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The Standard list: One billion-dollar startup leads SF’s biggest VC deals of 2022

Though venture capital investment has tumbled alongside the financial markets, four San Francisco companies received new rounds in excess of a half-billion dollars.

Large semi-trucks are parked under solar panel-covered canopies in a desert-like area with clear skies and scattered clouds.
TeraWatt Infrastructure which builds electric vehicle (EV) charging stations for fleets recently secured roughly $1 billion in a Series A funding. | Courtesy Terawatt Infrastructure

It hasn’t been a great year for investors—and venture capital investors are no exception. An analysis of third-quarter data shows VC funding activity has been cut in half from levels seen at the beginning of 2022.

Though long the nation’s capital of venture-backed innovation, San Francisco investment levels have also declined precipitously, yet VCs inked 1,233 new SF deals worth $28.9 billion in funding so far this year.

As thousands of startup investors and founders flock to Tech Crunch Disrupt this week, a closer look at PitchBook data reveals approximately 30 San Francisco startups that attracted more than $200 million in 2022. In fact, TeraWatt Infrastructure secured a $1 billion early-stage round just last month. The SF-based startup builds charging facilities for commercial electric fleets. 

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Read on for The Standard List of SF’s biggest venture fundings of the year to date.