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- Last Week's Top Funding Rounds
By Taylor Pierce - Tuesday, May 21
The Mysterious Oracle of Omaha
While it is not technically a financing, Warren Buffett's Berkshire Hathaway unveiled its substantial investment in Chubb (NYSE:CB), previously undisclosed since last year. Berkshire disclosed acquiring nearly 26 million Chubb shares, valued at about $6.7 billion, in its first quarter SEC filing. Buffett's company had maintained confidentiality while building this stake, seeking specific "confidential treatment" from the SEC in prior filings.
Weekly Money Moves:
Last week we saw over $2.4 billion in financings across various sectors, which represents a flat week over week change in total fund raising efforts; with Real Estate narrowly edging out Biotech with 29% and 26% of the top dollars raised, respectively. Food Delivery was 3rd with 13% and the Technology sector rounded out the top four with 11%.
The mining sector continues to remain active with Sun Valley Investments AG announcing the closing of the second tranche of its investment in Mineros S.A., (TSX:MSA) at a price of C$0.836 per share for aggregate consideration of C$6.2 million.
Company | Money Raised ($USD) | Sector |
Inmobilario Colonial | $677,463,975 | Real Estate |
Delivery Hero | $300,000,000 | Food Delivery |
New Gold | $172,679,400 | Metals & Mining |
Erasca | $160,000,000 | Biotechnology |
Go Digit-Life Insurance | $141,000,000 | Insurance |
VSE Corp | $141,000,000 | Technology |
Foghorn Therapeutics | $110,000,000 | Biotechnology |
Allogene Therapeutics | $110,000,000 | Biotechnology |
Monte Rosa Therapeutics | $100,000,000 | Biotechnology |
Merchants Bank of Indiana | $98,040,000 | Finance |
Johnson Controls | $90,000,000 | Technology |
Tidal Vision | $46,747,977 | Biotechnology |
Mesa Laboratories | $21,069,954 | Biotechnology |
Battalion Oil | $20,000,000 | Oil & Gas |
MaaT Pharma | $19,698,504 | Biotechnology |
CARMAT | $17,381,196 | Health Care |
Jet.AI | $16,500,000 | Transportation |
PolarityTE | $12,500,000 | Biotechnology |
First Capital Bank | $12,000,000 | Banking |
Cheetah Net Supply Chain Service | $8,190,000 | Logistics |
Aqua Metals | $8,050,000 | GreenTech |
T2 Biosystems | $8,000,000 | Biotechnology |
Ensurge Micropower | $7,833,646 | Technology |
MiNK Therapeutics | $5,800,000 | Biotechnology |
IDEX | $5,094,949 | Technology |
BriaCell Therapeutics | $5,000,000 | Biotechnology |
Coya Therapeutics | $5,000,000 | Biotechnology |
Aethlon Medical | $4,700,000 | Health Care |
Mineros | $4,590,112 | Metals & Mining |
Inhibikase Therapeutics | $4,000,000 | Health Care |
Genius Group | $3,800,000 | Technology |
Dermata Therapeutics | $2,660,000 | Biotechnology |
Virpax Pharmaceuticals Inc. | $2,250,000 | Biotechnology |
MAX Power Mining Corp | $1,900,420 | Metals & Mining |
Akanda | $1,837,715 | Health Care |
Virios Therapeutics | $1,700,000 | Biotechnology |
Alset Capital | $1,606,200 | Technology |
Leader Intelligent Techology | $1,108,340 | Internet of Things |
Evofem Biosciences | $1,000,000 | Biotechnology |
Lead Investors: Included MiNK Therapeutics $5,800,000 round led by GKCC. Meanwhile, Coya Therapeutics attracted $5,000,000 from the Alzheimer's Drug Discovery Foundation, emphasizing a strong focus on combating neurodegenerative diseases. Evofem Biosciences received $1,000,000 in a round led by Aditxt Therapeutics.
Uber made a substantial move by acquiring Delivery Hero's Taiwanese business for $950,000,000 in cash and investing an additional $300,000,000 offering, underscoring their strategic expansion in the delivery market. Guochuang Industrial Investment took the lead in Leader Intelligent Technology's $1,108,340 round. Additionally, Mineros raised $4,590,112 with Sun Valley Investments.
Finally, Inmobilario Colonial's colossal $677,463,975 real estate round was spearheaded by CriteriaCaixa.
Strategic Moves:
After months of speculation, investors have discovered the mystery stock Berkshire Hathaway has been accumulating in recent quarters. The conglomerate has acquired nearly 26 million shares of Chubb (NYSE: CB), the largest publicly traded property and casualty insurance company.
Berkshire Hathaway has a long history of investing in insurance companies. In 2022, it acquired Alleghany for $11.6 billion, joining its other holdings like GEICO, Berkshire Hathaway Reinsurance Group, and National Indemnity. Berkshire also held several insurance-focused companies in its portfolio but recently sold its stakes in Marsh & McLennan, Globe Life, and Markel, possibly to make room for Chubb.
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