Sequoia Leads Startup Investment Activity in June as Meta Tops Spending Charts
Sequoia stood out as the most active startup investor last month, while Meta claimed the highest-dollar investment with a $14.3 billion deal.
Venture capital activity remained strong in June, with Sequoia emerging as the most active investor and Meta making headlines with the biggest investment.
Most of the top investors were familiar names, including Sequoia, Andreessen Horowitz, and Founders Fund. However, Meta joined the spotlight by leading one of the largest single investments of the year.
Sequoia Leads in Deal Volume
Sequoia ranked first among U.S. venture firms by number of deals. The firm completed 15 investments last month, including some of the largest rounds in the market. Notable deals included a $540 million Series E for cybersecurity startup Cyera and a $300 million Series E for legaltech company Harvey.
Other active investors included Y Combinator, which closed 14 deals, followed by Khosla Ventures and General Catalyst with 12 each.
Y Combinator, typically known for seed-stage investing, is increasingly active in later rounds. In June, it participated in a $125 million Series D for Gecko Robotics and an $80 million Series D for Canary Technologies.
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Top Lead Investors and Big Spenders
Andreessen Horowitz led or co-led five post-seed rounds, including a $300 million Series E for Abridge and a $131 million Series C for Decagon, making it the most active lead investor in June.
Kleiner Perkins and Founders Fund each led four deals. Kleiner’s largest was a $600 million Series F for Applied Intuition, while Founders Fund made a bold move with a $2.5 billion Series G for Anduril, pushing it into second place among the biggest spenders.
Meta’s Massive Move
Meta made headlines by investing $14.3 billion in Scale AI. The deal reportedly gives Meta a 49% stake in the company and involves the transition of Scale’s founder Alexandr Wang and several employees to Meta.
Notable Seed Activity
While high-dollar deals dominated the headlines, seed investors remained active. Rebel Fund, Y Combinator, and Alumni Ventures led in number of seed investments.