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Last Week's Top Funding Rounds
Energy takes the lead after a massive week.
Taylor Pierce
April 08, 2024
By Taylor Pierce - Monday, April 8
Funding Secured 101: Our weekly newsletter keeps investors informed about where capital is flowing across industries, while founders and businesses gain valuable intelligence on competitor funding and strategic investors.
Weekly Money Moves: Last week saw capital flow into a broader range of industries with more activity from the Energy and Real Estate sectors from a list of notable investors who we have identified below.
Which sector do you think will attract the most capital this week?
Last week witnessed a notable decline in fundraising activities, with a total of $1.9 billion raised, marking a significant 61% decrease from the previous week's impressive $5.1 billion. Surprisingly, the spotlight shifted away from the typically dominant Biotech sector, as Energy took the lead with a substantial $600 million offering by JSW Energy, closely followed by Real Estate, highlighted by Brandywine Realty Trust's impressive $400 million offering. Although biotech companies had a relatively quiet week, the sector still managed to secure the third spot, accounting for 15% of the total funds raised, amounting to $272 million. Leading the charge were notable offerings from Sutro Biopharma and Biodesix, with offerings of $75 million and $55 million respectively. Additionally, Canadian mining listed companies earned an honorable mention, with Snowline Gold securing $18.4 million and Meridian Mining closing at $17.5 million.
Company | Money Raised ($USD) | Sector |
JSW Energy | $599,827,489 | Energy |
Brandywine Realty Trust | $400,000,000 | Real Estate |
Meyer Burger Technology | $227,697,987 | Energy |
Prospa | $131,707,015 | Finance |
Contineum Therapeutics | $110,000,000 | Health Care |
Sutro Biopharma | $75,000,000 | Biotechnology |
Biodesix | $55,000,000 | Biotechnology |
Protara Therapeutics | $45,000,000 | Biotechnology |
Gritstone bio | $32,500,000 | Biotechnology |
CTO Realty Growth | $30,000,000 | Real Estate |
Movano | $24,000,000 | Health Care |
Riley Permian | $18,900,000 | Energy |
Snowline Gold | $18,417,111 | Metals & Mining |
Meridian Mining | $17,500,000 | Metals & Mining |
Surrozen | $17,500,000 | Biotechnology |
MATINAS BIOPHARMA | $10,000,000 | Biotechnology |
Bionano Genomics | $10,000,000 | Biotechnology |
Snowline Gold | $9,241,426 | Metals & Mining |
Syntekabio | $7,407,909 | Biotechnology |
Biora Therapeutics | $6,000,000 | Biotechnology |
BiolineRx | $6,000,000 | Biotechnology |
Guerrilla RF | $5,000,000 | Semiconductor |
American Pacific Mining Corp | $4,000,000 | Metals & Mining |
NUBURU | $3,000,000 | Manufacturing |
Carmell Therapeutics | $3,000,000 | Biotechnology |
Surge Copper | $2,772,645 | Metals & Mining |
FRNT Financial | $2,214,304 | Asset Management |
Inspira Technologies | $1,650,000 | Health Care |
SINTX Technologies | $1,500,000 | Biotechnology |
Power Nickel | $1,479,689 | Metals & Mining |
RedHill Biopharma | $1,250,000 | Biotechnology |
Notable investors: Last week Acorn Bioventures and RA Capital participated in Protara's $45 million offering, showcasing their confidence in the biotech firm's potential. Korea Investment Partners played a pivotal role in Syntekabio's $7.5 million offering, underscoring their commitment to advancing innovative solutions in the technology sector.
Ana Maria Cox De Gubbins led Snowline's $9.2 million offering. Additionally, African Rainbow Minerals led the charge in Surge Copper's $2.7 million offering, signaling their interest in fostering growth within the mining industry.
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