![]() ReadySet, a remote-based database acceleration company, raised $24 million in Series A funding led by Index Ventures and was joined by investors including Amplify Partners and other angels. e-Zinc, a Toronto-based energy storage company, raised $25 million in Series A funding led by Anzu Partners, BDC Capital, Toyota Ventures, and Eni Next. OpenPhone, a remote-based phone system for business, raised $40 million in Series B funding led by Tiger Global, and was joined by investors including Craft Ventures, Slow Ventures, Garage Capital, Worklife Ventures, and others. Coro, a New York-based cyber security platform, raised $60 million in Series C funding led by Balderton Capital and was joined by Jerusalem Venture Partners. EDO, a Los Angeles-based data, measurement, and analytics software company, raised $80 million in funding from Shamrock Capital. SamCart, an Austin and Washington D.C.-based eCommerce platform for creators, raised $82 million in Series B funding led by Eldridge and was joined by investors including TTV Capital, Fin VC, the George Kaiser Foundation, and eGateway Capital. It was also joined by investors including Insight Partners, Spark Capital, KKR, Aspenwood Ventures, Rivas Capital, and Sigmas Group. Clarify Health, a San Francisco-based cloud analytics and value-based payments platform company, raised $150 million in Series D funding led by SoftBank Vision Fund 2 and was joined by funds and accounts managed by BlackRock and Memorial Hermann Health System. Valuations are up for early and mid-stage startups, but the median valuation for late-stage companies has begun to drop. Asset or investment management companies, corporations and corporate venture funds, private equity, and venture capital investors have all scaled back the size of deals they are signing. Mega-round funding is down 30% from last quarter, and it’s down in every sector except for angel investors, who tend to be most active in the early stages. Here are four critical pieces of data from quarter one that investors should be watching closely: Investors are scaling back We likely won’t see the full extent of some of these macro-economic indicators for many more months. Early-stage companies are the furthest removed from the public markets, so it shouldn’t be a surprise that early-stage deals are the last to be impacted by things like market volatility or rising interest rates. While investors can trade in and out of a publicly-traded stock near-instantly, private funding deals take time to value and close. ![]() Private companies always take time to follow their public peers. It’s not all bad news: Those numbers are still high, and early and mid-stage valuations are up-but there is a drag in both valuations and exits for late-stage deals, an early indication that there is trouble ahead, and it will likely trickle down to the rest of the private markets in the coming months. ![]() ![]() In the first three months of 2022, global funding has fallen 19% to $144 billion from last quarter, according to new data from CB Insights-the largest quarter-over-quarter percentage decline in nearly 10 years. ![]()
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