This is a weekly feature that features the top 10 funding rounds of the week in the US Check out the biggest funding rounds from the past week here.
Things picked up a bit on the funding front this week, mostly thanks to a monster round of a Bill Gates-founded a startup and the immense interest in all things biotechnology and healthcare. Besides these rounds, marketing, travel and fintech startups also saw big increases in what could be the best week of August so far.
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1. Terra Power$750 million, energy: A slow week was somewhat picked up by the huge increase in TerraPower. The nuclear innovation company founded by Bill Gates has secured a capital raise that raises a “minimum of $750 million,” the company said in a statement. Release. The fundraiser was co-led by SK inc. and SK Innovation– who invested $250 million – as well as Bill Gates. The SK Group is one of South Korea’s largest energy suppliers and this is not the only time it will be mentioned here. The round is also one of the largest advanced nuclear fundraisers to date. Founded in 2006, TerraPower is an incubator and developer of ideas and technologies. The Bellevue, Wash.-based company will use the new funds to develop advanced nuclear technology, as well as to develop new cancer treatments from nuclear isotopes.
2. Orna Therapeutic$221 million, biotechnology: As we said earlier, biotech and healthcare were big this week. Orna Therapeutics, based in Cambridge, Massachusetts, was the biggest fundraiser. The developer of RNA therapies announced a $221 million Series B drug giant Merck joined as a new investor and MPM Capital and BioImpact Capital also participated in the tour. Founded in 2019, Orna has now raised $321 million, per Crunchbase.
3. Senda Biosciences$123M, biotechnology: Senda Biosciences, based in Cambridge, Mass., was another biotech company that got investors’ love this week. The company produces “programmable drugs,” where biomolecules can be sent directly to human cells for processing. Senda locked in a $123 million Series C from investors that included Flagship pioneer and the Samsung Life Sciences Fund. Founded in 2017, the company has raised $266 million to date, according to the company.
4. (tied) atomic power$110M, electronics: As mentioned earlier, the group SK has reappeared on this list. The energy supplier pledged at the end of last month invest $22 billion across a range of tech and cleantech industries in the United States, and it clearly wastes little time. In addition to its TerraPower agreement, SK Inc. and SK energy invested $100 million in Huntersville, North Carolina-based Atom Power, which is trying to digitize power distribution for electric vehicle charging. The company has developed a commercial solid-state digital circuit breaker that enables smarter and more sustainable power distribution. Founded in 2014, the company has raised nearly $175 million, per Crunchbase.
4. (tied) VidMob$110m, marketing: It’s one thing to create advertising and marketing content, it’s another to know if it actually does what it’s supposed to do. This is where VidMob comes in. The New York-based company’s software helps marketers analyze the quality of that creative content used in digital advertising and gathers insights to help improve its performance. The platform was attractive enough to clover capital that he led the startup’s $110 million Series D this week. Founded in 2014, the company has raised nearly $232 million, according to data from Crunchbase.
6. Incredible health$80M, health care: San Francisco-based Incredible Health, a platform that connects health systems to nurses, closed an $80 million Series B funding led by Base10 Partners which values the company at $1.65 billion. Founded in 2017, Incredible Health claims to have now raised a total of $97.5 million.
seven. A-B$75 million, fintech: San Francisco-based AtoB, a payments platform for the trucking industry, raised a $155 million Series B round, which included $75 million in venture capital and $80 million in debt. The tour was led by Elad Gil and General Catalyst. Founded in 2019, AtoB has raised $230 million in debt and equity, according to the company.
8. Aero technologies$50M, travel: San Francisco-based premium air travel startup Aero Technologies has raised $50 million in Series B funding and $15 million in convertible notes. The cycle was co-directed by AlbaCore Capital Group and returning investors Expert and Keyframe Capitalwith new investments of Capital One Ventures. Founded in 2014, the company has raised more than $104 million, according to Crunchbase.
9. Jet Token$40 million, aerospace: Las Vegas-based Jet Token, a private aviation booking and membership platform, announced a $40 million investment commitment from GEM Global Return for post-IPO financing.
ten. Moxime$40 million, medical devices: Fremont, Calif.-based Moximed, which develops medical devices for people with osteoarthritis, announced a $40 million Series C equity and debt financing. The tour was led by Advent Life Sciences. The company did not disclose the equity and debt ratio. Founded in 2006, the company has raised more than $193 million, per Crunchbase.
big world business
Unsurprisingly, TerraPower took the top spot globally, but three non-US-based startups made the top five global lists.
- Based in China Viiyonga maker of multilayer ceramic chip capacitors, raised a Series B worth around $331 million.
- DriveNetsa native cloud network developer based in Israel, got a $262 million Series C.
- Israel-based property management platform Guest closed a Series E of $170 million.
We tracked the biggest rounds in the Crunchbase database that were raised by US-based companies for the seven-day period from August 13 to August 19. Although most of the advertised tours are represented in the database, there might be a small lag as some tours are posted on weekends.
Drawing: Dom Guzman
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