Crunchbase News (1 hour ago)
More than half of all seed- through growth-stage venture capital raised in the U.S. so far in 2026 went to seven companies founded or led by men who are already billionaires. Together, these companies raised more than $260 billion in equity funding in the first 10 months of the year.
Read the full story on Crunchbase News.
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Public Accounts Committee talks of ‘broken promises’ and ‘chaos’ as ‘thousands’ of retired folk miss out on money
Saudi Aramco’s adjusted net income rose to $31.2 billion in the third quarter, from $28.6 billion a year earlier. The state oil company reported the figures in its results on Tuesday. Its report also highlights a new 49% stake in HUMAIN, Saudi Arabia’s state-backed AI company.
EloElo Group, the Bengaluru company behind the Indian microdrama app Story TV, has raised $80 million in a Series C round. Hornbill Capital and NBCUniversal co-led it, the company said in a statement.
Cambridge-based biotech company bit.bio has raised $25M in a Series D round, ten months after securing its previous investment.
Canva is restructuring in a way that affects 1,271 people, or 22% of the company. Some staff will lose their jobs, others will change roles and some will be asked to relocate. Co-founder and chief executive Melanie Perkins announced the changes in a note to staff on Wednesday, which Canva published.
Global venture funding in October totaled $59 billion, a 45% jump from a year earlier, per Crunchbase data, in large part due to a record-setting $15.9 billion funding round for China’s DeepSeek.
Record venture funding in 2026 has been increasingly concentrated in massive AI rounds, while seed- and early-stage deal counts are on the decline. Using Crunchbase data we provide a look at how third-quarter funding continued the year’s dollars-up-but-deals-down trend.
This week featured a robust lineup of large rounds, led by manufacturing startup Re:Build, which closed on $2.1 billion, and predictions marketplace Kalshi, which picked up another $1 billion.
Travel demand appears to be holding up, but at the same time, investor appetite for travel tech startups has cooled. Even a wave of startups promising to improve travel with AI hasn’t managed to reverse the funding slowdown. We share what a review of Crunchbase data shows.
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