Weekly Funding Insights
Hey there!
Here are some performance metrics on companies that raised funding last week.
Over $5.8B were invested in 279 companies worldwide.
# of funding rounds across categories
Funding round that caught our eye
2018 | Sweden | $388M
Raised $160M led by The Raine Group
VOI Technology owns, operates, and manages electric scooters for urban commuters.
With a strong presence in Europe, Voi has also developed a strong team to become the largest e-scooter operator in the UK. Since Sep ’20, it has expanded to six cities across the UK, and delivered close to 250,000 rides replacing ~14% the car trips
Voi’s Competitive Landscape
Voi competes with Tier, Dott and Wind in the micro-mobility space in the UK and EU. Tier recently raised $250M in a Series C round led by Softbank in Sep ’20, and been expanding its employee base consistently.
Noticeable companies that raised funding
2015 | United States | $648M
Raised $350M in Series E led by VectoIQ LLC
TuSimple is a self-driving truck company developing technology that allows them to drive from depot-to-depot without human intervention.
2014 | United States | $300M
Raised $290M led by Summit Partners
ShipMonk offers direct-to-consumer fulfillment and technology tools for e-commerce companies.
2018 | Brazil | $269M
Raised $249M
C6 Bank is a new bank with no physical agencies.
2015 | United States | $250M
Raised $175M in Series D from Foresite Capital, Morningside Ventures, BlackRock, Portfolia, Highland Capital Partners, Goodwater Capital, Greenspring Associates, Next Coast Ventures, The Chernin Group, Lux Capital
EverlyWell is a digital health company that offers consumer testing, virtual care, at-home collection tests, and digital results.
2015 | United States | $162M
Raised $150M Series B led by L Catterton
Function of Beauty offers personalized hair care products tailored to its customers' specific hair profile and goals.
2011 | United States | $195M
Raised $138M in Series E led by Insight Partners
Bizzabo is a meeting and event planning platform for operating virtual or in-person conferences.
2015 | United States | $184M
Raised $114M in Series C led by SoftBank Vision Fund
Flock Freight uses algorithmic pooling technology to allow less-than-truckload (LTL) shippers to share trailer space in one full truckload.
2018 | India | $255M
Raised $80M in Series C led by DST Global
CRED is a members-only app that rewards the user with exclusive rewards for paying credit card bills.
2014 | United States | $240M
Raised $65M in Series D led by Sequoia Capital Global Equities
Virta delivers a clinically-proven treatment to reverse type 2 diabetes and other chronic metabolic diseases.
2018 | United States | $76M
Raised $50M in Series B led by Coatue
Step is a financial services company that builds mobile-based banking for teenagers.
Learning never stops, not even during a pandemic. With learning management systems and proctoring platforms stepping up to meet the needs of institutes, tools like Google Classroom, Schoology and Edmodo have experienced their app engagement increase by over 3x YoY in Oct ‘20. Head over to our latest post to know more.