Weekly Funding Insights
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Here are the alternative data highlights on companies that raised funding last week
Over $9.6B were invested in 217 companies worldwide
Funding distribution across categories
The funding round that caught our eye
2013 | United States | $1.5B
Raised $320M in Series F led by TSG Consumer Partners, IVP at an $8.6B valuation
Robinhood is a stock brokerage that allows customers to buy and sell U.S. stocks, options, ETFs, and cryptocurrencies with zero commission
2020 has been a great year for Robinhood. Since the start of the year, Robinhood added 3M accounts, bringing the total number of managed accounts to 13 million (as of May 2020). While its competitors Schwab and E-Trade managed 12.7 million and 5.5 million accounts respectively. Its growth is also reflected in its Website Reach per million which grew by 51% YoY and Employee Count which grew by 80% YoY.
Robinhood’s Competitive Landscape
On a related note, do check out our post on the challenger banks riding the pandemic wave.
Other noticeable companies that raised funding
2018 | United States | $397M
Raised $260M in Series C led by Advent International
Thrasio is an acquirer of Amazon third-party private-label businesses
2013 | Turkey | $149M
Raised $130M led by Actera Group
Vivense is a Turkish online furniture store that connects customers with furniture manufacturers
2012 | United States | $486M
Raised $130M in Series F led by New Enterprise Associates (NEA)
Coursera is an online education company that partners with universities and organizations to offer classes on their platform
2011 | United States | $193M
Raised $120M led by Dragoneer Investment Group
CampusLogic develops tools and resources used by college officials to help students manage scholarships, loans, and other supports
2014 | United States | $170M
Raised $100M in Series C led by Next47
Skydio uses artificial intelligence to create flying drones that are used by consumer, enterprise, and government customers
2011 | India | $191M
Raised $100M in Series D led by Coatue Management
Vedantu is an online e-learning platform that features real-time personalized learning
2017 | United States | $100M
Raised $100M in Series B led by Volition Capital, Greycroft
Medly Pharmacy is a digital pharmacy platform that offers free, same-day prescription delivery
2011 | Germany | $131M
Raised $65M in Series C led by Apax Digital
Pricefx provides full suite price management solutions that are fast to implement, easy to use, and flexibly adapt to business needs
2015 | United States | $94M
Raised $45M in Series D led by Tiger Global Management
Lattice is a people management platform that empowers people leaders to build engaged, high-performing teams
2016 | United States | $63M
Raised $36M in Series C led by Greycroft
Openpath Security offers mobile and cloud-enabled access control system for businesses and landlords
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About the data
Alternative data acts as a proxy for a company’s growth and should not be construed as actual performance metrics.
Reach per million is the number of people visiting a website daily (out of a sample of a million users).
Website Reach per million sourced from Alexa.com’s API. Funding information sourced from Crunchbase.