Share of app startup funding hits decade low, but will Epic change that?

Plus, our most-read stories of 2023 December 15, 2023 Hi, {NAME}. The phrase “app economy” gained popularity about a decade ago, when smartphones completed their evolution from cool gadget to essential device of modern living. Since then, of course, apps have only become more entrenched. [Startup investment, however, has not followed a similar pattern]( Crunchbase data shows. Plus, we revisit Crunchbase News’ [top 10 stories of 2023](. 📲 [Share of app startup funding hits lowest point in a decade]( In 2016, startups tied to the app economy received 14% of all venture funding, per Crunchbase data, with then-hot companies like [Uber]( and [Snap]( each pulling in billions of dollars that year alone. This year, app startup funding as a portion of overall venture capital has dwindled to just 2.5%. But will [Epic Games]( legal victory against [Google]( and its Play Store help to change that trajectory? Related Crunchbase Pro list: [Funding To US App Economy Companies]( 👀 [Our top stories of 2023, from the VC downturn to AI brainstorming]( For the startup world, 2023 was an action-packed year — with AI adoption exploding, the failure of the largest startup bank, and layoffs piling up each week — and readers flocked to our coverage of these topics. With that, let’s take a look at [10 of Crunchbase News’ most-read stories of 2023](. 🧓 [These are top-funded areas for senior-focused startups]( Startups tackling four major trends related to an aging population — anti-aging breakthroughs, preventative medicine, fitness and managing care — are drawing significant funding. We look at some of the top-funded startups in each space and what they’re working on. Related Crunchbase Pro list: [Aging-Related Startups Funded In 2023]( 🔮 [IPOs? Layoffs? More AI? Share your 2024 outlook in our survey]( Do you feel more upbeat or gloomier now compared to a year ago? What are the big tech trends and stories you’ll be watching in 2024? And do you expect the market for new tech IPOs — which briefly opened a smidge this fall — to swing wide open next year? Tell us in [our latest brief, anonymous Crunchbase News reader survey](. [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 [Zuper]( [$32M]( / [Series B]( Zuper provides field service management solutions, CRM integration, and personalized support for scalable modernization. Categories: Field Support • Information Technology • Productivity Tools • SaaS • Software Founders: [Karthik V.]( [Raghav Gurumani]( [Vijay Narasiman]( Investors: [FUSE]( (Lead), [Prime Ventures]( [Carro]( [$4.9M]( / [Venture Round]( Carrois a collaborative commerce platform that links Shopify to the entire eCommerce landscape, establishing a cross-store sales channel. Categories: Artificial Intelligence (AI) • Consumer Goods • E-Commerce • E-Commerce Platforms • Machine Learning • Marketplace • SaaS Founders: [David Perry]( [Jason Goldberg]( More Fundings Company Amount / Round Lead Investor [Andalusia Labs]( $48M / [Series A]( [Lightspeed Venture Partners]( [Guardz]( $18M / [Series A]( [Glilot Capital Partners]( [Snitch]( 1.1B INR / [Series A]( [IvyCap Ventures]( [bitsCrunch]( $3.9M / [Initial Coin Offering]( [CoinList]( [SellersFi]( Unknown / [Venture Round]( [MUFG Innovation Partners]( [All Recent Funding Activity]( Recent Acquisitions [Acclarent]( Pending acquisition by [Integra LifeSciences]( for $275M More Acquisitions Company Acquired By Amount [ValidDatum]( [ERP Technology Partners]( Unknown [All Recent Acquisition Activity]( Upcoming Tech Events [Digital Healthcare Innovation Summit WEST (DHIS)]( February 6 - 7, 2024 in La Jolla Digital Healthcare Innovation Summit WEST (DHIS) focuses on addressing current issues in the field. Accelerator Deadlines Date Accelerator Location Dec 28, 2023 [International Accelerator]( Austin Dec 29, 2023 [Alchemist Accelerator]( San Francisco [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.