Weekly Funding Insights
Hey there!
Here are some performance metrics on companies that raised funding last week.
Over $7B were invested in 260 companies worldwide.
# of funding rounds across categories
Funding round that caught our eye
2009 | Poland | $149M
Raised $80M led by Learn Capital
Brainly is an online learning platform where students and parents get homework and study help from peers and experts.
The company reported a user base of more than 350 million students, parents and teachers, 30 million of whom are based in the U.S. Since April, Brainly’s user base has increased by over 75%, as online education continues to garner more engagement.
Brainly’s Competitive Landscape
Brainly faces a formidable competition by Chegg and Coursehero which has a strong traction over the US market; the only geography where it is monetizing currently.
Noticeable companies that raised funding
2015 | United States | $2500M
Raised $700M from Silver Lake, Temasek Holdings, Alphabet, Ontario Teachers' Pension Plan
Verily develops tools and devices to collect and analyze health data to research and manage diseases.
2015 | United States | $435M
Raised $275M in Series E led by Tiger Global Management
StockX is an online marketplace to buy and sell limited edition and high demand sneakers.
2012 | Brazil | $569M
Raised $255M in Series E led by LGT Lightstone
Creditas is a financial technology company that operates a digital platform providing secured loans, auto & home solutions, and HR benefits.
2012 | India | $465M
Raised $250M led by Partners Group
Ecom Express is an end-to-end technology-enabled logistics solutions provider to the Indian e-commerce industry.
2013 | Estonia | $592M
Raised $182M in Series D led by D1 Capital Partners
Bolt is a transportation platform providing ride-hailing, micromobility, and food delivery services.
2010 | United States | $251M
Raised $160M in Series D led by Advent International
Zenoti is a provider of cloud-based software for the spa and salon industries.
2012 | United States | $1633M
Raised $140M in led by Tiger Global Management
Oscar is a health insurance company that offers individual and family plans, medicare advantage, and small group products.
2014 | Germany | $152M
Raised $130M in Series C led by TCV
Spryker is a commerce technology platform that enables global enterprises to build transactional business models.
2012 | United States | $479M
Raised $100M in Series H led by Greenoaks Capital
Discord is an online chat and voice communication platform designed for creating communities.
2017 | United States | $138M
Raised $100M in Series B led by Georgian
ClickUp is a customizable productivity platform that replaces other workplace apps for all users and all departments in an organization.