Glimmers of recovery in Asia, LatAm Q3 funding numbers

Plus, ex-unicorn snapped up at big discount October 13, 2023 Hi, {NAME}. Around the globe, we’re seeing patches of hope in the startup funding landscape. Venture funding to both Asia and Latin America hopped 8% in Q3. In Asia, that was [led by rebounds in Israel and China](. And in Latin America, [funding to late-stage startups helped boost the overall numbers](. At the same time, though, it’s clear this isn’t 2021 anymore: LatAm’s funding totals are far, far below their boomtime highs, and in the U.S. [Atlassian]( just [scooped up a former unicorn at a 35% discount]( to the company’s previous valuation. 💹 [Israel, China lead modest Asia venture rebound]( The two Asian countries facing the biggest geopolitical headwinds also saw the continent’s biggest rebound in Q3 venture funding. Israeli startups had their best quarter raising money since Q3 of last year, pulling in $1.4 billion in the most recent quarter. And China-based startups raised $14.1 billion last quarter, a 20% boost from Q2. 🌎 [Late-stage deals give LatAm funding a boost]( Venture investment to Latin America is still far, far below its 2021 peak, but picked up a bit in the third quarter of this year, as later-stage dealmaking returned to the region. However, reported seed and early-stage investment was down sharply, indicating increasing wariness around backing less-established startups. Let’s take a look. 📉 [Atlassian buys ex-unicorn at big discount to last valuation]( Collaborative software giant [Atlassian]( is buying video messaging startup [Loom]( at a 35% discount to its most recent fundraising valuation. 💶 [Europe’s early-stage funding falters in Q3]( Funding to seed and early-stage startups in Europe continues to struggle. In fact, both amounts and funding deals in Q3 were at the lowest point since we began charting the downturn. But late-stage roared back — it doubled quarter over quarter, supercharged by large funding deals in the sustainable energy sector in multiple countries. ⚖️ [Don’t trip up on this potential tax fraud issue in your portfolio]( Most VC-backed startups are not eligible to get a tax credit, despite the claims from busy Employee Retention Credit sales mills. [Vanessa Kruze]( founder and CEO of [Kruze Consulting]( shares some proactive steps VCs can take prior to funding a startup that has committed unintended tax fraud. [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 [Cerevel Therapeutics]( [$450M]( / [Post-IPO Equity]( Cerevel Therapeutics is a biopharmaceutical company that develops drugs to treat neurological and neuropsychiatric disorders. Categories: Biotechnology • Pharmaceutical • Therapeutics [Bionano Genomics]( [$80M]( / [Post-IPO Debt]( Bionano Genomics is a biotechnology company that provides genome analysis solutions to researchers and clinicians. Categories: Biotechnology • Genetics • Health Diagnostics • Medical Founders: [Han Cao]( [Sidus Space]( [$2.0M]( / [Post-IPO Equity]( Sidus Space is a space and Data-as-a-Service company that offers customized solutions and services within the space sector. Categories: Aerospace • Electronics • Manufacturing Founders: [Carol Craig]( More Fundings Company Amount / Round Lead Investor [Vendasta]( 70M CAD / [Private Equity Round]( [Foundry Group]( [10 Minute School]( $5.5M / [Seed Round]( [Conjunction Capital]( [IndusInd Bank]( Unknown / [Post-IPO Secondary]( [SBI Mutual Fund]( [All Recent Funding Activity]( Recent Acquisitions [Healthmark Industries]( Pending acquisition by [Getinge]( for $320M More Acquisitions Company Acquired By Amount [EVPassport]( [Northleaf Capital Partners]( $200M [All Recent Acquisition Activity]( Upcoming Tech Events [SoCal Startup Day 2023]( November 8 - 8, 2023 in Irvine SoCal Startup Day is SoCals largest startup event with over 1500 attendees and 300 investors a pitch competition with over $100k in prizes! [Education 2.0 Conference USA]( March 18 - 20, 2024 in Las Vegas Education Outstanding Leadership Award Accelerator Deadlines Date Accelerator Location Nov 13, 2023 [Founder Friendly Labs]( Palo Alto Nov 26, 2023 [EWOR]( Berlin [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 © 2023 Crunchbase Inc. All rights reserved. [Privacy Policy]( | [Terms of Service]( [Unsubscribe]( from Crunchbase Daily.