10 companies still reeling in big VC bucks, Web3 not looking so hot, and more - November 2, 2022

November 2, 2022 [The 10 biggest rounds of October]( Venture dollars have slowed significantly but there are a few areas that VCs are still willing to write big checks for, including cleantech and biotech. We look at the 10 largest U.S. venture deals in October. [A not-so-hot Q4 start for Web3]( Web3 proponents hoping for a strong fourth-quarter bounceback could be looking at more bad news. [Investors cook up $110M for TouchBistro]( TouchBistro, a restaurant point-of-sale system, nabbed $110 million (CAD $150 million) in growth financing. It plans to use the fresh cash to expand its product line and bolster acquisition efforts. [SaaS class of 2021 is down but not out]( Most of the factors that conspired last year to make it a crazy bullish period for SaaS offerings have reversed. That goes a long way to explain why SaaS companies that debuted to multibillion-dollar market caps in 2021 are now almost universally trading well below their offer price. [Funding to Latine-founded US companies falls sharply in 2022]( Venture funding is down all around, but this year’s pullback is hitting Latine-funded companies in the U.S. particularly hard. Funding to Latine-founded companies fell more than 80% in third-quarter 2022, both quarter over quarter and year over year. [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%. [Here’s what the first wave of teletherapy got wrong]( It’s been a banner year for teletherapy funding, and the newest crop of startups operate very differently than those founded a decade ago. We look at how the teletherapy sector changed its business model, its workforce and its technology. [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 [Seed and venture investments in construction companies in the past year]( Funding Rounds 225 [Recently closed companies that raised more than $50M]( Companies 336 [Companies acquired by Cisco]( Acquisitions 238 [More Featured Searches and Lists]( [Check out our Crunchbase solutions here]( – prospecting tools made for everyone Recent Investments [Wynn Resorts]( [$403M]( / [Post-IPO Equity]( Wynn Resorts provides hotels, casinos, restaurants, and entertainment. Categories: Casino • Gaming • Hospitality • Lifestyle • Resorts Founders: [Kazuo Okada]( [Steve Wynn]( Investors: [Fertitta Entertainment]( (Lead), [Tilman Fertitta]( [Nuvalent]( [$230M]( / [Post-IPO Equity]( Nuvalent is a biotechnology company that develops targeted therapies for clinically proven kinase targets in cancer. Categories: Biotechnology • Life Science • Therapeutics Founders: [Matthew Shair]( [Solugen]( [$200M]( / [Series D]( Solugen is a biotech startup that replaces petroleum-based products with plant-derived substitutes. Categories: Biopharma • Biotechnology • Chemical • GreenTech • Manufacturing Founders: [Gaurab Chakrabarti]( [Sean Hunt]( Investors: [Kinnevik]( (Lead), [Lowercarbon Capital]( (Lead), [Refactor Capital]( (Lead) [+ 3 more]( More Fundings Company Amount / Round Lead Investor [Volocopter]( $182M / [Series E]( [Gly Capital Management]( [Human Immunology Biosciences]( $120M / [Series A]( [ARCH Venture Partners]( [TouchBistro]( 150M CAD / [Private Equity Round]( [Francisco Partners]( [ColdQuanta]( $110M / [Series B]( [LCP Quantum]( [Terran Orbital]( $100M / [Post-IPO Equity]( [Lockheed Martin]( [Ellevio]( 1.0B SEK / [Debt Financing]( [Nordic Investment Bank]( [Icertis]( $75M / [Convertible Note]( [Silicon Valley Bank]( [All Recent Funding Activity]( Recent Acquisitions [Abiomed]( Pending acquisition by [Johnson & Johnson]( for $17B More Acquisitions Company Acquired By Amount [Emerson Climate Technologies]( [Blackstone Group]( $14B [All Recent Acquisition Activity]( Upcoming Tech Events Accelerator Deadlines Date Accelerator Location Dec 31, 2022 [Nex Cubed]( San Francisco Dec 31, 2022 [UNIFIED BUSINESS SOLUTION]( Summerville [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.