TLDR:
- Wonder raised a massive $700 million in funding for food delivery.
- Several other biotech companies secured significant rounds, including Mirador Therapeutics, Capstan Therapeutics, Engrail Therapeutics, and Clasp Therapeutics.
Article Summary:
The week’s biggest funding rounds featured Wonder leading the way with an impressive $700 million raised for its food delivery service. The company, founded by Marc Lore, plans to expand with 100 more locations over the next two years. In the biotech sector, Mirador Therapeutics raised $400 million, Capstan Therapeutics secured $175 million, Engrail Therapeutics received $157 million, and Clasp Therapeutics obtained $150 million for their respective precision medicine and cell reprogramming technologies.
Additionally, Foundry, a cloud-based startup, raised $80 million to support ML workloads. BigID, a data privacy company, and Figure Markets, a fintech platform, each raised $60 million, while Succinct, a Web3 infrastructure provider, secured $55 million. Hippocratic AI, a healthcare AI developer, completed the list with a $53 million Series A round.
The U.S. dominated the big funding rounds this week, with notable global deals also occurring. Solaris, a German embedded finance platform, raised approximately $104 million in a Series F round. Overall, the week’s funding rounds showcased the diversity of innovative technologies and solutions being developed by startups across various sectors.
