Weekly Funding Insights
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Here are the alternative data highlights on companies that raised funding last week.
Over $10.5B were invested in 270 companies worldwide.
# of funding rounds across categories
Funding round that caught our eye
2018 | United Kingdom | $557M
Raised $309M from BlackRock, D1 Capital Partners, Fidelity Management, General Catalyst
Cazoo is an online used car marketplace designed to transform the way people buy, finance, or rent used cars.
As the used cars sale spiked post pandemic, the company has seen its revenues surge to £100 million in less than one year of the launch of its e-commerce platform. It is now valued at more than $2 billion, doubling its previous valuation. The website traffic and employee count growth for Cazoo also seen over 2.5x spike YoY as of Aug ‘20.
Cazoo’s Competitive Landscape
Noticeable companies that raised funding
2016 | Sweden | $3.3B
Raised $600M led by Volkswagen Group, Baillie Gifford, Goldman Sachs Merchant Banking Division
Northvolt develops sustainable lithium-ion batteries in conjunction with R&D, industrialization, and recycling to support clean energy.
2016 | Mexico | $398M
Raised $385M in Series B led by Greenoaks Capital, DST Global, SOFTBANK Latin America Ventures
Kavak is an online platform that offers an exceptional experience of buying and selling used cars.
2009 | United States | $378M
Raised $140M led by D1 Capital Partners
Alkami Technology provides cloud-based digital banking solutions for credit unions and banks.
2011 | United States | $250M
Raised $110M in Series F led by Hitachi Ventures, aMoon Fund
Sophia Genetics is a biotechnology firm that aims to support healthcare professionals by maximizing the power of data-driven medicine.
2016 | United States | $202M
Raised $100M in Series E led by Franklin Templeton Investments
Allbirds is an apparel and fashion company that specializes in manufacturing eco-friendly wool shoes.
2014 | Austria | $101M
Raised $52M in Series A led by Valar Ventures
Bitpanda is a centralized crypto exchange that provides access to digital assets.
2019 | United States | $73M
Raised $37M in Series B led by GV
Tend provides hassle-free, personalized, and straightforward dental services with a focus on patient happiness.
2012 | United States | $59M
Raised $35M in Series C led by Volition Capital
ButterflyMX is developing a contactless entry intercom that provides secure, convenient and affordable property access from a smartphone.
2013 | India | $64M
Raised $35M led by Addition
Inshorts is a news aggregator application that collects and summarizes news based on user behavior and preferences.
2016 | United States | $58M
Raised $25M in Series B led by Warburg Pincus
Facet Wealth is a provider of financial and wealth management services used to simplify the financial planning process.
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