Investors pour capital into better, lower-carbon ships and boats

Plus, survival mode is not your startup’s only option January 30, 2024 Hi, {NAME}. If you’re like most of us, you spend your days on dry land and devote little thought to boats, ships, and their associated propulsion systems and carbon footprints. But with cargo ships alone estimated to emit more CO₂ into the atmosphere each year than all the airlines in the world, [venture investors have been pondering the question of shipping and its associated environmental harms quite a bit](. Plus, one investor’s advice for [doing more than surviving in this startup environment](. 🚢 [Investors pour capital into better, lower-carbon ships and boats]( [Crunchbase data shows]( funded startups dedicated to improving the performance and reducing the carbon footprint of ships and watercraft have collectively raised more than $1.1 billion to date. They’re using that to further research and commercialization in areas from electric motors to wind-powered cargo shipping. Related Crunchbase Pro list: [Funded Nautically-Focused Companies]( 💪 [Survival mode is not your startup’s only option]( Despite small glimmers of hope, [the venture funding turnaround has not yet materialized]( putting startup founders in a challenging position as they decide how to optimize resources. But you don’t have to go on a feverish cost-cutting streak to extend your runway, writes investor [Marc Schröder]( of [MGV](. Here are options beyond survival mode. 🛑 [Startup M&A plummets 31%]( The strategic and private equity buyers who typically scoop up startups held tightly to their wallets last year, worsening already tough times in which [funding is scarce]( and IPOs scarcer. Only 1,738 venture-backed startups were acquired globally — the lowest amount since 2015, when 1,687 startups were bought — [per Crunchbase data](. We talk with investors about what this year holds for startup M&A and whether we’ll see dealmaking perk up. Related Crunchbase Pro lists: • [M&A Involving VC-Backed Startups In 2023]( • [M&A Involving U.S.-Based, VC-Backed Startups]( 🏅[Top 10 funding deals: Energy, rewards and fintech score big]( For a change, you had to go all the way to No. 4 on our list of [10 largest U.S. startup funding deals last week]( to find an AI company. Energy, loyalty rewards and fintech startups all scored bigger rounds, with the No. 1 deal coming in at a whopping $500 million. See also: [The Crunchbase Megadeals Board]( [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 [Krutrim]( [$50M]( / [Series A]( Krutrim is an artificial intelligence (AI) firm that focuses on creating silicon chips and building a cloud infrastructure. Categories: Artificial Intelligence (AI) • Cloud Data Services • Cloud Infrastructure Founders: [Bhavish Aggarwal]( Investors: [Matrix Partners India]( (Lead) [Perfumeo]( [$1.0M]( / [Seed Round]( Perfumeo offers an intelligent home diffuser that tailors scent based on user mood, employing cutting-edge, patented AI. Categories: Artificial Intelligence (AI) • Information and Communications Technology (ICT) • Internet of Things • Smart Home Founders: [Benjamin Vacher]( [Enzo Didi]( [Simon Mayeur]( Investors: [TF Capital]( (Lead) [C16 Biosciences]( [$1.0M]( / [Venture Round]( C16 Biosciences is a biotechnology company producing clean and safe alternatives to palm oil. Categories: Biotechnology • Innovation Management • Organic • Sustainability Founders: [David Heller]( [Harry McNamara]( [Shara Ticku]( Investors: [Elemental Excelerator]( (Lead) More Fundings Company Amount / Round Lead Investor [Grow Indigo]( 670M INR / [Venture Round]( [Indigo]( [Rossum]( Unknown / [Debt Financing]( - [All Recent Funding Activity]( Recent Acquisitions [McGrath RentCorp]( Pending acquisition by [Williams Scotsman International]( for $3.8B #{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 © 2024 Crunchbase Inc. All rights reserved. [Privacy Policy]( | [Terms of Service]( [Unsubscribe]( from Crunchbase Daily.