Q3 Review + New Deal Trackers
^ seemed fitting for election day
Thank you to all of my paid subscribers - here is the Q3 2024 recap. Paid subscribers also get access to the deal trackers - spreadsheets of all M&A and funding rounds. Here’s a preview of the Q3 summary…
Table of Contents
Top Acquirers
Round Summary
Most Rounds Led
Largest Deal by Round (with company details)
Updated Tracker Links (the spreadsheet versions you’ve always wanted)
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A lot of work goes into this weekly, and it’s been free for years
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You’re going to expense it anyway (I’m looking at you VCs and Bankers)
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Most Acquisitions
Salesforce (2) - Own Company, Zoomin
Lumivero (2) - Atlas.ti, Risk Decisions
Round Summary
Pre-Seed - Average $3.0M, Median $3.2M, Total $11.8M
Seed - Average $4.4M, Median $3.5M, Total $127.0M
Series A - Average $16.2M, Median $15.0M, Total $468.5M
Series B - Average $52.2, Median $33.0M, Total $835.4M
Series C - Average $65.4M, Median $49.6M, Total $457.6M
Series D - Average $345.0M, Median $345.0M, Total $690.0M
Series E - Average $319.0M, Median $319.0M, Total $319.0M
Strategic & Growth - Average $124.1M, Median $31.5M, Total $992.9M
Unknown - Average $20.5M, Median $9.5M, Total $410.1M
Total - Average $37.2M, Median $11.4M, Total $4,312.3M
Most Rounds Led
Google (5) - Climate X, Cribl, Niva, Roe AI, Wealth.com
Lightspeed (4) - Exa, Space and Time, Stability AI, Stork
Morgan Stanley (3) - 3Forge, Cloudian, Datamaran
Largest Deal by Round
Tread.fi is an algorithmic trading infrastructure company for institutional digital asset firms. The company announced a $3.5M Pre-Seed round led by New Form Capital with additional investors including Aquanow and Varys Capital. The company was founded by David Jeong (prior Morgan Stanley), Weishuai Yang (prior Uniswap, Coinbase, TD Securities), and Yibo Duan (prior Amazon, Avant).
Illumex develops a generative semantic fabric platform for structured enterprise data. The company announced a $13M Seed round led by Cardumen Capital, Amdocs Ventures, and Samsung Ventures. The company was founded by Inna Tokarev Sela (prior Sisense, SAP).
6 more funding rounds and deal trackers beyond the wall…