Last Week's Top Funding Rounds

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Weekly Money Moves:

Here is a summary of last week’s capital raises, highlighting the key companies, sectors, and major offerings:

1. Overall Decline:

   • The total funds raised last week saw a week-over-week decline of 46%, dropping from $3.7 billion to $2 billion.

2. Top Sectors and Contributions:

   • Biotech: Dominated the market with 74% of the total funds raised.

   • Medical Devices: Accounted for 20% of the total funds raised.

   • Metals and Mining: Contributed 4% of the total funds raised.

3. Notable Offerings in Biotech:

   • Insmed Biotech: Led the sector with a substantial $650 million offering.

   • The second-largest offering in the sector was $400 million.

   • BioNTech: Raised $145 million, securing the third position.

4. Medical Devices Sector:

   • Bruker: Made a significant impact with a $403 million offering, positioning the sector second in total funds raised for the week.

5. Metals and Mining Sector:

   • Conducted 6 financings totaling $72 million, contributing to 4% of the week's total funds raised.

In the Metals & Mining sector, Gold Royalty Corp led with a significant financing of $34,500,276, followed by McEwen Mining with $22,054,555. Gold Reserve secured $10,000,000, while Firering Strategic Minerals raised $2,669,086. Vizsla Copper and Trifecta Gold contributed with $2,202,827 and $1,095,010 respectively.

Chart A Course: The price of gold has significantly increased over the past 12 months, contributing to an increase of capital into the Metals & Mining sector.

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Lead Investors: 

• BioNTech's $145 million offering was led by the Coalition for Epidemic Preparedness Innovations.

• Nordic American Tankers's $1.4 million offering was led by Alexander Hansson.

• Tribe Property Technologies Real Estate offering was led by Propelr Growth.

Do you know of any other lead investors who put capital into the markets this week? We would be happy to feature the transactions, send us an email at [email protected]