This is a weekly column about the five biggest funding rounds of the past week.

We continue our weekly column on the top 5 venture capital rounds of the past week.

The past week gave us some pretty big rounds. Even if they are not among the biggest names in the world of tech startups – although one major round was led by a well-known startup in the field of artificial intelligence.

Abcuro, $155M

Sector: biotech.
The week before last, biotech took three of the top five spots, and this past week it takes the top spot. Abcuro, a biotech company based in Newton, Massachusetts, raised $155 million in Series B funding co-led by Redmile Group and Bain Capital Life Sciences. The company is developing therapies to treat autoimmune diseases and cancer by precisely modulating specific T and NK cells. The company was founded in 2015 and has raised approximately $215 million in funding.

 Teamshares, $124M

Sector: fintech.
Last week, New York-based Teamshares raised a new $124 million Series D led by QED Investors. The company buys small businesses from retiring owners with the goal of making them 80% employee-owned within 20 years, providing the companies with new leadership, financial education, stock management software and financial products. The startup has grown from four companies with $10 million in revenue in January 2021 to 84 companies with more than $400 million in revenue in July. Founded in 2019, Teamshares says it has raised $245 million in funding.

Pivotal Commware, $102M

Sector: telecommunications.
Pivotal Commware, a developer of radio access networks, has raised $102 million in Series D funding led by Gates Frontier and Tracker Capital. The company’s Pivot 5G repeaters enable the expansion of wireless RAN coverage. The company is perhaps best known for having Bill Gates as one of its early backers. The company was founded in 2016 and has raised $201 million in funding.

Anthropic, $100M

Sector: artificial intelligence.
It seemed that the excitement around artificial intelligence had died down somewhat compared to what it was in the spring. However, it may have only been a brief summer respite. Last week, Anthropic – a competitor to ChatGPT with its AI assistant Claude – raised $100 million from SK Telecom, South Korea’s largest telecommunications company looking to grow its AI-related telecom business. As part of the deal, the San Francisco-based AI startup will build a large language model customized for telecom companies. Anthropic has raised more than $1.4 billion in the past 16 months, including a $450 million Series C led by Spark Capital in May. The company, founded in 2021, has already raised $1.6 billion.

BitGo, $100M

Sector: crypto.
Just a year ago, digital asset investment firm Galaxy Digital canceled its $1.2 billion acquisition offer for BitGo, scrapping one of the largest deals in cryptocurrency history. This week, Palo Alto, California-based BitGo managed to get an even higher valuation from investors, raising $100 million in a Series C round at a $1.75 billion valuation. The company did not disclose who participated in the round, saying only that they were “new external strategic investors.” Previous investors include Valor Equity Partners, GS Growth and Redpoint Ventures. The round is eye-catching, however, given how few nine-figure deals have been done in cryptocurrencies this year. For BitGo, this is just the sixth such round in a year of cryptocurrency funding downturn. The company was founded in 2013 and has raised about $170 million in funding.

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We’ve summarized last week’s results and hope you found the information useful. Stay tuned for more information.