Last Week's Top Funding Rounds

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Stay Tuned: Our first special edition of Funding Secured is coming later this week. We will be highlighting a sector leader, a three-company amalgamation, and the $33.6 million financing that brought it all together.

Weekly Money Moves: Last week witnessed a significant surge in fundraising activities, with a total of $2.4 billion raised, marking a robust 50% increase from the previous week's $1.6 billion. Notably, Digital Realty spearheaded this surge with a significant financing round, amassing nearly $1.5 billion and securing the top spot for the Data Center sector, which claimed a substantial 60% share of the total funds raised. Following closely behind, the biotech sector maintained its strong presence, accruing $692 million across 17 separate offerings. Standout contributions included Endo Pharmaceuticals' formidable $170 million offering, alongside significant raises from ITeos Therapeutics and ADC Therapeutics, collectively representing 28% of the total funds raised.

In a notable shift, the Drone sector made an impressive debut in the top three, with Drone Shield, an Australian/U.S. publicly listed company specializing in RF sensing, Artificial Intelligence, Machine Learning, and other advanced technologies, securing $76 million in funding. Meanwhile, Metals & Mining secured a comparable amount of funding, led by strong offerings from companies that included West Red Lake Gold, Hot Chili, and JKS Resources, with contributions of $22 million, $16.5 million, and $15.2 million, respectively. Additionally, Western Copper and Gold's strategic investment of C$5 million from Rio Tinto garnered special attention amidst the week's fundraising activities.

Notable investors: Western Copper and Gold's C$5 million funding round was led by Rio Tinto. Spandana Sphoorty Financial's impressive $28.7 million round received an investment from Siguler Guff & Company. Plus Therapeutics' $6.5 million offering was led by AIGH Capital Management. Meanwhile, Eledon Pharmaceuticals' substantial $50 million biotech round was led by BVF Partners LP.

OptiNose's $55 million offering was led by D. E. Shaw & Co. and Nantahala Capital Management. Lastly, the monumental $120 million offering by ITeos Therapeutics was led by Boxer Capital and RA Capital Management.