top funding rounds

• mistral ai raised €105.0m in total equity funding as of june 2023
• celestial ai raised $100.0m in series b funding, bringing their total to $163.9m
• redpanda data raised $100.0m in series c funding, bringing their total to $165.5m
• typeface raised $100.0m in series b funding, bringing their total to $165.0m

funding by round

• pre-seed funding reached $58.2m across 24 deals
• seed round funding hit $1.1b across 189 deals
• series a funding reached $1.9b across 106 deals
• series b funding amounted to $2.8b across 71 deals
• series c funding reached $2.0b across 30 deals
• series d funding secured $875.5m across 9 deals
• series e funding reached $87m across 1 deal
• other rounds accounted for $66.5b across 72 deals

quarterly trends

• q2 2023 funding declined 18% quarter-over-quarter to $65b
• h1 2023 funding reached $144b, a 51% drop from h1 2022
• ai startups contributed nearly a fifth of total global venture funding in h1 2023

sector highlights

• healthcare, productivity tools, and wellness saw some of the biggest funding rounds
• biotechnology, medical devices, and pharmaceuticals also attracted substantial investment

while funding amounts have declined significantly year-over-year, the startup ecosystem continues to attract substantial capital across all stages. ai and healthcare remain key areas of investor focus as the industry navigates a more selective funding environment.

top funded industries in june 2023

the industries that attracted the most funding in june 2023 were:

healthcare

healthcare startups, particularly those focused on oncology and ophthalmology, secured some of the biggest funding rounds in june 2023. key deals included:

• upstream bio raised $200m in series b funding to advance its monoclonal antibody for allergic and inflammatory diseases
• worg pharmaceuticals, a chinese company developing immunotherapies for allergic and autoimmune diseases, raised $152m in series c funding
• aavantgarde bio, an italian gene therapy company, raised $65.1m in series a funding to advance its treatments for retinal diseases

productivity tools

startups developing productivity software and tools were another major focus for investors in june. while specific company names were not provided, the search results indicate this was one of the top funded sectors alongside healthcare and wellness.

wellness

similar to productivity tools, wellness-focused startups also attracted substantial funding in june 2023, placing it among the most well-funded industries for the month.

biotechnology, medical devices, and pharmaceuticals

in addition to the broader healthcare sector, the more specific verticals of biotechnology, medical devices, and pharmaceuticals also saw significant investment in june 2023.

while the exact funding amounts for each industry were not provided, the search results make it clear that healthcare, productivity tools, wellness, biotechnology, medical devices, and pharmaceuticals were among the most attractive sectors for startup investors in june 2023.

in june 2023, several industries outside of healthcare saw significant funding, highlighting a diverse range of interests from investors. key sectors that attracted notable investments included:

information technology

the information technology sector performed strongly, with a reported increase of 18.5% in funding during the quarter. this growth reflects a robust interest in software solutions, cloud computing, and cybersecurity technologies.

consumer discretionary (luxury retailers)

this sector also showed promise, with a return of 11.3%. startups focusing on e-commerce, retail technology, and consumer services received considerable attention from investors.

industrials

the industrials sector saw a 4.3% increase in funding, indicating ongoing investor confidence in manufacturing technologies, logistics, and supply chain innovations.

biotechnology (non-healthcare)

while healthcare biotech received the majority of attention, there were investments in biotechnology applications related to sustainable materials and food production. notably, ecovative design raised $30 million for its sustainable materials derived from mushroom mycelium, and uncommon secured $30 million for lab-grown pork products, showcasing innovation in food technology.

emerging technologies

investments in emerging technologies, particularly those leveraging artificial intelligence and data analytics, were also significant. the convergence of digital tools and traditional industries is reshaping various sectors, further attracting investor interest.

these industries reflect a broader trend of diversification in startup funding, moving beyond traditional sectors like healthcare to include technology, consumer services, and sustainable innovations.