Y Combinator led August startup investments, Nvidia increased pace
Y Combinator invested in at least 18 U.S. startup funding rounds of $5 million or more in August, making it the most active backer by deal count. Nvidia sharply ramped up its startup investments, taking part in nine such deals—its busiest month on record—with $1.3 billion in led or co-led financings. Global venture funding hit $42 billion for the month, more than doubling year-on-year.
- Y Combinator joined at least 18 deals, most overall
- Nvidia involved in nine, up from four in July
- General Catalyst led or co-led five, including $1.1B for River AI
- Seven companies globally raised rounds over $1 billion
- August global venture funding was $42 billion, up 122%
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