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Last Week's Top Funding Rounds
A monstrous increase in total funds raised this week...
Taylor Pierce
April 22, 2024
By Taylor Pierce - Monday, April 22
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 Biotech, Real Estate, and Crypto from a list of notable investors led by none other than billionaire activist Carl Icahn himself.
Last week marked a significant resurgence in total funding efforts, jumping from $1.1 billion to $2.1 billion, a remarkable 90% increase. Biotech notably led the charge, securing a substantial portion with a total of $1.1 billion raised. Among the standout performers in other sectors were construction, with APi Group boasting an impressive $412.5 million round, and the mining industry, where Lithium America secured a mega $275 million round. The Energy Sector also made waves with Centuri Group's $315 million IPO, while Barnes and Noble Education raised $95 million. Rounding off the notable entries for the week was Serve Robotics, capturing attention with a $40 million offering.
Company | Money Raised ($USD) | Sector |
APi Group | $412,500,000 | Construction |
Centuri Group | $315,000,000 | Energy |
Cullinan Therapeutics | $280,000,000 | Biotechnology |
Lithium Americas | $275,000,000 | Metals & Mining |
Biohaven Pharmaceutical | $230,000,000 | Biotechnology |
Biohaven | $230,000,000 | Biotechnology |
TScan Therapeutics | $150,000,000 | Biotechnology |
Zura Bio | $112,500,000 | Biotechnology |
Barnes & Noble Education | $95,000,000 | Education |
Korro Bio | $70,000,000 | Biotechnology |
Benitec Ltd | $40,000,000 | Biotechnology |
Serve Robotics | $40,000,000 | Technology |
Western Copper and Gold | $18,161,292 | Metals & Mining |
Bridger Aerospace | $9,800,000 | Aerospace |
ClearSign Combustion | $9,300,000 | Energy |
Nutriband | $8,400,000 | Health Care |
Awale Resources | $7,235,172 | Metals & Mining |
Silver Mountain Resources | $6,518,717 | Metals & Mining |
Western Alaska Minerals | $6,500,000 | Metals & Mining |
Calidi Biotherapeutics | $6,100,000 | Biotechnology |
Outlook Therapeutics | $5,000,000 | Biotechnology |
Soligenix | $4,750,000 | Biotechnology |
Kartoon Studios | $4,000,000 | Media |
Bonterra Resources | $4,000,000 | Finance |
Xtract One | $3,617,369 | Aerospace |
Vior | $2,500,000 | Metals & Mining |
PTX Metals | $2,170,421 | Metals & Mining |
Avicanna | $1,543,371 | Biotechnology |
Simply Better Brands | $1,446,947 | Consumer Goods |
Bio-Path Holdings | $1,200,000 | Biotechnology |
Visionary Metals | $1,089,668 | Metals & Mining |
Notable investors: Several notable lead investors emerged in last week's funding rounds. Access Biotechnology led Zura Bio's impressive $112,500,000 offering, while Deep Track Capital took the helm in Korro Bio's $70,000,000 round. Suvretta Capital Management led Benitec Ltd's $40,000,000 raise, and Syntone Ventures played a pivotal role in Outlook Therapeutics' $5,000,000 offering.
Carl Icahn via Icahn Partners took a significant $54,000,000 position in Centuri Group's $315,000 IPO round, while Canaccord Genuity Group took charge of Awale Resources' $7,235,172 offering in the Metals & Mining sector.
Which sector do you think will attract the most capital this week?
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