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Last Week's Top Funding Rounds
Vodafone takes the lead with a staggering $2.1B offering..
Taylor Pierce
April 29, 2024
By Taylor Pierce - Monday, April 29
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.
Vodafone is calling…
Weekly Money Moves: Last week marked a significant uptick in overall funding, surging from $2.1 billion to $2.9 billion, showcasing a remarkable 39% increase week-over-week. Surprisingly, the spotlight shifted away from the usual frontrunner, Biotech, as a colossal round by Vodafone Idea, a NY listed Mumbai-based mobile phone operator, stole the show with a staggering $2.1 billion offering. Manufacturing also made notable strides, securing substantial funding with AZZ and Flagship Communities leading the charge, raising $280 million and $60 million respectively. In a rare turn of events, Biotech took last week’s third spot, a departure from its typical dominance, with a total of $185 million raised, led by Centessa Pharmaceuticals' $100 million offering.
Among the noteworthy mentions is Caliber Mining (TSX:CXB), which successfully concluded its previously announced offering, raising CAD $115 million. Additionally, AbraSilver Resource (TSX-V:ABRA) secured CAD $20 million in funding just four days after its announcement, with strategic investors Kinross and Central Puerto each contributing $10 million, underlining the confidence in the venture's potential.
Company | Money Raised ($USD) | Sector |
Vodafone Idea | $2,158,773,186 | Telecommunications |
AZZ | $280,000,000 | Manufacturing |
Centessa Pharmaceuticals | $100,000,000 | Biotechnology |
Cohen & Steers Inc. | $68,400,000 | Finance |
FD Technologies | $62,191,078 | Technology |
Flagship Communities | $60,000,000 | Manufacturing |
Belite Bio | $25,000,000 | Biotechnology |
Aquaporin | $24,771,314 | Biotechnology |
Zscaler | $22,695,169 | Technology |
Lucky Harvest | $20,702,219 | Automotive |
Vincerx Pharma | $16,500,000 | Biotechnology |
Scilex Holding Company | $15,000,000 | Health Care |
AbraSilver Resource | $14,576,887 | Metals & Mining |
Kraken Robotics | $12,768,023 | Robotics |
INmuneBIO | $9,700,000 | Biotechnology |
International Battery Metals | $8,231,945 | Battery |
LipUm | $7,360,623 | Biotechnology |
Royal Helium | $6,000,000 | Oil and Gas |
Gabriel Resources | $5,575,000 | Metals & Mining |
CYNGN | $5,000,000 | Automotive |
Falcon Oil & Gas | $4,831,085 | Oil and Gas |
Nuwellis | $2,700,000 | Health Care |
Intrusion | $2,629,709 | Cyber Security |
Tantech | $2,100,000 | Enterprise |
Graphene Manufacturing Group | $2,000,040 | Battery |
GSTechnologies | $1,556,458 | Technology |
BioNxt Solutions | $1,181,893 | Health Care |
Cambridge Cognition | $1,000,000 | Biotechnology |
MAIA Biotechnology | $1,000,000 | Biotechnology |
Notable investors: Industrial Control Capital spearheaded Lucky Harvest's $20.7 million offering, while Cormark Securities Inc. was the lead brokerage firm behind Kraken Robotics' $12.7 million offering, and Irenic Capital Management led FD Technologies' substantial $62.2 million offering.
Which sector do you think will attract the most capital this week?
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