The great cybersecurity slump

Plus, why European VC is outperforming the US October 19, 2023 Hi, {NAME}. [Both dollars and deals are down this year when it comes to cybersecurity startup funding]( as even this perennial VC favorite is hit hard by the venture downturn. We look at the latest [Crunchbase]( numbers and speak with investors about why the sector is down and what the turmoil in Israel — the second-largest cybersecurity market in the world — means for the sector. Plus, [are European venture capitalists outperforming their U.S. counterparts]( 🔒 [Cybersecurity doesn’t look recession-proof anymore]( Funding to VC-backed cybersecurity startups this year is on pace to hit its lowest point for a calendar year since 2019, [Crunchbase]( figures show. The numbers are yet more evidence that cybersecurity may not be nearly as “recession-proof” as many investors have thought for the last several years. Related Crunchbase Pro list: [Cybersecurity Funding]( 💶 [Opinion: Why European VC is outperforming the US]( Aren’t European VCs painfully risk-averse? And even if they aren’t, don’t American VCs just have a lot more cash? These are common responses to new data that seems to show the extent to which European venture capital has outperformed American VC in recent history. Guest author [Dan Gray]( breaks down some of the real reasons European startup investors may be outperforming their peers across the pond. 🏢 [Office space management startup raises $50M Series D]( Boston-based [HqO]( a real estate management software startup, has raised a $50 million Series D led by a subsidiary of [Koch Industries](. The proptech platform is used by commercial property operators to manage how tenants and their employees use office space. Related Crunchbase Pro list: [Real Estate Tech Funding In 2021]( 📉 [Where are they now? 2021’s hot IPOs have lost 60% of their value]( In normal times, going public at a valuation of over $10 billion is both a rare occurrence and a very big deal. In 2021, however, such [enormous IPOs became rather common]( even for money-losing startups, with at least 20 companies making their debuts above $10 billion. The list included some of the buzziest names in tech and the app economy: [Didi]( [Rivian]( [Grab]( and [Coinbase](. But where are those once-hot IPOs now? Related Crunchbase Pro list: [Biggest 2021 IPOs]( 👀 [Eye on AI: Regulation is coming]( Perhaps the only thing rising faster than the valuations of generative AI companies like [OpenAI]( and [Anthropic]( is the talk of regulation around the technology. This week, it was [SEC]( Chairman [Gary Gensler]( making the case that regulators must figure out how to manage financial risk posed by AI platforms used by financial institutions. 🪟 [Window is closing for LPs to earn their place in history]( Sure, it’s easy to invest when the market is booming and IPOs are flowing out like champagne in a nightclub. But it’s the investors with the courage to make audacious bets in the current moment who stand to make history, writes investor and guest author [Marc Schröder](. [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 [Canadian Solar]( [18B JPY]( / [Post-IPO Debt]( Canadian Solar is a manufacturer of solar photovoltaic (PV) modules and provider of solar energy solutions. Categories: Energy • Manufacturing • Renewable Energy • Solar Founders: [Shawn Qu]( [VF]( [Unknown]( / [Post-IPO Equity]( VF offers a diverse portfolio of outdoor and activity-based lifestyle and work-wear brands. Categories: Fashion • Marketing • Product Design • Shoes • Sports • Web Development Founders: [John Barbey]( Investors: [Engaged Capital LLC]( (Lead) More Fundings Company Amount / Round Lead Investor [Procurify]( $50M / [Series C]( [Export Development Canada]( [Nova Credit]( $45M / [Series C]( [Canapi Ventures]( [JOOR]( $25M / [Venture Round]( [Brightwood Capital Advisors]( [Speak]( $20M / [Venture Round]( - [PASQAL]( Unknown / [Grant]( [European Innovation Council]( [All Recent Funding Activity]( Recent Acquisitions [Future Waste Management]( Pending acquisition by [Minus Global]( for Unknown More Acquisitions Company Acquired By Amount [Glantus]( [Basware]( Unknown [All Recent Acquisition Activity]( Upcoming Tech Events [Society of Four Arts]( December 11 - 11, 2023 Campus on the Lake offers a variety of cultural education programs that explore art, drama, literature, music, and the art of living well. 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.