Weekly Funding Insights
Hey there!
Here are some interesting insights on the funding activity that happened over the last week.
Over $8.7B were invested in 350 companies worldwide.
Performance Metrics of companies that got funded last week
Funding round that caught our eye
Razorpay
2014 | India | $367M
💰 Raised $160M in Series E led by Sequoia Capital India, GIC
Razorpay is a platform that enables businesses to accept, process and disburse payments.
More than 5 million businesses in India including the likes of CRED, Swiggy, Ola and Facebook rely on Razorpay to process their payments. It is targeting a total payment volume of $50 billion by the end of 2021 with plans to expand the company size.
Razorpay’s Competitive Landscape
Noticeable companies that raised funding
Cera
2016 | United Kingdom | $452M
💰 Raised $361M led by Evolve HealthCare Partners
Cera designs professional home care services and an accompanying digital platform that provides transparent, consistent, and efficient care.
CleanCapital
2015 | United States | $304M
💰 Raised $300M led by Manulife Investment Management
CleanCapital accelerates clean energy with an online marketplace providing opportunities for investors and access to capital for developers.
ActiveCampaign
2003 | United States | $360M
💰 Raised $240M in Series C led by Tiger Global, Dragoneer
ActiveCampaign specializes in email marketing, marketing automation, and sales automation.
Rocket Lawyer
2008 | United States | $269M
💰 Raised $223M led by Vista Credit Partners
Rocket Lawyer specializes in providing online legal services.
Misfits Market
2018 | United States | $302M
💰 Raised $200M in Series C led by D1 Capital Partners, Accel
Misfits Market provides a subscription box service for organically sourced produce.
Deel
2018 | United States | $204M
💰 Raised $156M in Series C led by Spark Capital, Andreessen Horowitz, Y Combinator Continuity Fund
Deel is a payroll and compliance platform for international employees and contractors.
Druva
2008 | United States | $475M
💰 Raised $147M in Series H led by Caisse de Depot et Placement du Quebec
Druva delivers a SaaS-based platform to protect and manage enterprise data across endpoint, data center and cloud workloads.
Virta Health
2014 | United States | $373M
💰 Raised $133M in Series E led by Tiger Global
Virta delivers a clinically-proven treatment to reverse type 2 diabetes and other chronic metabolic diseases.
Chargebee
2011 | United States | $218M
💰 Raised $125M in Series G led by Sapphire Ventures, Insight Partners, Tiger Global
Chargebee provides subscription and recurring billing systems for SaaS and e-commerce businesses.
Classy
2006 | United States | $184M
💰 Raised $118M in Series D led by Norwest Venture Partners
Classy offers an online and mobile platform that enables socially good organizations to raise funds for various causes.