How low can it go? Pretty low. Global venture funding dips in November, and more - December 12, 2022

December 12, 2022 [Global venture funding drops further in November]( Global venture funding reached $22 billion in November 2022, down 69% from $70 billion in November 2021. Month-over-month funding is also down by 19%. This is the lowest funding month on record since February 2020 with $18.3 billion invested. [The 10 biggest rounds: Investors fanatical about Fanatics and more]( Funding news in general seemed to pick up after the typical slowdown before Thanksgiving, but large rounds were hard to find, with only five of more than $100 million. [The latest U.S. tech layoffs]( While the U.S. jobs market overall remains tight, the tech sector is feeling the sting. The latest cuts came from Adobe, BuzzFeed and Airtable. [Telehealth startups pivot (yet again)]( As tech companies slash their workforces and tighten their 2023 budgets, employers that once embraced shiny new perks to attract and retain talent are reevaluating their benefit offerings. Following suit, startups that made employer benefits their bread-and-butter business model are also shifting gears to depend on them less. [Crunchbase data digest: Unicorn herd drops, AI takes over, and more]( This week we learned (sadly, what we already knew) professional writers are just as replaceable — or at least pretty close to replaceable — as anyone else. This, from the launch of ChatGPT. We also saw some companies lose a coveted spot on [The Crunchbase Unicorn Board]( as the FTX fallout continued to wreak havoc on the startup world. [How likely is a recession in 2023? You tell us.]( Fill out Crunchbase News’ short reader survey to share your thoughts on the likelihood of a recession, your outlook for hiring and cost-cutting in 2023, and more. [Value vaporized from the Unicorn Board With FTX collapse]( Four newly minted unicorn companies joined [The Crunchbase Unicorn Board]( in November 2022, while three got booted. This is the lowest count on record for new unicorns since the beginning of 2020. Exclusive End-Of-Year Promo Discover companies in a position to buy right now with Crunchbase Pro - now 20% off with code CLOSE2022. Redeem now to increase your ROI with a single solution. [Redeem Offer]( [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 [south korean rounds over $10M]( Funding Rounds 147 [Norwest Venture Partners exits]( Acquisitions 159 [Prominent Female Investors]( Investors 1527 [More Featured Searches and Lists]( [Check out our Crunchbase solutions here]( – prospecting tools made for everyone Recent Investments [Nutrabolt]( [$863M]( / [Secondary Market]( Nutrabolt is a dietary health supplement distributor and seller. Categories: Fitness • Marketing • Nutrition Investors: [Keurig Dr Pepper]( (Lead) [Autolus]( [122M GBP]( / [Post-IPO Equity]( Autolus is a biopharmaceutical company focused on T-cell programming and manufacturing technology. Categories: Biopharma • Biotechnology • Medical • Pharmaceutical Founders: [Martin Pule]( [Tim Funnell]( [Younited]( [60M EUR]( / [Venture Round]( Younited provides an online platform that connects and facilitates financial transactions between lenders and borrowers. Categories: Credit • Financial Services • FinTech Founders: [Charles Egly]( [Geoffroy Guigou]( [Thomas Beylot]( Investors: [Bpifrance]( [Crédit Mutuel Arkéa]( [Eurazeo]( [+ 1 more]( More Fundings Company Amount / Round Lead Investor [Moove]( $30M / [Debt Financing]( [Franklin Templeton Investments]( [Express]( $25M / [Post-IPO Equity]( [WHP Global]( [Bigtincan]( 35M AUD / [Post-IPO Equity]( - [Uolo]( $22M / [Series A]( [Winter Capital]( [Cropin]( 1.1B INR / [Series D]( - [Virohan]( 562M INR / [Series B]( [Blume Ventures]( [Selfbook]( Unknown / [Venture Round]( [American Express Ventures]( [Uolo]( Unknown / [Debt Financing]( - [All Recent Funding Activity]( Recent Acquisitions [Origin]( Pending acquisition by [MMGY Global]( for Unknown More Acquisitions Company Acquired By Amount [IWC Group]( [BNP Paribas Asset Management]( Unknown [All Recent Acquisition Activity]( Upcoming Tech Events Accelerator Deadlines Date Accelerator Location Dec 25, 2022 [Sputnik ATX]( Austin Mar 16, 2023 [Novotech]( Sydney [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.