Andreessen Horowitz Takes Top Spot Again

It is a month-to-month function that runs down a number of the most-active buyers in U.S.-based firms, seems at a few of their most fascinating investments, and consists of some odds and ends of who spent what. See August’s most-active startup buyers here.

October turned out to be a pretty busy month for most of the large names in enterprise and was led once more by Andreessen Horowitz.

Different buyers resembling Lightspeed Venture Partners and General Catalyst adopted carefully,  all investing in 11 or extra rounds involving U.S.-based firms.

Apparently, none of these corporations took half within the large spherical of the month — OpenAI’s huge $6.6 billion raise — however all of them clearly discovered a number of different offers to their liking.

Andreessen Horowitz, 14 offers

Few corporations have been as busy as Andreessen Horowitz. Within the three months earlier than October, the Menlo Park, California-based large made 32 offers involving U.S.-based startups.

A16z had its busiest month of the yr in October, participating in 14 rounds with U.S. startups. The most important was in New York-based mortgage servicing platform Valon Technologies’ $100 million Collection C led by WestCap.

The most important spherical the corporate led was a $51.5 million Collection C for San Francisco-based Infinitus Systems, which has developed an AI platform particularly constructed to automate guide healthcare telephone calls.

Basic Catalyst, 12 offers

Basic Catalyst additionally had considered one of its largest months with a dozen offers introduced, which tied with April.

Whereas that’s spectacular, what is probably most notable is the 2 big rounds it led — or co-led — in a three-day span.

On Oct. 25, it led a $900 million Collection A for Pacific Fusion, a startup trying to create a nuclear fusion-based vitality supply. It shortly adopted that on Oct. 28 by co-leading cybersecurity startup Armis Security’s large $200 million Series D together with Alkeon Capital.

Lightspeed Enterprise Companions, 11 offers

Persevering with our theme, Lightspeed additionally invested in additional rounds involving U.S.-based startups final month than in another month up to now this yr. That included participating within the large Pacific Fusion spherical.

It additionally took half within the $135 million Series D for San Francisco-based EvenUp, a authorized tech startup creating synthetic intelligence merchandise for the non-public harm sector.

The most important home spherical it co-led was fee processing startup Finix’s $75M Collection C together with Acrew Capital and Leap Global Partners.

Sequoia Capital and Alumni Ventures, 9 offers every

In contrast to the opposite corporations on this record up to now, neither Sequoia nor Alumni set year-high marks for investments final month.

Nevertheless, that’s to not say they didn’t participate in some notable rounds.

Alumni participated in Impulse Space’s $150 million Collection B. The Redondo Seashore, California-based area startup is growing a line of orbital switch automobiles — additionally referred to as “area tugs” — which function a last-mile cargo supply service as soon as payloads get into orbit.

Sequoia helped New York-based teletherapy startup Maven Clinic lock up a $125 million Collection F that values the startup at $1.7 billion. Maven companions with employers and well being plans to supply medical assist regarding preconception, household constructing, being pregnant, parenting and menopause.

Additionally notable:

• BoxGroup got here in subsequent on the record with eight offers.
• Lightspeed Enterprise Companions and Basic Catalyst led the way in which in most led or co-led offers in October with six every.
• Thrive Capital led the record for variety of rounds led or co-led with the very best greenback quantities with two at greater than $6.6 billion — together with OpenAI’s long-awaited increase of $6.6 billion at a post-money valuation of $157 billion.
• Y Combinator as soon as once more was the highest investing incubator and accelerator with 18 offers in October.

Associated studying:

Methodology

It is a record of buyers which took half in essentially the most rounds involving U.S.-based startups. It doesn’t embrace incubators or accelerators because of the fluctuations their funding numbers can have.

Illustration: Dom Guzman