October was a busy month for U.S. startup funding, led by well-known venture investors with a healthy appetite for big deals. General Catalyst emerged as the month’s busiest lead dealmaker, by both round count and size. Lightspeed Venture Partners followed closely, with eight lead rounds, and Sequoia Capital and Andreessen Horowitz with seven deals each. The largest contributor to General Catalyst's total was a $2.1 billion round for Re:Build, a startup that partners with manufacturers for product design and production, followed by a $2 billion Series A for Axiom Solutions International. J.P. Morgan Asset Management co-led the Re:Build financing, and Koch Equity co-led the Axiom deal. The ranking of most active venture investors by round count featured many of the same names as our prior lead investor tally, albeit with some switch-ups. Most notably, Y Combinator assumed its customary ranking as busiest investor by round in deals of $5 million or more. The famed accelerator typically participates as a nonlead backer in follow-on rounds for startups that took part in its program. Overall, active investor rankings across metrics point to an upbeat startup funding environment. Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.
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