The Standard List: One Billion-Dollar Startup Leads SF’s Biggest VC Deals of 2022
Written by Maryann Jones ThompsonPublished Oct. 19, 2022 • 9:05am
Business
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.
Read on for The Standard List of SF’s biggest venture fundings of the year to date.
Maryann Jones Thompson can be reached at [email protected]
