What’s spurring today’s layoffs, getting the best valuations in a downturn, and more - September 14, 2022

September 14, 2022 [What’s spurring tech layoffs today?]( Who has the power right now, startups or their employees? Could be a mix of both. We take a look at what’s behind the summer pink slips as more startups are forced to cut back. [How to get the best valuation in a downturn]( In these uncertain times, valuing a business has definitely changed. Startups must contend with higher risks, lower expectations for earnings, and other unknown complexities. Here are some tips on navigating the process. [TeraWatt charges up with $1B-plus raise]( Charging startup TeraWatt Infrastructure locked down a Series A of more than $1 billion. The investment came from funds managed by Vision Ridge Partners and existing investors Keyframe Capital and Cyrus Capital. [Redesign Health nabs $65M]( Positioned somewhere between an incubator and a venture capital firm, this New York-based startup raised $65 million in fresh funding to build more health care companies, according to reports. Catalyst Health led the round. [Pharmaceuticals are getting a blockchain makeover]( There is a shift underway in the decades-old biotech life cycle, one dominated by public research universities and large pharma giants, both of which work hand in hand to create many of the drugs we see today. Pharma is entering the blockchain world. [Northzone closes on $1B fund]( London-headquartered Northzone has closed on 1 billion euros ($1 billion), its largest fund to date and one of the largest funds raised in Europe this year. We spoke with partners Michiel Kotting, based in Amsterdam, and Wendy Xiao Schadeck from New York on the latest fund. [5 reasons you need a free Crunchbase account]( A free Crunchbase account allows you to make more informed business decisions with Crunchbase’s best-in-class data and actionable insights about the companies you care about the most. Here are 5 reasons why you need a free Crunchbase account. [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 [True Venture investments in the last year]( Companies 69 [Investments in satellite communication companies since 2010]( Funding Rounds 439 [Companies acquired by Walmart]( Acquisitions 27 [More Featured Searches and Lists]( [Check out our Crunchbase solutions here]( – prospecting tools made for everyone Recent Investments [Alnylam Pharmaceuticals]( [$900M]( / [Post-IPO Debt]( Alnylam Pharmaceuticals is a biopharmaceutical company focused on the discovery, development and commercialization. Categories: Biotechnology • Health Care • Medical • Pharmaceutical • Therapeutics Founders: [Christoph Westphal]( [David Bartel]( [John Clarke]( [Paul Schimmel]( [Phillip D. Zamore]( [Phillip Sharp]( [Robert Langer]( [Thomas Tuschl]( [Gotham Greens]( [$310M]( / [Series E]( Gotham Greens develops commercial-scale greenhouse facilities intended for sustainable vegetable production. Categories: Agriculture • Farming • Organic Food • Sustainability Founders: [Eric Haley]( [Viraj Puri]( Investors: [Ares Management]( (Lead), [BMO Capital Markets]( (Lead), [Common Fund]( [+ 4 more]( [Nimbus Therapeutics]( [$125M]( / [Venture Round]( Nimbus Therapeutics uses computational technology to create selective small molecule therapeutics. Categories: Biotechnology • Health Care • Therapeutics Founders: [Bruce Booth]( Investors: [Access Biotechnology]( [Atlas Venture]( [Bain Capital Life Sciences]( [+ 7 more]( More Fundings Company Amount / Round Lead Investor [Forge Biologics]( $90M / [Series C]( [Aisling Capital]( [Yulu]( 6.5B INR / [Series B]( [Magna International]( [HopSkipDrive]( $37M / [Series D]( - [Lumafield]( $35M / [Series B]( [Spark Capital]( [Hone]( $30M / [Series B]( [3L Capital]( [Cledara]( $20M / [Series A]( [CommerzVentures]( [VitalConnect]( Unknown / [Venture Round]( [Health Insight Capital]( [Gotham Greens]( Unknown / [Debt Financing]( - [All Recent Funding Activity]( Recent Acquisitions [PharmaLex]( Pending acquisition by [AmerisourceBergen]( for 1.3B EUR More Acquisitions Company Acquired By Amount [WIKKON]( [Advanced MedTech]( Unknown [All Recent Acquisition Activity]( Upcoming Tech Events Accelerator Deadlines Date Accelerator Location Sep 30, 2022 [GSV Ventures]( 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.