The Biggest Funding Rounds Of Last Week: Do These Point To Bigger Things In 2024 And Beyond?

Last week was full of big funding rounds, including one exceeding $1 billion. While investors have been relatively tight with their money this year, it hasn't stopped some companies from securing cash.

Take a look at last week's top 10 announced funding rounds.

1. Metropolis

Metropolis raised $1.7 billion in debt and equity, focusing on checkout-free parking with computer vision. Eldridge Industries and 3L Capital Management were the lead investors.

2. Electric Hydrogen

Electric Hydrogen secured $380 million in a Series C round, reaching a $1 billion valuation. The company produces green hydrogen through electrolyzer systems powered by renewable energy, reflecting growing investor interest in this sector.

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3. Headway

Headway attracted $125 million in a Series C round for its mental health platform. Based in New York, the startup connects patients with therapists under their insurance coverage and has now raised over $225 million.

4. Iambic Therapeutics

Iambic Therapeutics closed a $100 million Series B round, coled by Ascenta Capital and Abingworth. The biotech firm from San Diego focuses on new therapeutics via its generative artificial intelligence (AI) discovery platform.

5. Prins AI

Prins AI secured a $100 million Series B investment for its AI digital identity platform. The Colorado-based startup's platform creates "smart workers" that can be used for tasks like marketing videos, training and broadcast media.

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6. Stoke Space Technologies

Stoke Space raised $100 million in a Series B round for its reusable rocket development. The Dallas-based company aims to further its Nova rocket project and expand its Florida launch site.

7. Mach Industries

Mach Industries acquired $79 million in a Series A round led by Bedrock Capital. The defense tech startup, founded in 2022 and based in Austin, Texas, now has a post-money valuation of $335 million.

8. iLink Digital Inc.

iLink Digital secured $75 million from private equity firm True North Managers. The software developer from Redmond, Washington, received this as its first major external investment since its founding in 2002.

9. Stampli Inc.

Stampli raised $61 million for its AI-powered accounting tools. The Mountain View, California-based company assists businesses in bill payments and has accumulated nearly $146 million in funding.

10. Regent Craft

Regent Craft locked in a $60 million Series A funding for its all-electric seagliders. Coled by 8090 Industries and Founders Fund, the Rhode Island-based manufacturer has now raised $90 million.

While you may not have the opportunity to invest in these companies, there are plenty of others that deserve your attention. Through the StartEngine platform, retail investors can quickly and efficiently invest in startups and early-growth companies.

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