The global startup funding landscape in July 2023 showed a mix of ups and downs across different funding rounds:
- total global venture funding was $13.25 billion across 466 deals, compared to $13.55 billion across 502 deals in June.
- pre-seed funding decreased from $58.21 million to $41.75 million, with deals dropping from 24 to 19.
- seed round funding also reduced from $1.14 billion to $947.14 million, with deals dropping from 189 to 167.
- series a funding increased from $1.96 billion to $2.51 billion, despite a slight decrease in deals from 106 to 101.
- series b funding rose from $2.79 billion to $1.75 billion, with deals decreasing from 71 to 49.
- series c funding experienced a decline from $2.05 billion to $2.53 billion, with deals dropping from 30 to 23.
- series d funding decreased from $875.5 million to $723 million, with deals reducing from 9 to 6.
- series e funding remained stable at $65 million, with 1 deal.
Diverse industries like chemical, manufacturing, agriculture, healthcare, fashion, cybersecurity, and renewable energy saw significant funding rounds.
startup funding in india in july 2024
In contrast, the Indian startup ecosystem saw a notable increase in both deal volume and total funding in July 2024:
- total funding reached ₹8,865 crores across 99 deals, a 26% increase from June 2024 and 43% higher than July 2023.
- top deals included Leap Green Energy (₹1,671.20 cr), Rapido (₹1,002 cr), and Gruner Renewable Energy (₹502 cr).
- Blume Ventures and Faad Network were the most active investors with 4 deals each.
The significant funding, especially in renewable energy and transportation, is expected to generate numerous employment opportunities and contribute to India’s sustainable development.
startup funding in mena in july 2023
Startups in the Middle East and North Africa (MENA) region raised $95 million across 31 deals in July 2023, a slight dip from $105 million in July 2022:
- month-on-month, funding increased by 167% from June’s $35.6 million, while deal volume fell by 31%.
- excluding One Moto’s $40 million round, equity funding was $55 million, a 55% increase month-on-month.
- Saudi Arabia attracted the most funding with $18 million across 5 deals, followed by Egypt ($7 million) and Morocco ($2 million).
- seed and pre-seed stage startups dominated deal volume with 15 deals.
- mobility and foodtech were the top-funded sectors, with One Moto’s round and $17 million raised across 5 foodtech deals.
Despite the overall slowdown, the MENA region continues to attract investments, with the US, Egypt, UAE, and Saudi Arabia being the most active investors.
In July 2023, several industries stood out in terms of significant funding, reflecting the dynamic nature of the global startup ecosystem. Here are the key sectors that attracted the most investment:
major industries with significant funding
- renewable energy
- The renewable energy sector saw substantial investments, particularly highlighted by large funding rounds, such as Leap Green Energy’s ₹1,671.20 crores in India.
- mobility
- The mobility sector was notably boosted by One Moto’s $40 million lease financing round, making it the top-funded sector in the MENA region. This sector continues to attract significant capital as it evolves with new technologies and sustainability efforts.
- foodtech
- Foodtech emerged as a significant beneficiary of funding, particularly in the MENA region, where it raised $17 million across five deals. This growth is attributed to the increasing adoption of enterprise SaaS solutions in the food and beverage sector.
- healthcare
- The healthcare industry maintained its appeal for investors, contributing to the overall funding landscape. Startups in this sector are leveraging technology to enhance service delivery and patient care, thus attracting substantial investments.
- cybersecurity
- As digital threats continue to rise, cybersecurity firms have been securing significant funding rounds. This sector remains a priority for investors looking to mitigate risks in an increasingly digital world.
- manufacturing
- The manufacturing sector is experiencing a resurgence, largely due to legislative support in the U.S. aimed at boosting domestic production capabilities, particularly in clean energy and semiconductor manufacturing.
- agriculture
- Agricultural technology startups are gaining traction, reflecting a growing interest in sustainable practices and innovations that enhance food production and supply chain efficiencies.
These industries collectively highlight a trend towards sustainable and technology-driven solutions, with investors increasingly focusing on sectors that promise long-term growth and societal impact.