Early-stage funding takes another hit

Plus, how immigrant founders should position themselves for a funding uptick December 5, 2023 Hi, {NAME}. It’s become clear that startup funding isn’t going to rebound evenly or predictably. Take last month’s figures for example. While early-stage funding — which is vital to the overall health of the startup ecosystem — was down 34% year over year, late-stage actually ticked up compared to November 2022. What gives? [Let’s dive into]( the latest [Crunchbase]( numbers. 📊 [Early-stage funding takes another hit]( Global venture funding reached $19.2 billion last month, [Crunchbase]( data shows, down marginally month over month. It wasn’t AI that led the way either, although startups in that sector did raise $2.4 billion. Our [November monthly report]( has all the details. 💰 [CoreWeave reportedly lands $7B valuation in share sale]( [Nvidia]( AI cloud infrastructure startup [CoreWeave]( reportedly closed a share sale to investors led by [Fidelity Management and Research Co.]( that values the company at $7 billion — a dramatic increase from its $2 billion valuation this spring. 💸 [How immigrant founders should get ready for a funding uptick]( While [early-stage funding has been subdued]( many seed VCs say they’re incredibly busy — an early sign that the numbers could soon rise again. What should immigrant founders, specifically, do to prepare for a funding rebound? Guest author [Semyon Dukach]( who’s worked exclusively with immigrant entrepreneurs since launching his VC fund in 2017, shares some qualities U.S.-based VCs seek out. 🏠[Startups are further from solving the affordable housing shortage]( At the [height of the venture funding boom]( investors were pouring money into startups promising to make housing development faster, more efficient, and — most importantly — cheaper. There were [plenty of compelling-sounding business models in the mix]( from high-tech construction robots to mass-produced backyard cottages. Some were even rolling out 3D-printed houses. [So what’s happened post-peak?]( Related Crunchbase Pro list: [Affordable Housing-Related Funded Companies]( 🩺 [5 interesting deals from November you may have missed]( From a doctor’s office with no doctor to an app that aims to help you develop healthier drinking habits, here are five startups that received funding this month that caught our eye, but that you may have missed. 🏅 [Top 10 deals: IT, cyber and AI lead the way]( Only three U.S.-based startups raised $100 million-plus rounds last week — an information technology startup, a cybersecurity company and an AI startup — signaling that the holiday slowdown is likely here. Then again, we could be in for some surprises in the last few weeks of the year. ✂️ [’Tis the season for layoffs if you work at these companies]( Last week wasn’t a good one to work at a company that started with the letter V. Employees at cloud computing company [VMware]( as well as prefab home startup [Veev]( were among those hardest hit by layoffs. Other tech companies conducting layoffs included an enterprise AI provider and big data unicorn. See also: [The Crunchbase Tech Layoffs Tracker]( [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 [Enfinity]( [118M EUR]( / [Debt Financing]( Enfinity develops, finances, and sells integrated solar installations to companies and individuals. Categories: Energy • Renewable Energy • Solar Founders: [Gino Van Neer]( [Patrick Decuyper]( [Applied Optoelectronics]( [$80M]( / [Post-IPO Debt]( AOI designs and manufactures fiber optic networking products for cable television broadband, fiber-to-the-home, and internet data centers. Categories: Internet • Laser • Manufacturing • Telecommunications Founders: [Thompson Li]( [Argonaut Gold]( [80M CAD]( / [Post-IPO Equity]( Argonaut Gold is a gold mining company that focuses on exploration, development, and production of gold projects. Categories: Management Information Systems • Mining Technology • Precious Metals More Fundings Company Amount / Round Lead Investor [Kernel]( $5.2M / [Venture Round]( - [Cercle X]( Unknown / [Seed Round]( [Inflection Point Ventures]( [All Recent Funding Activity]( Recent Acquisitions [Trace]( Pending acquisition by [Paylocity]( for Unknown More Acquisitions Company Acquired By Amount [My Perfect Pet]( [Antelope]( 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.