Main Topic: Largest startup funding deals in the US in 2023
Key Points:
1. Abcuro raises $155 million in a Series B financing round for biotech.
2. Teamshares secures $124 million in a Series D round for fintech.
3. Pivotal Commware receives $102 million in a Series D round for telecommunications.
Main topic: Fintech startup Ramp raises $300 million in funding at a post-money valuation of $5.8 billion.
Key points:
1. Ramp secures $300 million in a funding round co-led by Thrive Capital and Sands Capital.
2. The funding will be used to accelerate product development, expand into adjacent categories, and hire significantly.
3. Ramp has experienced strong growth, adding new features and customers, and now serves businesses of all sizes.
Despite a decrease in venture capital investments in June, new crypto projects are still attracting funding, including Orbital's $6.4 million raise for expanding blockchain payment infrastructure, unshETH's $3.3 million seed round for decentralized finance solutions, ZTX's $13 million funding for Web3 infrastructure development, Stroom Network's $3.5 million raise for Bitcoin staking, and Fxhash's $5 million funding for its digital art platform.
Uniswap Labs, the company behind decentralized exchange Uniswap, has announced a 0.15% fee on trades involving certain tokens in order to fund its operations.
A new fund called Unbroken Chain plans to raise $5 million to trade Ordinals and inscriptions, non-fungible tokens (NFTs) stored on the Bitcoin blockchain, despite controversy over their impact on network congestion and fees.
