2024 Year-End Startup Recap: Major Funding Rounds, Mergers & Acquisitions Across the Industry
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The year is coming to a close, but startup news keeps rolling in
As the calendar year winds down, it’s clear that the startup world isn’t slowing down. Just last week, a flurry of funding announcements and mergers captured the attention of industry observers and tech enthusiasts alike.
Firstly, Finland-based wearable company Oura raised $200 million at a whopping $5.2 billion valuation in its Series D round. Notably, this round included participation from Fidelity Management and Dexcom, with whom they recently collaborated.
Meanwhile, Canadian travel startup Hostaway secured an impressive $365 million to reach a valuation of $925 million. This significant round was led by General Atlantic and aimed at expanding the company’s growth plans.
The accessibility momentum continued to pick up pace with Evinced securing $55 million in its Series C funding. The funds will be utilized for further expansion into Europe, where new regulations are set to take effect come June.
Decart, an AI startup based in San Francisco but with Israel operations, secured a $32 million round, which translates to a valuation of $500 million mere two months after it went stealth.
Agave Games, the Turkish entity behind popular mobile game Find the Cat, has managed to secure $18 million for its Series A funding. The funds will be utilized in building up their team and working on upcoming titles.
In other news from the world of startups and venture capital:
Marcy Venture Partners merged with Pendulum Opportunities to form MarcyPen Capital Partners , now holding a staggering $900 million worth of assets under management.
Backstage Capital founder Arlan Hamilton announced her transition into an advisory role ; 360 Venture Collective will be acquiring a considerable stake in Backstage’s management entity and co-managing operators while providing capital for the firm, which faced criticism earlier on.
Lastly, G2 Venture Partners is seeking to raise $750 million for its third fund, indicating a strong vote of confidence from limited partners regarding their climate and sustainability startup thesis.
As we wrap up this year’s startup news, TechCrunch has curated a list of the 51 most impactful startups in 2024.
Source: techcrunch.com
