Space tech comes back down to earth

And, is now actually a great time to be a startup founder?

July 20, 2023 Hi, Didong. SpaceX recently made headlines as it became the second most valuable private company in the world (the universe?) with a reported $150 billion valuation. But not all space tech companies have seen the astronomical fundraising success of Elon Musk’s aviation and aerospace darling. In today’s edition, we boldly go into the space tech numbers. 🌍 Space tech comes back down to earth Like most startup sectors, space tech has fallen from the lofty highs achieved just a few years ago. But here’s why the dismal VC numbers don’t necessarily mean the “Space 2.0” era is over. Related Crunchbase Pro query: Space Tech Funding In 2023 ⏱ Why the time is now for ambitious tech founders to break through Yes, times are tough for startup founders right now. But companies from Microsoft to Airbnb emerged victorious from the crucible of adverse market conditions. Neil Patel of Redesign Health shares his best advice for startup entrepreneurs looking to seize this moment. 🎥 Lights, camera … AI? Venture funding to media-related startups is down, but to the extent they are making bets in the media space, startup investors are often wagering that artificial intelligence will play a growing role in producing content. Case in point: The largest U.S. media round so far this year was $141 million to a developer of AI-enabled tools for video creation. Related Crunchbase Pro query: Media-Related Startup Funding ↘️ LatAm startup funding continues sharp descent A bevy of huge funding deals to Latin American startups in 2021 and 2022 helped crown it the fastest-growing region for venture investment in the world. But as funding to LatAm startups has continued to slow this year, the peak-era investment surge looks increasingly short-lived. Crunchbase ROI Calculator See the number of new accounts Crunchbase can add to your funnel with our advanced prospecting ROI calculator powered by Crunchbase data. Calculate Recent Investments MUSINSA $190M / Series C MUSINSA is a fashion business company that provides personalized curation and storytelling for a diverse range of brands and products. Categories: E-Commerce • Fashion • Retail Founders: Cho Man Ho Investors: Kohlberg Kravis Roberts (Lead), Wellington Management Renibus Therapeutics $47M / Series B Renibus Therapeutics is a clinical-stage biotech company focused on preventing and treating kidney disease. Categories: Biotechnology • Health Care • Therapeutics Founders: Alvaro Guillem, D. Jeffrey Keyser VitalConnect $30M / Series F VitalConnect offers wearable biosensor technology for wireless patient monitoring in both hospital and remote patient populations. Categories: Biotechnology • Health Care • Medical Device • Wearables Founders: Nersi Nazari, Stephen Zadig Investors: Revelation Partners (Lead), EW Healthcare Partners, Pacific General Ventures More Fundings Company Amount / Round Lead Investor Telegram Messenger $210M / Debt Financing - Bowery Valuation $16M / Series B Goldman Sachs Asset Management Snapsheet $5.0M / Venture Round State Farm Ventures Aleph Alpha Unknown / Venture Round - Foodology Unknown / Venture Round - Cohere Unknown / Corporate Round - Anthropic Unknown / Corporate Round - All Recent Funding Activity Recent Acquisitions Quasar-Med Pending acquisition by Boyu Capital for $600M More Acquisitions Company Acquired By Amount CIMA Loomis 132M EUR All Recent Acquisition Activity Discover innovative companies and the people behind them. 564 Market St, San Francisco, CA 94104 © 2023 Crunchbase Inc. All rights reserved. Privacy Policy | Terms of Service Unsubscribe from Crunchbase Daily.