In February, U.S. investors showed varied activity levels in the startup ecosystem. General Catalyst participated in 15 deals, leading the field. They co-led a $305 million funding round for Together AI, which reached a $3.3 billion valuation, and led a $200 million Series E for Verkada, alongside a $600 million Series C for Saronic and a $351 million Series D for Eikon Therapeutics. Lightspeed Venture Partners engaged in eight rounds, including a co-led $110 million Series B for K2 Space and investments in Abridge and Semgrep. Andreessen Horowitz reported a decrease, with six deals, the lowest since April, including participation in Saronic and a $70 million Series C round for Sardine. First Round Capital doubled its activity from January, including investments in K2 Space and a $49 million Series B for Fal. Other firms like z21 Ventures, Menlo Ventures, Valor Equity Partners, Spark Capital, Soma Capital, and Bain Capital Ventures each recorded five deals, with General Catalyst making significant investments totaling $610 million across three key funding rounds.

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