In February 2024, the global startup funding landscape experienced a notable shift, with approximately $25.15 billion raised across 551 deals. This represented a decrease compared to January 2024, which saw $42.03 billion raised in 561 deals. The funding distribution highlighted varying trends across different investment stages.
Funding breakdown by round
- Pre-seed funding: $148.83 million (35 deals)
- Seed round: $984.60 million (169 deals)
- Series A: $2.18 billion (110 deals)
- Series B: $3.31 billion (49 deals)
- Series C: $1.95 billion (26 deals)
- Series D: $836 million (10 deals)
- Series E: $633.70 million (5 deals)
- Other: $15.10 billion (147 deals)
The data indicates a strong interest in mid to late-stage startups, particularly in Series B and Series C funding, reflecting investor confidence in these companies’ growth potential. Notably, AI-focused companies captured over 20% of all venture funding, highlighting the sector’s attractiveness driven by advancements in technology and data utilization.
Notable funding rounds
- Figure Robotics: $675 million in Series B funding, focusing on AI robotics.
- Glean: $203.2 million in Series D funding, specializing in AI-powered work solutions.
- EigenLayer: $100 million in Series B funding, a blockchain infrastructure startup.
Sector highlights
- Artificial Intelligence (AI)
- Electronics
- Renewable Energy
- FinTech
- Health Care
The data suggests a shift in investor priorities, with a focus on companies that have demonstrated viability and are poised for scaling, while early-stage startups may face increased competition for funding.
Overall, February 2024’s funding environment reflects a dynamic and evolving investment landscape, with investors increasingly favoring established startups in promising sectors.