Food Delivery Startup Wonder Leads Big Week

Wish to maintain monitor of the biggest startup funding offers in 2024 with our curated listing of $100 million-plus enterprise offers to U.S.-based firms? Try The Crunchbase Megadeals Board.

It is a weekly characteristic that runs down the week’s high 10 introduced funding rounds within the U.S. Try final week’s greatest funding rounds here.

After a slow week last week, huge rounds noticed a great rebound with seven startups elevating $100 million or extra. Whereas meals supply led the way in which, it additionally was a great week for aerospace, AI, biotech and protection.

1. Wonder, $250M, meals supply: Marc Lore’s meals supply startup Marvel can’t keep off this listing. It was right here in March, final November and in June 2022. It’s again this week as a part of its $650 million acquisition of Grubhub, elevating a further $250 million in capital solely from new traders — which weren’t named. The deal value was a major drop for Grubhub, which was purchased by Just Eat Takeaway for $7.3 billion in 2021. Based in 2018, Marvel has raised practically $1.9 billion, per Crunchbase.

2. Metsera, $215M, biotech: It didn’t take Metsera lengthy to get again on this listing. It was just in April when the New York-based clinical-stage biopharmaceutical startup emerged from stealth with $290 million in funding led by Arch Venture Partners. This week the corporate is again after a $215 million Sequence B led by Venrock Healthcare Capital Partners and Wellington Management. The corporate is exploring medicines for weight problems and metabolic ailments with a group of oral and injectable incretin, nonincretin and mixture therapies.

3. Writer, $200M, synthetic intelligence: San Francisco-based Writer locked up a $200 million Series C that values the enterprise-focused generative AI platform at $1.9 billion. The brand new valuation is a pleasant uptick from the $500 million the corporate was valued at after a $100 million round led by Iconiq Growth final 12 months. The brand new Sequence C was co-led by Iconiq, Premji Invest and Radical Ventures. Author’s platform is designed to assist companies use massive language fashions to enhance workflows and presents AI options that may execute complicated enterprise operations throughout programs and groups. The brand new money can be used for the corporate’s quick-start AI purposes and brokers for workflows in healthcare, retail and monetary companies. Author continues to develop its buyer base, which incorporates names like Accenture, L’Oreal and Uber.

4. Firefly Aerospace, $175M, aerospace: Final 12 months, Firefly Aerospace raised a $300 million Sequence C. The brand new money values the corporate at $1.5 billion pre-money. The Cedar Park, Texas-based house transportation startup is again this week after closing a $175 million Sequence D led by RPM Ventures at a valuation of greater than $2 billion. Firefly is getting set for its inaugural Blue Ghost mission to the moon as a part of NASA’s Industrial Lunar Payload Service initiative. Based in 2014, the corporate has raised $747 million, per Crunchbase.

5. Chaos Industries, $145M, protection: Protection and demanding infrastructure tech startup Chaos Industries raised $145 million in a Series B led by Accel, turning into simply the newest protection tech agency to see huge money from traders. The Los Angeles-based startup had beforehand raised a $70 million Series A led by 8VC 1 final 12 months. Chaos makes a speciality of superior detection, monitoring and communication options for the protection and business sectors. The corporate’s Vanquish radar gives early warning and monitoring capabilities towards unmanned aerial programs, missiles and plane. Chaos will not be alone in elevating a big spherical amongst funding to other defense tech startups. Simply prior to now three months, a number of protection tech startups have seen important money roll into their coffers. In late August, protection tech startup Parry Labs, which creates digital programs for the protection trade that embrace mission-critical software program and superior AI, accomplished an $80 million spherical led by Capitol Meridian Partners. In mid-September, self-driving expertise firm Forterra closed a $75 million Sequence B led by Hedosophia, Moore Strategic Ventures and XYZ Venture Capital.

6. Trace Neuroscience, $101M, biotech: South San Francisco, California-based Hint Neuroscience, which is growing therapies for amyotrophic lateral sclerosis, launched with a $101 million Sequence A led by Third Rock Ventures.

7. Radiant Industries, $100M, vitality: Radiant Industries, which develops moveable nuclear microreactors, raised a $100 million Sequence C funding spherical led by DCVC. Based in 2019, El Sungundo, California-based Radiant has raised $160 million, per the corporate.

8. TRex Bio, $84M, biotech: South San Francisco, California-based TRex Bio, a biotechnology firm trying to decode human tissue immune biology, locked up an $84 million Sequence B led by Delos Capital. Based in 2018, the corporate has raised $169 million, per Crunchbase.

9. Beta Bionics, $60M, biotech: Beta Bionics, a biotech growing diabetes administration options, closed a $60 million Sequence E led by new investor Wellington Management. Based in 2015, the Irvine, California-based firm has raised practically $354 million, per Crunchbase.

10. ScaleOps, $58M, cloud: New York-based ScaleOps, a cloud useful resource administration startup, locked up a $58 million Sequence B led by Lightspeed Venture Partners. Based in 2022, ScaleOps says it has raised $80 million.

Huge international offers

The largest spherical of the week got here from South America.

• Argentina-based fintech firm Ualá, which gives digital banking, raised a $300 million Sequence E at a valuation of $2.75 billion.

Methodology

We tracked the biggest introduced rounds within the Crunchbase database that have been raised by U.S.-based firms for the seven-day interval of Nov. 9 to Nov. 15. Though most introduced rounds are represented within the database, there might be a small time lag as some rounds are reported late within the week.

Illustration: Dom Guzman