Fashion IPOs fall hard on the runway, hot sectors silent in recent funding rounds, and more - October 24, 2022

October 24, 2022 [IPO returns show fashion startups were not runway ready]( Venture capitalists are not known for their fashion sense. Turns out, they haven’t been doing well lately with fashion-related IPOs either. A Crunchbase survey of six venture-backed companies in the clothing and accessories industry that went public last year shows an average post-IPO decline of 74%. [Top 10: Sequoia Financial grabs $200M; Jasper rides AI momentum]( This time last year, a startup would have needed to raise $100 million to make this list—those days are long gone. Nevertheless, the market is strong for those in AI, biotech and finance, while others in formerly smoking hot sectors like crypto, blockchain and security remain noticeably silent. [The week in layoffs: Loom, Flipboard and Gopuff join the list]( Tech layoffs have been prevalent throughout 2022 and it appears the trend will continue through the rest of the year. We update our weekly tracker of which companies have cut staff. [VC funding to India startups plummets]( Funding in India has dropped to its lowest point since the first quarter of 2020. VC-backed companies took in $2.9 billion in the third quarter of this year, a massive 66% drop from the previous quarter and a mind-blowing 81% drop from the same quarter last year. [As overloaded families turn to famtech, funding follows]( More tech startups are building productivity tools for families looking for ways to manage household tasks, find care and free up time. We look at the VC investment in this growing space. [Supply chain unicorn Flexport’s financing arm nabs $200M]( Just eight months after Flexport locked up a $935 million round valuing the company at $8 billion, its trade financing arm secured its own $200 million investment from PE giant KKR. [Nominations are open for Crunchbase’s 2023 Influential Women in Sales]( Apply now to Crunchbase’s 2023 Influential Women in Sales List! We are gathering submissions from our community to shine a spotlight on impactful women sales leaders. We’re looking for rising leaders who are driving innovation and business growth, offer a unique background and perspective, and are committed to equity and diversity in sales and beyond. The winners will be featured in a list published on the Crunchbase Blog in March 2023 in honor of Women’s History Month. Know someone who should be featured? Fill out the [form here](. [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 [Cloud services companies recently funded]( Funding Rounds 150 [Dating companies]( Companies 654 [Current female founders who used to work at Google]( People 94 [More Featured Searches and Lists]( [Check out our Crunchbase solutions here]( – prospecting tools made for everyone Recent Investments [Achieve]( [$225M]( / [Debt Financing]( Achieve provides digital personal finance tools to help clients with their financial well-being. Categories: Financial Services • FinTech • Personal Finance Founders: [Andrew Housser]( [Bradford Stroh]( Investors: [O’Connor Capital Solutions]( (Lead) [Banyan]( [$28M]( / [Series A]( Banyan is a digital marketing and patient engagement platform helping healthcare professionals humanize healthcare. Categories: Digital Marketing • Health Care • Marketing Automation • Social Media • Software Founders: [Brandon Andra]( [Steve Miller]( [Tom Clark]( Investors: [Fin Capital]( (Lead), [M13]( (Lead), [FIS Impact Ventures]( [+ 1 more]( [CARIUMA]( [$16M]( / [Venture Round]( CARIUMA is a direct-to-consumer sneaker brand made from natural materials. Categories: E-Commerce • Fashion • Shoes Founders: [David Python]( [Fernando Porto]( Investors: [East Ventures]( (Lead), [Innova Capital]( [Madrone Capital Partners]( [+ 1 more]( More Fundings Company Amount / Round Lead Investor [Tellius]( $16M / [Series B]( [Baird Capital]( [Banyan]( $15M / [Debt Financing]( [Bridge Bank]( [Sientra]( $13M / [Post-IPO Equity]( - [GlobalFair]( $12M / [Series A]( [Lightspeed India Partners]( [GlobalFair]( $8.0M / [Debt Financing]( - [Alef Aeronautics]( $3.0M / [Seed Round]( [Draper Associates]( [Sightline Payments]( Unknown / [Corporate Round]( [JP Morgan]( [Vertiv]( Unknown / [Post-IPO Equity]( [Starboard Value]( [RARIO]( Unknown / [Funding Round]( [Sachin Tendulkar]( [All Recent Funding Activity]( Recent Acquisitions [DJS Antibodies]( Pending acquisition by [AbbVie]( for $255M More Acquisitions Company Acquired By Amount [Nora Pharma]( [Sunshine Biopharma]( 30M CAD [All Recent Acquisition Activity]( Upcoming Tech Events [FUSE Vol. 3 Growth Industry Conference]( November 28 - December 28, 2022 FUSE Vol.3 is an international conference that provides attendees a venue for collaboration and co-creation through its Pitch Contest. 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