Why biotech investors love platforms, the week’s 10 biggest rounds, and more - August 29, 2022

August 29, 2022 [Why biotech investors love platforms]( Drug development platforms such as 1200 Pharma are becoming the darlings of the biotech venture world. After all, why focus on a single molecule when you can invest in a “machine” that helps produce many of them? [The week’s 10 biggest funding rounds: Clean energy cleans up]( Clean energy startups took the top two spots in a week dominated by biotech/health care as well as companies raising “extensions” of older rounds. [Tech layoffs In 2022: The U.S. companies that have cut jobs]( After a banner year for tech, layoffs are here. More than 39,000 workers in the U.S. tech sector have been laid off in mass job cuts so far in 2022, according to a Crunchbase News tally. [Can a sale stave off layoffs? VCs say ‘no’]( Venture capitalists and those who sit on boards say while preserving jobs always is a concern, selling a company in an effort to avoid layoffs is a gambit unlikely to pay off in the long run. We talk to industry watchers. [Aktis Oncology nabs an up round of $84M in extension funding]( Biotech firm Aktis Oncology has closed an $84 million extension round partially funded by large pharma companies like Merck, Bristol Myers Squibb and Novartis. We take a look at what the up round means for the company and the sector. [Alabama’s Landing rolls up $125M for ‘flexible’ apartment living]( Alabama-based Landing, which offers a subscription model for apartment rentals, raised a $125 million Series C to expand its network. [What is Crunchbase’s rank and trend score?]( For salespeople, it’s imperative to prioritize the right prospects. Crunchbase’s rank and trend scores are designed to surface the companies you need to know about and help you identify the perfect time to reach out. [Crunchbase ROI Calculator]( [See the number of new accounts Crunchbase can add to your funnel with our advanced prospecting ROI calculator powered by Crunchbase data.]( [Calculate]( Crunchbase Pro: Searches and Lists Name Type Entries [Music companies with $50M+ VC funding]( Companies 87 [Shipping companies in Crunchbase]( Companies 114 [Former Hampton Creek board members]( People 0 [More Featured Searches and Lists]( [Check out our Crunchbase solutions here]( – prospecting tools made for everyone Recent Investments [Landing]( [$125M]( / [Series C]( Landing is a membership-based network that offers a subscription model for the apartment rental experience. Categories: Leasing • Real Estate • Rental • Rental Property • Residential Founders: [Bill Smith]( Investors: [Delta-v Capital]( (Lead), [Foundry Group]( [Greycroft]( [Paper Boat]( [4.0B INR]( / [Series D]( Paper Boat is an e-commerce platform that sells beverages which are based on scientific observation and analysis of nature. Categories: E-Commerce • Food and Beverage • Green Consumer Goods Founders: [James Nuttall]( [Neeraj Kakkar]( [Suhas Misra]( Investors: [GIC]( (Lead) [Tridge]( [50B KRW]( / [Series D]( Tridge develops an online trade platform that matches global food agriculture buyers and sellers. Categories: Agriculture • AgTech • E-Commerce • Trading Platform Founders: [Hoshik Shin]( [Kangwook Lee]( [Minjong Chung]( Investors: [DS Asset Management]( (Lead) More Fundings Company Amount / Round Lead Investor [Pattern Ag]( $35M / [Series B]( [Continental Grain Company]( [Goldcast]( $28M / [Series A]( [Westbridge Capital]( [Nreal]( $15M / [Corporate Round]( [iicombined]( [Cygni Energy]( 1.0B INR / [Series B]( [Meridian Global Ventures]( [WayCool]( 950M INR / [Venture Round]( [Trifecta Capital Advisors]( [HealthAssure]( 500M INR / [Series B]( [Rajiv Dadlani Group]( [Neurons]( 6.0M EUR / [Seed Round]( - [WayCool]( Unknown / [Debt Financing]( [Trifecta Capital Advisors]( [Cygni Energy]( Unknown / [Debt Financing]( [Indian Overseas Bank]( [Landing]( Unknown / [Debt Financing]( - [All Recent Funding Activity]( Recent Acquisitions [Micro Focus]( Pending acquisition by [OpenText Corporation]( for $6.0B More Acquisitions Company Acquired By Amount [Ivari]( [Sagicor Financial Corp.]( 325M CAD [All Recent Acquisition Activity]( Upcoming Tech Events Accelerator Deadlines Date Accelerator Location Sep 2, 2022 [Alchemist Accelerator]( San Francisco Oct 3, 2022 [Hangar 51]( London [More Upcoming Deadlines]( Don’t see your event? Reach out to us at events@crunchbase.com. #{Rails.configuration.daily.cb_url} Discover innovative companies and the people behind them. [Follow Us on Crunchbase]( [View Jobs on LinkedIn]( [Follow Us on Twitter]( [Like Us on Facebook]( 564 Market St, San Francisco, CA 94104 © 2022 Crunchbase Inc. All rights reserved. [Privacy Policy]( | [Terms of Service]( [Unsubscribe]( from Crunchbase Daily.