Where have all the megarounds gone?

Plus, 3 steps toward SaaS profitability September 12, 2023 Hi, {NAME}. Megadeals. Supergiant rounds. Call them what you will. While it can seem like we’re [again hearing about more of those $100 million-plus rounds]( in reality [megadeals have dwindled from their peak](. Apparently, investors saw a lot more reasons to throw wads of $100 million or more around in 2021. 💸 [Where have all the megarounds gone?]( So far this year, just 97 U.S.-based companies have landed a round of $100 million or more at Series A through Series D, per [Crunchbase data](. Over the prior two years, meanwhile, more than 800 such rounds closed. What does that tell us about the venture market overall? Related Crunchbase Pro list: [Supergiant Rounds At Series A Through Series D]( 🦶 [3 strategic steps toward SaaS profitability]( It’s 2023, and startup investors increasingly want profitability over growth — or better yet, both. So how do you get there? Startup adviser [Itay Sagie]( shares three strategies for SaaS companies to consider as they try to perfect that magic blend. ▶️ [At least 4 tech companies now have 2023 IPOs lined up]( The same week that chip designer [Arm Holdings]( is slated to make its much anticipated [NYSE]( debut, another venture-backed startup filed new plans for an IPO. But while all eyes will be on Arm this week to see how it performs on the public markets, [Instacart]( is already tempering expectations for new tech offerings. The grocery delivery app on Monday set a target IPO valuation of $9.3 billion — a quarter of its valuation during its last funding round. Related Crunchbase Pro list: [Startup IPOs of 2023]( 🦄 [Nine new unicorns join the herd as two prepare to exit]( Nine companies joined [The Crunchbase Unicorn Board]( last month, with fintech leading the way. More significantly for the startup world, two highly valued unicorns are finally getting ready to leave the board this month in a test for the IPO markets. 🏅 [Top 10 deals: Big deals are back, baby]( Venture funding overall [may be scarce]( but big rounds are apparently in again. Last week, eight U.S. startups each raised $100 million or more — and one reportedly raised $1 billion. ✂️ [Even Jeff Bezos’ rocketship company is cutting staff]( Seventeen companies joined our [Tech Layoffs Tracker]( last week, collectively sacking more than 600 employees among them. Along with [Grindr]( they included a cybersecurity company, tech news publication, and [Jeff Bezos]( rocketship company. [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 [Seagate Technology]( [$1.3B]( / [Post-IPO Debt]( Seagate is a data storage and hardware company that offers hard disk drives (HDDs), solid-state drives (SSDs), and other storage solutions. Categories: Cloud Storage • Consumer Electronics • Data Storage • Flash Storage • Hardware • Information Services • Manufacturing • Software Founders: [Alan Shugart]( [Douglas Mahon]( [Finis Conner]( [Syed Iftikar]( [Tom Mitchell]( [Virgin Voyages]( [$550M]( / [Private Equity Round]( Virgin Voyages is a lifestyle travel brand that offers cruise vacations across different destinations. Categories: Leisure • Tourism • Travel Founders: [Richard Branson]( Investors: [Ares Management]( (Lead), [Bain Capital]( [Virgin Group]( [Marathon Digital]( [$417M]( / [Post-IPO Debt]( Marathon Digital is a bitcoin company focused on increasing the amount of computational power. Categories: Bitcoin • Blockchain • Cryptocurrency • FinTech More Fundings Company Amount / Round Lead Investor [ImmunityBio]( $270M / [Post-IPO Equity]( [NantCapital]( [ImmunityBio]( $200M / [Post-IPO Debt]( [NantCapital]( [Altisource]( $18M / [Post-IPO Equity]( - [All Recent Funding Activity]( Recent Acquisitions [Fortress]( Pending acquisition by [Ripple]( for Unknown More Acquisitions Company Acquired By Amount [Jonathan D. Pond]( [Dakota Wealth Management]( Unknown [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.