Where media startups see a bright spot

July 19, 2023

Hi, Didong. One of the issues Hollywood writers and actors are striking about is concern about displacement by generative AI. As far-fetched as that sounded just a year ago, they may have a point. Crunchbase data shows that while funding to media-related startups has plummeted in recent years, large rounds have gone to AI companies in the space.

🎥 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.

🕸️ Move over Web3 — AI steals the show

Two years ago, Web3 was the word. Startups in the space raised more than $10 billion in the fourth quarter of 2021 alone. How times have changed. Web3 has been hit harder than almost any other major startup sector this year, as investors retreat to both AI and more traditional sectors.

🏭 Carbon capture startups capture plenty of funding

Most startups these days are struggling to get VCs’ attention. But there’s plentiful capital for companies involved in capturing and storing atmospheric carbon and industrial waste. The companies on our list have raised at least $1.25 billion in funding to date, per Crunchbase data.

🏆 The Megadeals Leaderboard: Track $100M+ rounds

Keep track of the largest startup funding deals in 2023 with our curated list of $100 million-plus venture deals to U.S.-based companies. Powered by Crunchbase’s comprehensive data, this leaderboard is updated weekly as companies raise large rounds.

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

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