Psychedelics’ next trip, big rounds for biotech and drug discovery, and more - September 19, 2022

September 19, 2022 [What’s next for the psychedelic market]( After four years of optimistic funding fueled by strong research from top-tier universities, the novelty surrounding startups in the psychedelics market has died down and funding isn’t as generous as it used to be. We take a look at the factors involved. [Top 10 rounds: TeraWatt electrifies, biotech and drug discovery win big]( An electric vehicle charging startup may have raised the biggest round, but the real winners of the week were biotech and drug discovery companies. The list is dominated by biotech and health care startups as investors continue to see the value in new and innovative treatments. [Tech layoffs: The U.S. companies that have cut jobs in the past week]( After a banner year for tech, layoffs are here. We update our weekly tracker of which companies have cut staff. [More startups scale up to serve freelance and contract workers]( Freelancers and contract workers now make up a vast and growing portion of the labor force, offering startups new opportunities to make big bucks. Businesses serving these workers have collectively raised nearly $2.5 billion to date. We take a look at the data. [Startup investment in Congo, Iraq, Uganda, Bangladesh? You bet.]( Startup entrepreneurship and investment is a famously risky business, and founders and VCs overwhelmingly prefer business-friendly countries. But as new investment spreads throughout the globe, countries known as dangerous and difficult places for startups have come into play. With the help of World Bank and Crunchbase data, we look at four unexpected places where startup funding is on the rise. [Meet August’s new emerging unicorns]( In August, six companies joined the [Crunchbase Emerging Unicorn Board]( a curated list of companies valued above $500 million but less than $1 billion. Customer engagement and B2B fintech startups lead the way. [Identify new accounts with Crunchbase’s sales ROI calculator]( Crunchbase’s new sales ROI calculator is a simple yet informative tool that shows you how much potential revenue you can unlock with Crunchbase. When combined with Crunchbase data, you’ll be able to identify if there’s money to be made in your territories, find the right decision-makers to connect with and reach out without having to use additional tools. [Enhance Your Sales Team’s Prospecting]( [Crunchbase Enterprise is an all-in-one prospecting solution. Download this product overview sheet to learn how to close more deals without the headache.]( [Download Now]( Crunchbase Pro: Searches and Lists Name Type Entries [Travel companies funded in the last 6 months]( Companies 157 [Agriculture investments in the last 6 months]( Funding Rounds 399 [Investors who have recently invested in cryptocurrency companies]( Investors 612 [More Featured Searches and Lists]( [Check out our Crunchbase solutions here]( – prospecting tools made for everyone Recent Investments [Medtronic]( [3.5B EUR]( / [Post-IPO Debt]( Medtronic develops and manufactures medical device technologies and therapies to treat chronic diseases worldwide. Categories: Biotechnology • Health Care • Health Diagnostics • Medical Device • Therapeutics Founders: [Earl Bakken]( [Palmer Hermundslie]( [Nordstrom]( [5.9B MXN]( / [Post-IPO Equity]( Nordstrom is an online fashion retailer that offers a selection of brand names and private label merchandise. Categories: Consumer Goods • E-Commerce • Fashion • Retail Founders: [Bob Schwartz]( [John W. Nordstrom]( Investors: [El Puerto de Liverpool]( (Lead) [Denim]( [$100M]( / [Debt Financing]( Denim is a financial platform that offers intelligent financial products, operations tools, and time-saving automation. Categories: Finance • FinTech • Information Services • Information Technology Founders: [Bharath Krishnamoorthy]( [Shawn Vo]( More Fundings Company Amount / Round Lead Investor [Galvanize Therapeutics]( $100M / [Series B]( [Fidelity Management and Research Company]( [SBI Card]( 5.0B INR / [Post-IPO Debt]( - [Polywork]( $28M / [Series B]( [Caffeinated Capital]( [Denim]( $26M / [Series B]( [Pelion Venture Partners]( [HICX]( $22M / [Venture Round]( [Wavecrest Growth Partners]( [Rephrase.ai]( $11M / [Series A]( [Red Ventures]( [HICX]( $8.0M / [Debt Financing]( [Espresso Capital]( [Mamaearth]( 60M INR / [Venture Round]( [Shilpa Shetty]( [Kahoot!]( Unknown / [Post-IPO Secondary]( [General Atlantic]( [All Recent Funding Activity]( Recent Acquisitions [Forever 8 Fund]( Pending acquisition by [Cryptyde]( for $56M More Acquisitions Company Acquired By Amount [Centum Learning]( [UpGrad]( Unknown [All Recent Acquisition Activity]( Upcoming Tech Events Accelerator Deadlines Date Accelerator Location Nov 19, 2022 [CyRise]( Melbourne Dec 1, 2022 [Fast Track Malmo]( Malmö [More Upcoming Deadlines]( Don’t see your event? 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