Tech funding weekly

Welcome to our #5 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.

For the past week, we counted 80 funding rounds for a total value of about $2.4 billion, up by about $1 billion form the past week, largely thanks to a very large strategic investment. A consortium led by Sandbrook Capital acquired Wind farm operator NextWind, committing $750 million in equity investments to acquire its existing wind assets and fund future growth.

Figure 1. Top funded sectors between August 14 and August 20.

Source: TF Analytix.

Pre-seed

Pre-seed companies raised about $13 million across nine transactions, with fintech receiving nearly half of that amount.

Seed

In seed funding, 24 companies have raised a total of $125 million. Two blockchain startups, Linera and Helio Protocol, and supply chain tech startup Mercanis raised the largest rounds of $12, $10 and $10 million, respectively.

Series A

Artificial intelligence, climate technology and cybersecurity received most funding money in Series A. A total of $216 million was raised across 17 funding rounds.

Series B

Series B companies raised $362 million across 11 funding rounds. Energy technology was the biggest drawer of capital, $120 million in three funding rounds.

Series C

In Series C, four companies raised a total of $227 million. Among one of the most notable transactions, Helm.ai, a provider of unsupervised learning technology for artificial intelligence and autonomous technology, raised $55 million from Freeman Group.

Series D

Pivotal Commware, a startup that provides tools to extend 5G base stations, raised the largest round off $102 million from Gates Frontier and Tracker Capital. The remaining three companies collectively raised $77.6 million.

Venture and Strategic

Wind farm operator NextWind and mobile game developer Candivore received strategic investments worth $750 million and $100 million, respectively. In venture investments, zero-carbon industrial heat and power provider Rondo Energy, secured the largest round of $60 million.

Here are some interesting reads from this week: