

Source: TF Analytix.

Pre-seed

Seed

Series A

Series B

Series C

Series D and E

Venture

Interesting reads this week: