TechCrunch shared insights into which startups and industries are currently receiving the most funding.
In the past week, green technology and biotech sectors saw significant funding activity, with two notable companies securing $200 million each.
Serán Bioscience, a biotech firm based in Oregon, raised over $200 million in its first disclosed funding round. The company, which provides drug development and manufacturing services to the pharmaceutical industry, plans to use the funds to expand its manufacturing capabilities, particularly in drug delivery systems.
On the green technology front, Twelve, a Berkeley-based startup focused on carbon transformation, also raised $200 million in a Series C round. The company aims to accelerate the completion of its sustainable aviation fuel plant, AirPlant One, using the funds. This round is part of a broader fundraising effort, which included $400 million in project equity and $45 million in credit, reflecting a total of nearly $890 million raised to date.
Other notable rounds this week included Engine, a business travel startup, raising $140 million, and AtoB, a fintech company focused on transportation, securing $130 million. This highlights the ongoing interest in sectors like travel, fintech, and charity fundraising software, despite a generally slow period for large funding rounds in 2024.
We help create lists of companies and people from LinkedIn tailored to your career goals, as well as analyze the job market. For more details about our services, the business assistant will provide further information.
