Armed with some data from our friends at CrunchBase, I broke down the largest US startup funding rounds from August 2023. I have included some additional information such as industry, company description, round type, founders, and total equity funding raised to further the analysis.
A Banksy got everyday investors 32% returns?
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
- outpaced the S&P 500 by 131% over the last 26 years
- have the lowest correlation to equities of any asset class
- remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
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See important disclosures at masterworks.com/cd
12. Modular $100.0M
Round: Series A
Description: Palo Alto-based Modular is an AI software developer platform that unifies the development and deployment of AI for everyone. Founded by Chris Lattner and Tim Davis in 2022, Modular has now raised a total of $130.0M in total equity funding and is backed by General Catalyst, Google Ventures, Greylock, Factory, and SVA.
Investors in the round: Factory, General Catalyst, Google Ventures, Greylock, SVA
Industry: Artificial Intelligence, Machine Learning, Software
Founders: Chris Lattner, Tim Davis
Founding year: 2022
Total equity funding raised: $130.0M
A Banksy got everyday investors 32% returns?
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
- outpaced the S&P 500 by 131% over the last 26 years
- have the lowest correlation to equities of any asset class
- remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
LEARN MORE
See important disclosures at masterworks.com/cd
12. BitGo $100.0M
Round: Series C
Description: Palo Alto-based BitGo is an institutional digital asset financial services company that provides clients with security, custody, and liquidity solutions. Founded by Ben Davenport, Mike Belshe, and Will O’Brien in 2013, BitGo has now raised a total of $171.5M in total equity funding and is backed by Goldman Sachs, Galaxy Digital, Founders Fund, GS Growth, and Pantera Capital.
Investors in the round: Craft Ventures, DRW, Galaxy Ventures Co., Ltd, Goldman Sachs, GS Growth, Redpoint, Valor Equity Partners
Industry: Bitcoin, Cryptocurrency, Financial Services, FinTech, Virtual Currency
Founders: Ben Davenport, Mike Belshe, Will O’Brien
Founding year: 2013
Total equity funding raised: $171.5M
A Banksy got everyday investors 32% returns?
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
- outpaced the S&P 500 by 131% over the last 26 years
- have the lowest correlation to equities of any asset class
- remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
LEARN MORE
See important disclosures at masterworks.com/cd
12. Resilience $100.0M
Round: Series D
Description: San Francisco-based Resilience supports companies assess, measure, and manage their cyber risk by balancing risk acceptance, mitigation, and transfer. Founded by Davis Hake, Matthew Hall, Raj Shah, and Vishaal Hariprasad in 2016, Resilience has now raised a total of $217.0M in total equity funding and is backed by General Catalyst, Lightspeed Venture Partners, Founders Fund, CRV, and Intact Ventures.
Investors in the round: Founders Fund, General Catalyst, Intact Ventures, Lightspeed Venture Partners
Industry: Cyber Security, Insurance, Risk Management, SaaS
Founders: Davis Hake, Matthew Hall, Raj Shah, Vishaal Hariprasad
Founding year: 2016
Total equity funding raised: $217.0M
A Banksy got everyday investors 32% returns?
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
- outpaced the S&P 500 by 131% over the last 26 years
- have the lowest correlation to equities of any asset class
- remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
LEARN MORE
See important disclosures at masterworks.com/cd
12. Apollo.io $100.0M
Round: Series D
Description: San Francisco-based Apollo.io is a market sales platform that helps accelerate the growth of an organization. Founded by Ray Li, Roy Chung, and Tim Zheng in 2015, Apollo.io has now raised a total of $251.3M in total equity funding and is backed by Sequoia Capital, Tribe Capital, Y Combinator, Bain Capital Ventures, and Nexus Venture Partners.
Investors in the round: Bain Capital Ventures, Nexus Venture Partners, Sequoia Capital, Tribe Capital
Industry: Lead Generation, Sales, Sales Automation, Software
Founders: Ray Li, Roy Chung, Tim Zheng
Founding year: 2015
Total equity funding raised: $251.3M
A Banksy got everyday investors 32% returns?
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
- outpaced the S&P 500 by 131% over the last 26 years
- have the lowest correlation to equities of any asset class
- remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
LEARN MORE
See important disclosures at masterworks.com/cd
11. Pivotal Commware $102.0M
Round: Series D
Description: Bothell-based Pivotal Commware develops software-defined antennas and radios that use holographic beamforming to increase network speed and capacity. Founded by Brian Deutsch, Brian Deutsch, Eric Black, and Jay McCandless in 2016, Pivotal Commware has now raised a total of $191.0M in total equity funding and is backed by Fortress Investment Group, Lux Capital, Bill Gates, Verizon Ventures, and Devonshire Investors.
Investors in the round: Blue Investment Group, Devonshire Investors, DIG Investment, Fortress Investment Group, Gates Frontier Fund, Lux Capital, Thermo Companies, Tracker Capital Management, Verizon Ventures
Industry: Computer, Information Technology, Software, Telecommunications
Founders: Brian Deutsch, Brian Deutsch, Eric Black, Jay McCandless
Founding year: 2016
Total equity funding raised: $191.0M
A Banksy got everyday investors 32% returns?
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
- outpaced the S&P 500 by 131% over the last 26 years
- have the lowest correlation to equities of any asset class
- remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
LEARN MORE
See important disclosures at masterworks.com/cd
10. SpyCloud $110.0M
Round: Series D
Description: Austin-based SpyCloud develops account takeover prevention and fraud investigation tools to protect businesses from cyberattacks. Founded by Alen Puzic, David Endler, and Ted Ross in 2016, SpyCloud has now raised a total of $168.5M in total equity funding and is backed by Altos Ventures, M12 – Microsoft’s Venture Fund, Silverton Partners, Riverwood Capital, and March Capital.
Investors in the round: Riverwood Capital, Silverton Partners
Industry: Cyber Security, Fraud Detection, Network Security, Software
Founders: Alen Puzic, David Endler, Ted Ross
Founding year: 2016
Total equity funding raised: $168.5M
A Banksy got everyday investors 32% returns?
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
- outpaced the S&P 500 by 131% over the last 26 years
- have the lowest correlation to equities of any asset class
- remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
LEARN MORE
See important disclosures at masterworks.com/cd
9. Jerry $110.0M
Round: Series C
Description: Palo Alto-based Jerry is software that helps the owners of a car handle insurance, financing, repairs, maintenance, and safety. Founded by Art Agrawal, Lina Zhang, and Musawir Shah in 2017, Jerry has now raised a total of $241.0M in total equity funding and is backed by Goodwater Capital, Y Combinator, Liquid 2 Ventures, Plug and Play Ventures, and FundersClub.
Investors in the round: Goodwater Capital, Highland Capital Partners, Park West Asset Management, Plug and Play Ventures, TriplePoint Capital
Industry: Artificial Intelligence, Auto Insurance, Insurance, InsurTech
Founders: Art Agrawal, Lina Zhang, Musawir Shah
Founding year: 2017
Total equity funding raised: $241.0M
A Banksy got everyday investors 32% returns?
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
- outpaced the S&P 500 by 131% over the last 26 years
- have the lowest correlation to equities of any asset class
- remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
LEARN MORE
See important disclosures at masterworks.com/cd
8. Teamshares $124.0M
Round: Series D
Description: Brooklyn-based Teamshares is an employee ownership platform for small business. Founded by Alex Eu, Kevin Shiiba, and Michael Brown in 2019, Teamshares has now raised a total of $126.7M in total equity funding and is backed by Alumni Ventures, Union Square Ventures, QED Investors, Slow Ventures, and Khosla Ventures.
Investors in the round: Contrary, Inspired Capital Partners, Khosla Ventures, QED Investors, Slow Ventures, Spark Capital, Union Square Ventures
Industry: Commercial, Financial Services, FinTech, Manufacturing, Retail
Founders: Alex Eu, Kevin Shiiba, Michael Brown
Founding year: 2019
Total equity funding raised: $126.7M
A Banksy got everyday investors 32% returns?
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
- outpaced the S&P 500 by 131% over the last 26 years
- have the lowest correlation to equities of any asset class
- remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
LEARN MORE
See important disclosures at masterworks.com/cd
7. Newlight Technologies $125.0M
Round: Venture
Description: Huntington Beach-based Newlight Technologies uses decarbonization technology dedicated to converting greenhouse gas into biomaterials. Founded by Kenton Kimmel and Mark Herrema in 2003, Newlight Technologies has now raised a total of $231.6M in total equity funding and is backed by CNX Resources, Valedor Partners, GenZero, Oxy Low Carbon Ventures, and Charter Next Generation.
Investors in the round: Charter Next Generation, GenZero, Oxy Low Carbon Ventures
Industry: Advanced Materials, Biotechnology, Sustainability
Founders: Kenton Kimmel, Mark Herrema
Founding year: 2003
Total equity funding raised: $231.6M
A Banksy got everyday investors 32% returns?
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
- outpaced the S&P 500 by 131% over the last 26 years
- have the lowest correlation to equities of any asset class
- remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
LEARN MORE
See important disclosures at masterworks.com/cd
6. Nile $175.0M
Round: Series C
Description: San Jose-based Nile provides secure connectivity and network independence through wired and wireless networking-as-a-service. Founded by John Chambers, Pankaj Patel, Sri Hosakote, and Suresh Katukam in 2018, Nile has now raised a total of $300.0M in total equity funding and is backed by 8VC, Valor Equity Partners, ICONIQ Capital, Prosperity7 Ventures, and Sanabil.
Investors in the round: 8VC, Aramco Ventures, Geodesic Capital, Liberty Global Ventures, March Capital, Prosperity7 Ventures, Sanabil, STC Ventures, U First Capital, Valor Equity Partners
Industry: Internet, Network Security, Wireless
Founders: John Chambers, Pankaj Patel, Sri Hosakote, Suresh Katukam
Founding year: 2018
Total equity funding raised: $300.0M
A Banksy got everyday investors 32% returns?
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
- outpaced the S&P 500 by 131% over the last 26 years
- have the lowest correlation to equities of any asset class
- remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
LEARN MORE
See important disclosures at masterworks.com/cd
5. Genesis Therapeutics $200.0M
Round: Series B
Description: South San Francisco-based Genesis Therapeutics unifies AI and biotech to accelerate the discovery of new medicines. Founded by Ben Sklaroff and Evan Feinberg in 2019, Genesis Therapeutics has now raised a total of $256.1M in total equity funding and is backed by BlackRock, Andreessen Horowitz, T. Rowe Price, Felicis, and Fidelity Management and Research Company.
Investors in the round: Andreessen Horowitz, BlackRock, Fidelity Management and Research Company, Menlo Ventures, Radical Ventures, Rock Springs Capital, T. Rowe Price
Industry: Artificial Intelligence, Biotechnology, Information Technology
Founders: Ben Sklaroff, Evan Feinberg
Founding year: 2019
Total equity funding raised: $256.1M
A Banksy got everyday investors 32% returns?
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
- outpaced the S&P 500 by 131% over the last 26 years
- have the lowest correlation to equities of any asset class
- remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
LEARN MORE
See important disclosures at masterworks.com/cd
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4. Hugging Face $235.0M
Round: Series D
Description: Brooklyn-based Hugging Face allows users to build, train, and deploy art models using the reference open source in machine learning. Founded by Clement Delangue, Julien Chaumond, and Thomas Wolf in 2016, Hugging Face has now raised a total of $395.2M in total equity funding and is backed by Google, NVIDIA, Amazon, Intel, and Salesforce Ventures.
Investors in the round: Amazon, AMD, Google, IBM, Intel, NVIDIA, Qualcomm, Salesforce Ventures, Sound Ventures
Industry: Artificial Intelligence, Machine Learning, Natural Language Processing, Open Source, Software
Founders: Clement Delangue, Julien Chaumond, Thomas Wolf
Founding year: 2016
Total equity funding raised: $395.2M
A Banksy got everyday investors 32% returns?
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
- outpaced the S&P 500 by 131% over the last 26 years
- have the lowest correlation to equities of any asset class
- remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
LEARN MORE
See important disclosures at masterworks.com/cd
3. Ramp $300.0M
Round: Series D
Description: New York-based Ramp is a finance automation platform that helps businesses spend less time and money. Founded by Eric Glyman, Gene Lee, and Karim Atiyeh in 2019, Ramp has now raised a total of $967.0M in total equity funding and is backed by Citi, Goldman Sachs, Stripe, General Catalyst, and Soma Capital.
Investors in the round: A* Partners, Altimeter Capital, Coatue, D1 Capital Partners, Definition, Founders Fund, General Catalyst, Honeycomb Portfolio, ICONIQ Capital, Kinetic Partners, Lux Capital, Montauk Ventures, Redpoint Ventures China, Sands Capital Ventures, Spark Capital, Stripe, Thrive Capital
Industry: Finance, Financial Services, FinTech
Founders: Eric Glyman, Gene Lee, Karim Atiyeh
Founding year: 2019
Total equity funding raised: $967.0M
A Banksy got everyday investors 32% returns?
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
- outpaced the S&P 500 by 131% over the last 26 years
- have the lowest correlation to equities of any asset class
- remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
LEARN MORE
See important disclosures at masterworks.com/cd
2. Axiom Space $350.0M
Round: Series C
Description: Houston-based Axiom Space is a commercial space station company that connects to the ISS. Founded by Kam Ghaffarian and Michael Suffredini in 2016, Axiom Space has now raised a total of $500.0M in total equity funding and is backed by Alumni Ventures, Bossanova Investimentos, Disruptive Ventures, Invariantes Fund, and Sand Hill Angels.
Investors in the round: Aljazira Capital, Boryung Pharmaceutical, Chenel Capital
Industry: Advanced Materials, Aerospace, Industrial Manufacturing, Space Travel
Founders: Kam Ghaffarian, Michael Suffredini
Founding year: 2016
Total equity funding raised: $500.0M
A Banksy got everyday investors 32% returns?
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
- outpaced the S&P 500 by 131% over the last 26 years
- have the lowest correlation to equities of any asset class
- remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
LEARN MORE
See important disclosures at masterworks.com/cd
1. Redwood Materials $1.0B
Round: Series D
Description: Carson City-based Redwood Materials is a battery recycling startup that makes electric vehicles and sustainable materials for circular supply chains. Founded by JB Straubel in 2017, Redwood Materials has now raised a total of $1.8B in total equity funding and is backed by Amazon, Goldman Sachs Asset Management, Breakthrough Energy Ventures, US Department of Energy, and T. Rowe Price.
Investors in the round: Capricorn Investment Group, Caterpillar, Deepwater Asset Management, Goldman Sachs Asset Management, Microsoft Climate Innovation Fund, OMERS Ventures, T. Rowe Price
Industry: Advanced Materials, Electric Vehicle, Renewable Energy, Sustainability
Founders: JB Straubel
Founding year: 2017
Total equity funding raised: $1.8B
A Banksy got everyday investors 32% returns?
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
- outpaced the S&P 500 by 131% over the last 26 years
- have the lowest correlation to equities of any asset class
- remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
