Weekly Funding Insights

Hey there!

Here are some interesting insights on the funding activity that happened over the last week.

Over $11B were invested in 312 companies worldwide.

Click on the graph below to explore scale vs. growth rate of companies that got funded

Performance Metrics of companies that got funded last week

Funding round that caught our eye

Starling Bank

2014 | United Kingdom | $852M
Raised $376M led by Fidelity

Starling Bank is a mobile banking platform that offers personal, joint, and business accounts.

The new funding will be used to grow Starling’s consumer lending business and back its long-planned European expansion. As of now, it has more than 2 million accounts, including more than 300,000 small business accounts.

Starling Bank’s Competitive Landscape

Noticeable companies that raised funding

Lineage Logistics

2012 | United States | $7B
Raised $1.9B from D1 Capital, Oxford Properties, BentallGreenOak, Cohen & Steers, MS Tactical Value and Conversant Capital, OPTrust Private Markets Group, CenterSquare Investment Management

Lineage Logistics is a warehousing and logistics company that provides temperature-controlled logistics and supply chain solutions.

Epidemic Sound

2009 | Sweden | $509M
Raised $450M led by EQT, Blackstone Group

Epidemic Sound is a music company that produces music for online creators.

BlockFi

2017 | United States | $509M
Raised $350M in Series D led by Bain Capital Ventures, Tiger Global Management, DST Global, Pomp Investments

BlockFi is a secured non-bank lender that offers cryptoasset-backed USD loans to cryptoasset owners.

Snyk

2015 | United States | $752M
Raised $300M in Series E led by Accel

Snyk is a cybersecurity company that develops security analysis tools used to identify open-source vulnerabilities.

Forward

2016 | United States | $225M
Raised $225M in Series D led by SoftBank Vision Fund, Founders Fund

Forward is a healthcare startup that provides a membership-based health care system.

WorkFusion

2009 | United States | $341M
Raised $220M in Series F led by Georgian

WorkFusion offers automation solutions to enterprises to help them reduce costs and up-skill workforces.

NYDIG

2017 | United States | $305M
Raised $200M led by Soros, New York Life Insurance, MassMutual, Morgan Stanley, Stone Ridge Asset Management, FS Investments

NYDIG is a technology and financial services firm dedicated to Bitcoin for institutions, private clients, and banks.

Cedar

2016 | United States | $351M
Raised $200M in Series D led by Tiger Global Management

Cedar is a patient payment and engagement platform for hospitals, health systems, and medical groups that elevates the patient experience.

Flutterwave

2016 | United States | $235M
Raised $170M in Series C led by Avenir Growth Capital, Tiger Global Management

Flutterwave is a fintech company that provides a payment infrastructure for global merchants and payment service providers.

Zego

2016 | United Kingdom | $202M
Raised $150M in Series C led by DST Global, General Catalyst

Zego is a commercial motor insurance provider that powers opportunities for businesses, from entire fleets of vehicles to self-employed drivers and riders.

Note: Alexa Reach per million is the number of people visiting the website on a daily basis out of 1 million people chosen from a larger sample set.