Armed with some data from our friends at CrunchBase, I broke down the largest US startup funding rounds from August 2023. I have included some additional information such as industry, company description, round type, founders, and total equity funding raised to further the analysis.
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
outpaced the S&P 500 by 131% over the last 26 years
have the lowest correlation to equities of any asset class
remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
See important disclosures at masterworks.com/cd
12. Modular $100.0M
Round: Series ADescription: Palo Alto-based Modular is an AI software developer platform that unifies the development and deployment of AI for everyone. Founded by Chris Lattner and Tim Davis in 2022, Modular has now raised a total of $130.0M in total equity funding and is backed by General Catalyst, Google Ventures, Greylock, Factory, and SVA.Investors in the round: Factory, General Catalyst, Google Ventures, Greylock, SVAIndustry: Artificial Intelligence, Machine Learning, SoftwareFounders: Chris Lattner, Tim DavisFounding year: 2022Total equity funding raised: $130.0M
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
outpaced the S&P 500 by 131% over the last 26 years
have the lowest correlation to equities of any asset class
remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
See important disclosures at masterworks.com/cd
12. BitGo $100.0M
Round: Series CDescription: Palo Alto-based BitGo is an institutional digital asset financial services company that provides clients with security, custody, and liquidity solutions. Founded by Ben Davenport, Mike Belshe, and Will O’Brien in 2013, BitGo has now raised a total of $171.5M in total equity funding and is backed by Goldman Sachs, Galaxy Digital, Founders Fund, GS Growth, and Pantera Capital.Investors in the round: Craft Ventures, DRW, Galaxy Ventures Co., Ltd, Goldman Sachs, GS Growth, Redpoint, Valor Equity PartnersIndustry: Bitcoin, Cryptocurrency, Financial Services, FinTech, Virtual CurrencyFounders: Ben Davenport, Mike Belshe, Will O’BrienFounding year: 2013Total equity funding raised: $171.5M
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
outpaced the S&P 500 by 131% over the last 26 years
have the lowest correlation to equities of any asset class
remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
See important disclosures at masterworks.com/cd
12. Resilience $100.0M
Round: Series DDescription: San Francisco-based Resilience supports companies assess, measure, and manage their cyber risk by balancing risk acceptance, mitigation, and transfer. Founded by Davis Hake, Matthew Hall, Raj Shah, and Vishaal Hariprasad in 2016, Resilience has now raised a total of $217.0M in total equity funding and is backed by General Catalyst, Lightspeed Venture Partners, Founders Fund, CRV, and Intact Ventures.Investors in the round: Founders Fund, General Catalyst, Intact Ventures, Lightspeed Venture PartnersIndustry: Cyber Security, Insurance, Risk Management, SaaSFounders: Davis Hake, Matthew Hall, Raj Shah, Vishaal HariprasadFounding year: 2016Total equity funding raised: $217.0M
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
outpaced the S&P 500 by 131% over the last 26 years
have the lowest correlation to equities of any asset class
remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
See important disclosures at masterworks.com/cd
12. Apollo.io $100.0M
Round: Series DDescription: San Francisco-based Apollo.io is a market sales platform that helps accelerate the growth of an organization. Founded by Ray Li, Roy Chung, and Tim Zheng in 2015, Apollo.io has now raised a total of $251.3M in total equity funding and is backed by Sequoia Capital, Tribe Capital, Y Combinator, Bain Capital Ventures, and Nexus Venture Partners.Investors in the round: Bain Capital Ventures, Nexus Venture Partners, Sequoia Capital, Tribe CapitalIndustry: Lead Generation, Sales, Sales Automation, SoftwareFounders: Ray Li, Roy Chung, Tim ZhengFounding year: 2015Total equity funding raised: $251.3M
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
outpaced the S&P 500 by 131% over the last 26 years
have the lowest correlation to equities of any asset class
remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
See important disclosures at masterworks.com/cd
11. Pivotal Commware $102.0M
Round: Series DDescription: Bothell-based Pivotal Commware develops software-defined antennas and radios that use holographic beamforming to increase network speed and capacity. Founded by Brian Deutsch, Brian Deutsch, Eric Black, and Jay McCandless in 2016, Pivotal Commware has now raised a total of $191.0M in total equity funding and is backed by Fortress Investment Group, Lux Capital, Bill Gates, Verizon Ventures, and Devonshire Investors.Investors in the round: Blue Investment Group, Devonshire Investors, DIG Investment, Fortress Investment Group, Gates Frontier Fund, Lux Capital, Thermo Companies, Tracker Capital Management, Verizon VenturesIndustry: Computer, Information Technology, Software, TelecommunicationsFounders: Brian Deutsch, Brian Deutsch, Eric Black, Jay McCandlessFounding year: 2016Total equity funding raised: $191.0M
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
outpaced the S&P 500 by 131% over the last 26 years
have the lowest correlation to equities of any asset class
remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
See important disclosures at masterworks.com/cd
10. SpyCloud $110.0M
Round: Series DDescription: Austin-based SpyCloud develops account takeover prevention and fraud investigation tools to protect businesses from cyberattacks. Founded by Alen Puzic, David Endler, and Ted Ross in 2016, SpyCloud has now raised a total of $168.5M in total equity funding and is backed by Altos Ventures, M12 – Microsoft’s Venture Fund, Silverton Partners, Riverwood Capital, and March Capital.Investors in the round: Riverwood Capital, Silverton PartnersIndustry: Cyber Security, Fraud Detection, Network Security, SoftwareFounders: Alen Puzic, David Endler, Ted RossFounding year: 2016Total equity funding raised: $168.5M
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
outpaced the S&P 500 by 131% over the last 26 years
have the lowest correlation to equities of any asset class
remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
See important disclosures at masterworks.com/cd
9. Jerry $110.0M
Round: Series CDescription: Palo Alto-based Jerry is software that helps the owners of a car handle insurance, financing, repairs, maintenance, and safety. Founded by Art Agrawal, Lina Zhang, and Musawir Shah in 2017, Jerry has now raised a total of $241.0M in total equity funding and is backed by Goodwater Capital, Y Combinator, Liquid 2 Ventures, Plug and Play Ventures, and FundersClub.Investors in the round: Goodwater Capital, Highland Capital Partners, Park West Asset Management, Plug and Play Ventures, TriplePoint CapitalIndustry: Artificial Intelligence, Auto Insurance, Insurance, InsurTechFounders: Art Agrawal, Lina Zhang, Musawir ShahFounding year: 2017Total equity funding raised: $241.0M
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
outpaced the S&P 500 by 131% over the last 26 years
have the lowest correlation to equities of any asset class
remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
See important disclosures at masterworks.com/cd
8. Teamshares $124.0M
Round: Series DDescription: Brooklyn-based Teamshares is an employee ownership platform for small business. Founded by Alex Eu, Kevin Shiiba, and Michael Brown in 2019, Teamshares has now raised a total of $126.7M in total equity funding and is backed by Alumni Ventures, Union Square Ventures, QED Investors, Slow Ventures, and Khosla Ventures.Investors in the round: Contrary, Inspired Capital Partners, Khosla Ventures, QED Investors, Slow Ventures, Spark Capital, Union Square VenturesIndustry: Commercial, Financial Services, FinTech, Manufacturing, RetailFounders: Alex Eu, Kevin Shiiba, Michael BrownFounding year: 2019Total equity funding raised: $126.7M
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
outpaced the S&P 500 by 131% over the last 26 years
have the lowest correlation to equities of any asset class
remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
See important disclosures at masterworks.com/cd
7. Newlight Technologies $125.0M
Round: VentureDescription: Huntington Beach-based Newlight Technologies uses decarbonization technology dedicated to converting greenhouse gas into biomaterials. Founded by Kenton Kimmel and Mark Herrema in 2003, Newlight Technologies has now raised a total of $231.6M in total equity funding and is backed by CNX Resources, Valedor Partners, GenZero, Oxy Low Carbon Ventures, and Charter Next Generation.Investors in the round: Charter Next Generation, GenZero, Oxy Low Carbon VenturesIndustry: Advanced Materials, Biotechnology, SustainabilityFounders: Kenton Kimmel, Mark HerremaFounding year: 2003Total equity funding raised: $231.6M
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
outpaced the S&P 500 by 131% over the last 26 years
have the lowest correlation to equities of any asset class
remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
See important disclosures at masterworks.com/cd
6. Nile $175.0M
Round: Series CDescription: San Jose-based Nile provides secure connectivity and network independence through wired and wireless networking-as-a-service. Founded by John Chambers, Pankaj Patel, Sri Hosakote, and Suresh Katukam in 2018, Nile has now raised a total of $300.0M in total equity funding and is backed by 8VC, Valor Equity Partners, ICONIQ Capital, Prosperity7 Ventures, and Sanabil.Investors in the round: 8VC, Aramco Ventures, Geodesic Capital, Liberty Global Ventures, March Capital, Prosperity7 Ventures, Sanabil, STC Ventures, U First Capital, Valor Equity PartnersIndustry: Internet, Network Security, WirelessFounders: John Chambers, Pankaj Patel, Sri Hosakote, Suresh KatukamFounding year: 2018Total equity funding raised: $300.0M
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
outpaced the S&P 500 by 131% over the last 26 years
have the lowest correlation to equities of any asset class
remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
See important disclosures at masterworks.com/cd
5. Genesis Therapeutics $200.0M
Round: Series BDescription: South San Francisco-based Genesis Therapeutics unifies AI and biotech to accelerate the discovery of new medicines. Founded by Ben Sklaroff and Evan Feinberg in 2019, Genesis Therapeutics has now raised a total of $256.1M in total equity funding and is backed by BlackRock, Andreessen Horowitz, T. Rowe Price, Felicis, and Fidelity Management and Research Company.Investors in the round: Andreessen Horowitz, BlackRock, Fidelity Management and Research Company, Menlo Ventures, Radical Ventures, Rock Springs Capital, T. Rowe PriceIndustry: Artificial Intelligence, Biotechnology, Information TechnologyFounders: Ben Sklaroff, Evan FeinbergFounding year: 2019Total equity funding raised: $256.1M
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
outpaced the S&P 500 by 131% over the last 26 years
have the lowest correlation to equities of any asset class
remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
See important disclosures at masterworks.com/cd
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4. Hugging Face $235.0M
Round: Series DDescription: Brooklyn-based Hugging Face allows users to build, train, and deploy art models using the reference open source in machine learning. Founded by Clement Delangue, Julien Chaumond, and Thomas Wolf in 2016, Hugging Face has now raised a total of $395.2M in total equity funding and is backed by Google, NVIDIA, Amazon, Intel, and Salesforce Ventures.Investors in the round: Amazon, AMD, Google, IBM, Intel, NVIDIA, Qualcomm, Salesforce Ventures, Sound VenturesIndustry: Artificial Intelligence, Machine Learning, Natural Language Processing, Open Source, SoftwareFounders: Clement Delangue, Julien Chaumond, Thomas WolfFounding year: 2016Total equity funding raised: $395.2M
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
outpaced the S&P 500 by 131% over the last 26 years
have the lowest correlation to equities of any asset class
remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
See important disclosures at masterworks.com/cd
3. Ramp $300.0M
Round: Series DDescription: New York-based Ramp is a finance automation platform that helps businesses spend less time and money. Founded by Eric Glyman, Gene Lee, and Karim Atiyeh in 2019, Ramp has now raised a total of $967.0M in total equity funding and is backed by Citi, Goldman Sachs, Stripe, General Catalyst, and Soma Capital.Investors in the round: A* Partners, Altimeter Capital, Coatue, D1 Capital Partners, Definition, Founders Fund, General Catalyst, Honeycomb Portfolio, ICONIQ Capital, Kinetic Partners, Lux Capital, Montauk Ventures, Redpoint Ventures China, Sands Capital Ventures, Spark Capital, Stripe, Thrive CapitalIndustry: Finance, Financial Services, FinTechFounders: Eric Glyman, Gene Lee, Karim AtiyehFounding year: 2019Total equity funding raised: $967.0M
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
outpaced the S&P 500 by 131% over the last 26 years
have the lowest correlation to equities of any asset class
remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
See important disclosures at masterworks.com/cd
2. Axiom Space $350.0M
Round: Series CDescription: Houston-based Axiom Space is a commercial space station company that connects to the ISS. Founded by Kam Ghaffarian and Michael Suffredini in 2016, Axiom Space has now raised a total of $500.0M in total equity funding and is backed by Alumni Ventures, Bossanova Investimentos, Disruptive Ventures, Invariantes Fund, and Sand Hill Angels.Investors in the round: Aljazira Capital, Boryung Pharmaceutical, Chenel CapitalIndustry: Advanced Materials, Aerospace, Industrial Manufacturing, Space TravelFounders: Kam Ghaffarian, Michael SuffrediniFounding year: 2016Total equity funding raised: $500.0M
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
outpaced the S&P 500 by 131% over the last 26 years
have the lowest correlation to equities of any asset class
remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
See important disclosures at masterworks.com/cd
1. Redwood Materials $1.0B
Round: Series DDescription: Carson City-based Redwood Materials is a battery recycling startup that makes electric vehicles and sustainable materials for circular supply chains. Founded by JB Straubel in 2017, Redwood Materials has now raised a total of $1.8B in total equity funding and is backed by Amazon, Goldman Sachs Asset Management, Breakthrough Energy Ventures, US Department of Energy, and T. Rowe Price.Investors in the round: Capricorn Investment Group, Caterpillar, Deepwater Asset Management, Goldman Sachs Asset Management, Microsoft Climate Innovation Fund, OMERS Ventures, T. Rowe PriceIndustry: Advanced Materials, Electric Vehicle, Renewable Energy, SustainabilityFounders: JB StraubelFounding year: 2017Total equity funding raised: $1.8B
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
outpaced the S&P 500 by 131% over the last 26 years
have the lowest correlation to equities of any asset class
remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
See important disclosures at masterworks.com/cd