Want to raise a Series D? Good luck

Plus, corporate investors step in as VCs flee May 4, 2023 [Why you should care that Series D rounds have dwindled]( The lack of large exits, combined with falling tech valuations and slower startup investment, has made the case for funding a Series D round much harder in recent months. All that means U.S. investment at this stage is at its lowest point in years even as [these few startups]( make the cut. [Corporate VCs step in as traditional investors bow out]( As overall startup investment declines, the share of funding conducted by corporate venture backers appears to be on the rise. [Redaptive adds to Series E — hits $250M]( Denver-based [Redaptive]( added another $50 million to its Series E, proving that investors will pay big money for lower energy bills. Redaptive is just one of several [VC-backed energy efficiency startups]( gaining support. [This startup just raised $90M to fight cancer]( [Convergent Therapeutics]( an oncology startup targeting prostate cancer, raised $90 million in Series A funding. The round was led by [OrbiMed]( and [RA Capital Management]( with additional participation from [Invus](. [Surprising sector leads in bummer month for venture funding]( Move over AI — other sectors are raising money too. Global funding reached $21 billion in April, down 56% from $47.8 billion year over year. The slowdown has impacted all funding stages, but there was a bright spot, with close to $5.7 billion invested in a single sector last month. We dig into the numbers. [Cybersecurity still finding its place in new AI era]( Can we count on machines to protect our data? At the recent [RSA Conference]( talk of AI and its uses in new applications and security functions abounded as the typically robust cybersecurity sector has seen signs of slowing. [VC-backed AI cyber startups]( can see the potential. [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]( Recent Investments [Dexcom]( [$1.0B]( / [Post-IPO Debt]( Dexcom develops, manufactures, and distributes continuous glucose monitoring systems for diabetes management. Categories: Diabetes • Health Care • Health Diagnostics • Medical Device Founders: [John Burd]( [Scott Glenn]( [BrightSpeed LLC]( [$500M]( / [Private Equity Round]( BrightSpeed is a broadband and telecommunications services company that serves homes and businesses. Categories: Internet • Telecommunications • Wireless Investors: [Mubadala]( (Lead) [Sourcepass]( [$65M]( / [Private Equity Round]( Sourcepass focuses on making acquisitions in the managed IT service space. Categories: Information Services • Information Technology • Software Founders: [Chuck Canton]( Investors: [Metropolitan Partners]( (Lead) More Fundings Company Amount / Round Lead Investor [Foretellix]( $43M / [Series C]( [83North]( [Ace Turtle]( $34M / [Series B]( [SBI Investment]( [Nomba]( $30M / [Series B]( [Base10 Partners]( [Thesis]( $8.4M / [Series A]( - [Tangem]( $8.0M / [Venture Round]( [Shima Capital]( [Revlon]( Unknown / [Private Equity Round]( - [All Recent Funding Activity]( Recent Acquisitions [KOOK]( Pending acquisition by [Pluckk]( for $1.3M More Acquisitions Company Acquired By Amount [RHI Industrials]( [Mitie]( 19M GBP [All Recent Acquisition Activity]( #{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 © 2023 Crunchbase Inc. All rights reserved. [Privacy Policy]( | [Terms of Service]( [Unsubscribe]( from Crunchbase Daily.