Weekly Funding Insights
Hey there!
Here are the alternative data highlights on companies that raised funding last week.
Over $8.4B were invested in 255 companies worldwide.
# of funding rounds across categories
Funding round that caught our eye
2005 | Sweden | $2B
Raised $650M led by Silver Lake
Klarna is an e-commerce payment solutions platform for merchants and shoppers.
Klarna app has more than 12 million monthly active users worldwide, with 55,000 daily downloads. As a result of the accelerated switch to online retail and evolving consumer preferences, the company has added more than 35,000 new retailers during the first half of 2020 to its network of more than 200,000 retail partners.
Klarna’s Competitive Landscape
The pay-later model got a momentum with Affirm also raising $500M last week and likes of PayPal introducing installments based credit options.
Noticeable companies that raised funding
2012 | United States | $1.5B
Raised $500M in Series G led by GIC, Durable Capital Partners
Affirm is a financial technology services company that offers installment loans to consumers at the point of sale.
2013 | United States | $1.5B
Raised $485M in Series F from Whale Rock Capital Management, DST Global, Coatue, General Atlantic, Access Technology Ventures, ICONIQ Capital, Tiger Global Management, Dragoneer Investment Group
Chime is a fintech company that helps its members avoid bank fees, save money automatically, and lead healthier financial lives.
2012 | India | $385M
Raised $225M led by TPG, Footpath Ventures, Chrys Capital, Tiger Global Management
Dream11 is India’s Biggest Sports Game with 30 million+ users playing Fantasy Cricket, Football, Kabaddi, and NBA.
2013 | Germany | $305M
Raised $170M in Series C led by LGT Lightstone
Infarm builds and distributes highly efficient vertical farms throughout cities to grow fresh produce right in your neighborhood.
2015 | United States | $200M
Raised $110M in Series D from Sapphire Sport, Mousse Partners, L Catterton, Mayfield Fund, Amazon Alexa Fund, Transformational Healthcare Venture Capital, Shasta Ventures, Evolution Media, Delta-v Capital
Tonal is a smart home gym that uses artificial intelligence and expert-led coaching to provide strength training.
2012 | United States | $231M
Raised $106M led by Drive Capital, General Catalyst
Olive is a developer of process automation software used to build meaningful artificial intelligence to empower healthcare organizations.
2000 | United States | $1118M
Raised $66M
AvidXchange is the industry leader in automating invoice and payment processes for mid-market businesses.
2016 | India | $203M
Raised $60M in Series D led by Munich Re Ventures
Acko General Insurance is a digital insurance company with a license to underwrite and distribute bite-sized insurance products.
2011 | United States | $131M
Raised $60M in Series D led by Georgian
Devo is a cloud-native platform developed to support new machine learning technology for data.
2015 | Canada | $178M
Raised $53M in Series C from Index Ventures, Blue Cloud Ventures, Harmonic Growth Partners, ETS
ApplyBoard is the world's largest online platform for study abroad.
With lockdown forcing people to shift from outdoor vacations to indoor entertainment options, gaming industry paced up as their choice. Some gaming companies have grown in size by over 40% in the last 6 months!
MPL - 47%
PlayVS - 44%
Download the report and checkout the top performers.