As the year 2023 comes to a close, InnovationMap reflects on the top stories in Houston innovation, including the top five investment rounds raised by Houston startups. According to reporting by InnovationMap, the five startups that raised the most money are:
- Axiom Space’s $350M series C: Houston-based Axiom Space closed its series C funding round with $350 million. The company is now valued at over $1 billion and has raised the most funding of any private space company in 2023, second only to SpaceX.
- Cart.com’s $60M series C: Houston-founded software company Cart.com closed its series C equity funding round at a $1.2 billion valuation. The round was led by investors including B. Riley Venture Capital, Kingfisher Investment Advisors, Snowflake Ventures, and Prosperity7 Ventures.
- RepeatMD’s $50M series A: Nine months after its seed round, Houston startup RepeatMD secured $40 million in venture capital and a $10 million debt facility. The funding round was co-led by Centana Growth Partners and Full In Partners, with participation from PROOF and Mercury Fund.
- MacroFab’s $42M series C: Houston-based electronics manufacturing platform MacroFab announced $42 million in new growth capital. The funding round was led by Foundry, joined by BMW i Ventures, Edison Partners, and ATX Venture Partners.
- EndoQuest Robotics’ $42M series C: Houston medical device company EndoQuest Robotics closed a $42 million series C funding round. Investors included CE Ventures Limited, McNair Interests, and Puma Venture Capital.
These investment rounds highlight the diversity of industries and sectors in Houston’s startup ecosystem, including space exploration, software solutions, healthcare, electronics manufacturing, and robotics technology for the medical field. The significant amounts raised by these startups demonstrate the confidence and interest from investors in Houston-based companies. Overall, 2023 has been a successful year for Houston startups, with these five companies leading the way in securing substantial funding to fuel their growth and innovation.
