TLDR:
July was a slow month for venture firms in the U.S., with only Andreessen Horowitz hitting double digits in the number of funding rounds for U.S.-based startups. General Catalyst and Sequoia Capital also made notable deals in the month.
Summary:
In July, Andreessen Horowitz led the way with 11 deals for U.S.-based startups, including funding rounds for space startup Astranis, autonomous surface vessels maker Saronic, and AI startup Hebbia. General Catalyst closed nine deals, three times more than the previous year, including a leading role in a $300 million round for Skild AI. Sequoia Capital also closed nine deals, participating in compliance startup Vanta’s $150 million round. Lightspeed Venture Partners made eight deals, co-leading Skild’s round and leading a $150 million Series C for Scorpion Therapeutics.
Index Ventures and Alumni Ventures followed with seven deals each. Y Combinator remained the top investing incubator and accelerator, with 18 deals in July.
Overall, July was a slow month for venture firms, with only a few standing out for their significant number of deals and investments in U.S.-based startups.
