How VC funding stacked up in October

Plus, big deals — and layoffs — abound November 6, 2023 Hi, {NAME}. It can be difficult to say what, exactly, is going on with the venture market right now. On the one hand, [global venture funding last month clocked in even lower than the already-subdued monthly averages for 2023]( our data shows. On the other hand, [last week again saw a bevy of big venture deals]( go to companies working on everything from aerospace to next-generation motors. And of course, [SBF]( guilty verdict — almost exactly a year after his cryptocurrency exchange [FTX]( collapsed spectacularly — [marks another major turning point for the startup world](. Let’s dive in. 📊 [Global VC funding has another ho-hum month]( Global venture funding totaled $21 billion in October — a few billion dollars below the average 2023 monthly funding amount to date — [Crunchbase]( data shows, and down almost a quarter from the same month a year ago. Consider too that last month’s total global startup funding was less than one-third the monthly totals during the heyday months of 2021. 🏅 [Big rounds abound in busy venture week]( From an aerospace and defense startup to a company making the next generation of motors, last week was a strong week for big rounds. Five U.S. startups raised nine-figure rounds and another fell just $1 million short of that threshold. See also: [The Crunchbase Megadeals Board]( ⚖️ [SBF guilty verdict marks chapter in crypto history]( It didn’t take long for a jury to convict [Sam Bankman-Fried]( the one-time crypto wunderkind, of seven counts of fraud and conspiracy. The verdict came just about a year after FTX’s epic fall from grace rattled the markets. It also seems to have helped torpedo funding to the crypto sector, [Crunchbase data]( shows. Related Crunchbase Pro list: [Crypto Funding Since FTX’s Collapse]( ✂️ [Nearly 4K jobs cut as household names pile onto layoffs tracker]( From [Google]( to [Roku]( and [Beyond Meat]( various household names piled onto our [Tech Layoffs Tracker]( last week, pushing the total to at least 3,990 jobs cut in the U.S. alone. 🚗 [Autonomous vehicle funding stuck in neutral]( [Cruise]( the autonomous vehicle startup backed by [General Motors]( last week said it is suspending its operations around the country after it lost its permits to operate in San Francisco following an incident between one of its cars and a pedestrian. While the move is the latest blow to the self-driving car sector, an analysis of [Crunchbase data]( shows investors lost their enthusiasm for autonomous vehicles some time ago. Related Crunchbase Pro list: [Autonomous Vehicles Startup Funding]( 🇨🇦 [Oh, Canada: Country’s cleantech sector is booming]( The upward momentum in Canadian cleantech funding is especially notable given that global venture funding has [fallen sharply]( since the 2021 peak. Moreover, some of the rounds are conspicuously large. Standout sectors include carbon capture, geothermal energy and utility-scale solar. Related Crunchbase Pro list: [Canadian Cleantech Startup Investment]( [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 [Humana]( [$1.4B]( / [Post-IPO Debt]( Humana is a health insurance provider for individuals, families, and businesses. Categories: Health Care • Health Insurance • Insurance • Venture Capital Founders: [David A. Jones, Sr.]( [Wendell Cherry]( [COMPASS Pathways]( [$160M]( / [Post-IPO Equity]( Compass Pathways is a mental health care company that focuses on developing therapies for treatment-resistant depression. Categories: Biotechnology • Health Care • Life Science • Personal Health • Wellness Founders: [Ekaterina Malievskaia]( [George Goldsmith]( [Lars Christian Wilde]( [Synovus]( [$150M]( / [Post-IPO Equity]( Synovus is a financial services company that offers commercial and retail banking, investment, and mortgage services to customers. Categories: Banking • Finance • Financial Services Founders: [G. Gunby Jordan]( More Fundings Company Amount / Round Lead Investor [Govly]( $9.5M / [Series A]( [Insight Partners]( [Charm]( $6.0M / [Seed Round]( [Gradient Ventures]( [Greenbrook]( $2.0M / [Post-IPO Debt]( [Madryn Asset Management]( [RAI]( Unknown / [Corporate Round]( [DelMorgan & Co.]( [All Recent Funding Activity]( Recent Acquisitions [Corvus Insurance]( Pending acquisition by [Travelers Insurance]( for $435M More Acquisitions Company Acquired By Amount [Variperm (Canada)]( [Forum Energy Technologies]( $152M [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! Accelerator Deadlines Date Accelerator Location Nov 10, 2023 [Meet Ventures]( Singapore Nov 13, 2023 [Founder Friendly Labs]( Palo Alto [More Upcoming Deadlines]( Don’t see your event? 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