How low can North American startup funding go?

Plus, these robots just got $170M July 7, 2023 Hi, {NAME}. We’re sorry to be the bearer of bad news, but things aren’t looking good on the startup funding front. Funding to North America — the largest startup region in the world — [fell across all stages in Q2]( with both dollar volume and deal counts declining. 🪨 [When do we hit rock bottom? North American funding falls again]( Despite the [mounting AI buzz]( and some resurgence in the IPO [and M&A markets]( actual North American funding tallies are unequivocally trending lower. In fact, second-quarter venture spending in the region was by far the lowest quarterly total in more than three years. 🤖 [These robots just got $170M despite funding slump]( Japanese robotics firm [Telexistence]( raised a $170 million Series B, which included a commitment from new investor [SoftBank Group](. The deal comes just weeks after SoftBank said it is going on the offensive in the AI race, and as robotics startup funding overall has dwindled. 🔥 [After sizzling first half, don’t expect AI investment to cool off]( Seems like nearly every startup is claiming the AI label these days as one huge funding round is followed by an even bigger one. AI buzz has dominated the first half of this year, and all signs point to more big announcements to come. In this Mid-Year Report, we dig into 2023’s numbers and trends for AI investment. 💲 [Mid-Year Report: Who could still go public in 2023?]( While IPOs came to a screeching halt last year, we’ve seen a few promising public offerings in the first half of 2023. [Here are ideas for 11 companies]( — ranging from fashion to fintech to pharma and of course AI — that could take on the public markets in the second half. 📉 [AI was Q2’s big hope to end funding slowdown. It wasn’t enough]( Artificial intelligence gave investors a lot to cheer about in second-quarter 2023, with hefty funding rounds, large acquisitions and rising stock prices. But global venture funding still fell 18% in Q2 quarter over quarter to $65 billion, [Crunchbase]( data shows. We dig into the numbers. ➡️ [The Billion-Dollar Exits Board: Track large IPOs, SPACs and M&A]( [The Crunchbase Billion-Dollar Exits Board]( is a curated list of U.S. startup exits — IPOs, SPACs, mergers and acquisitions, and other deals — valued at $1 billion or more, powered by [Crunchbase]( comprehensive data. [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]( Crunchbase Pro: Searches and Lists Name Type Entries [Top investors in robots (by CB Rank)]( Investors 4438 [Apple AI Acquisitions]( Acquisitions 17 [Venture funding in Texas based startups in the last year]( Funding Rounds 1043 [More Featured Searches and Lists]( [Check out our Crunchbase solutions here]( – prospecting tools made for everyone Recent Investments [Nikola Motor Company]( [$42M]( / [Grant]( Nikola Motor Company designs and manufactures electric components, energy storage systems, drivetrains, and vehicles. Categories: Automotive • Electric Vehicle • Manufacturing • Transportation Founders: [Trevor Milton]( Investors: [California Transportation Commission]( (Lead) [COMPASS Pathways]( [$30M]( / [Debt Financing]( Compass Pathways is a biotechnology company that accelerates patient access to evidence-based innovation in mental health. Categories: Biotechnology • Health Care • Life Science • Personal Health • Wellness Founders: [Ekaterina Malievskaia]( [George Goldsmith]( [Lars Christian Wilde]( Investors: [Hercules Capital]( (Lead) [FINN]( [25M EUR]( / [Debt Financing]( FINN provides mobility solution by offering monthly car subscriptions through their online platform. Categories: Automotive • Car Sharing • Leasing Founders: [Andreas Stryz]( [Hans-Peter Ringer]( [Max-Josef Meier]( [Maximilian Wühr]( [Nikolai Schröder]( Investors: [Avellinia Capital]( (Lead) More Fundings Company Amount / Round Lead Investor [Hithium Energy Storage]( 4.5B CNY / [Series C]( [Beijing Financial Street Capital Operation Center]( [Silvr]( 200M EUR / [Debt Financing]( [Channel Capital Advisors]( [Embracer Group]( 2.0B SEK / [Post-IPO Equity]( - [Battery Smart]( 2.7B INR / [Series B]( - [Qover]( $30M / [Series C]( - [Steadily]( $28M / [Series B]( [Zigg Capital]( [Natural Fiber Welding]( $23M / [Debt Financing]( - [All Recent Funding Activity]( Recent Acquisitions [American Equity Investment Life Holding Company]( Pending acquisition by [Brookfield Reinsurance Partners]( for $4.3B More Acquisitions Company Acquired By Amount [Varagon Capital Partners]( [Man Group]( $183M [All Recent Acquisition Activity]( Upcoming Tech Events [Education 2.0 Conference USA]( July 10 - 12, 2023 in Las Vegas Education Outstanding Leadership Award Accelerator Deadlines Date Accelerator Location Jul 16, 2023 [DPD EcoLab]( London Jul 23, 2023 [Braid Theory]( San Pedro [More Upcoming Deadlines]( Don’t see your event? 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