Weekly Funding Insights
Hey there!
Here are some interesting insights on the funding activity that happened over the last week.
Over $11.4B were invested in 349 companies worldwide.
Funding rounds that caught our eye
Revolut
2015 | United Kingdom | $1.7B
💰 Raised $800M in Series E led by Tiger Global Management, SoftBank Vision Fund at $33B valuation
Revolut is a financial services company that specializes in mobile banking, card payments, money remittance, and foreign exchange.
Revolut’s Competitive Landscape
Revolut has a user base of 16 million customers and reported a revenue of $361 million in 2020. While the company majorly operates in Europe, it plans to expand in the US and India as well
Noticeable companies that raised funding
Yanolja
2005 | Korea, Republic of | $1.9B
💰 Raised $1.7B led by SoftBank Vision Fund
Yanolja is a leisure platform that provides online accommodation and travel services.
Swiggy
2014 | India | $2.9B
💰 Raised $1.25B in Series J led by SoftBank Vision Fund, Prosus
Swiggy is an on-demand food delivery platform that brings food from neighbourhood restaurants directly to customers' doors.
Lunar
2015 | Denmark | $371M
💰 Raised $249M in Series D led by Heartland
Lunar is a digital bank that offers a mobile-based banking app that helps consumers manage their personal finances.
Quantexa
2016 | United Kingdom | $241M
💰 Raised $153M in Series D led by Warburg Pincus
Quantexa develops network analytics tools for the detection and prevention of financial crime.
Remote
2019 | United States | $196M
💰 Raised $150M in Series B led by Accel
Remote offers international payroll, benefits, and compliance services for employees and contractors.
Arctic Wolf
2012 | United States | $498M
💰 Raised $150M in Series F led by Viking Global Investors, Owl Rock Capital
Arctic Wolf helps companies end cyber risk by providing security operations as a concierge service.
Sourcegraph
2013 | United States | $248M
💰 Raised $150M in Series D led by Andreessen Horowitz
Sourcegraph provides universal code search for developers and companies so they can innovate faster and manage billions of lines of code.
Flock Safety
2017 | United States | $231M
💰 Raised $150M in Series D led by Andreessen Horowitz
Flock Safety offers security systems to capture images while the proprietary machine-learning algorithm identifies a vehicle fingerprint.
NetraDyne
2015 | United States | $198M
💰 Raised $150M in Series C led by SoftBank Vision Fund
NetraDyne engages in improving fleet safety through computer vision and in-depth data analysis.
M1 Finance
2015 | United States | $323M
💰 Raised $150M in Series E led by SoftBank Vision Fund
M1 Finance is a robo-advisory investment platform that offers brokerage accounts, digital checking accounts, and lines of credit.