TLDR:
Wonder and biotech companies headline the biggest funding rounds in March. Wonder raised $700 million, while biotech startups like Mirador Therapeutics, Alumis, and Sionna Therapeutics secured significant amounts of funding. The month also saw big rounds in autonomous vehicles, cybersecurity, and semiconductor sectors.
- Wonder raised $700 million in a recent funding round for food delivery.
- Biotech companies dominated the list, with significant funding rounds from companies like Mirador Therapeutics, Alumis, Sionna Therapeutics, Capstan Therapeutics, Engrail Therapeutics, Avenzo Therapeutics, and Clasp Therapeutics.
Full Article:
The top funding rounds in March highlighted the success of companies in various sectors, with Wonder’s $700 million raise being a standout. However, the biotech industry stole the spotlight with companies like Mirador Therapeutics, Alumis, Sionna Therapeutics, Capstan Therapeutics, Engrail Therapeutics, Avenzo Therapeutics, and Clasp Therapeutics securing significant amounts of funding to further their research and development efforts.
Wonder, led by Marc Lore, secured a massive $700 million in funding for its food delivery service. Investors included New Enterprise Associates, Google Ventures, Accel, and Bain Capital Ventures. The company aims to expand its locations and offerings in the coming years. Other notable biotech rounds included Mirador Therapeutics’ $400 million Series A funding, Alumis’ $259 million Series C, and Sionna Therapeutics’ $182 million Series C, among others.
Applied Intuition, a company focusing on autonomous vehicle software development, raised $250 million in a Series E round. Axonius, a cybersecurity and SaaS asset management startup, secured a $200 million Series E extension. Celestial AI, a semiconductors startup, raised $175 million in a Series C funding round.
Despite the success of U.S.-based companies in securing large funding rounds, the biggest raise of the month came from China’s Zhiji Automobile, which raised a massive $1.1 billion Series B. This demonstrates the global impact and growth potential of companies in the electric vehicle industry.
Overall, March was a significant month for funding rounds across various sectors, showcasing the innovation and growth opportunities within the startup ecosystem. The biotech industry, in particular, proved to be a hotbed of funding activities with several companies making strides in developing cutting-edge treatments and solutions for various diseases.
