Weekly Funding Insights
Hey there!
Here are some interesting insights on the funding activity that happened over the last week.
Over $13.2B were invested in 344 companies worldwide.
Performance Metrics of companies that got funded last week
Funding round that caught our eye
Nubank
2013 | Brazil | $2.3B
💰 Raised $750M in Series G led by Sands Capital Ventures, Berkshire Hathaway
Nubank is a digital bank that offers digital credit cards, transfers, and payments.
Nubank has over 40 million users and plans to use the funds for international expansion to Mexico and Colombia.
Nubank’s Competitive Landscape
Noticeable companies that raised funding
Northvolt
2016 | Sweden | $6B
💰 Raised $2.8B led by Volkswagen Group, Third Swedish National Pension Fund, Fourth Swedish National Pension Fund, Andra AP-fonden, OMERS, First Swedish National Pension Fund, Goldman Sachs
Northvolt is a lithium-ion battery manufacturing company that focuses on providing eco-friendly batteries.
Relativity Space
2015 | United States | $1.3B
💰 Raised $650M in Series E led by Fidelity Management and Research Company
Relativity Space is an aerospace company that designs, develops, and builds 3D printed rockets.
Klarna
2005 | Sweden | $3730M
💰 Raised $639M led by SoftBank Vision Fund
Klarna is an e-commerce payment solutions platform for merchants and shoppers.
Trulioo
2011 | Canada | $475M
💰 Raised $394M in Series D led by TCV
Trulioo is an online verification company that operates a digital identity network deploying security and privacy standards.
Ledger
2014 | France | $468M
💰 Raised $380M in Series C led by 10T Holdings
Ledger provides security and infrastructure solutions to critical digital assets for consumers and institutional investors.
ApplyBoard
2015 | Canada | $483M
💰 Raised $300M in Series D led by Ontario Teachers' Pension Plan
ApplyBoard is an online platform for study abroad.
Faire
2017 | United States | $696M
💰 Raised $260M in Series F led by Sequoia Capital
Faire is a company that helps retailers find and buy wholesale merchandise for their stores.
Eightfold
2016 | United States | $397M
💰 Raised $220M in Series E led by SoftBank Vision Fund
Eightfold is a developer of a talent intelligence platform used to help companies find, recruit, and retain workers.
Scalable Capital
2014 | Germany | $314M
💰 Raised $183M in Series E led by Tencent
Scalable Capital is a digital asset management company that primary focuses on risk management.
Verbit
2017 | United States | $282M
💰 Raised $157M in Series D led by Sapphire Ventures
Verbit uses smart AI technology to disrupt captioning and transcription with speed and automation.