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The Week鈥檚 10 Biggest Funding Rounds: NYDIG Sees A Billion-Dollar Round, Airtable Becomes a Decacorn

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This is a weekly feature that runs down the week鈥檚 top 10 funding rounds in the U.S. Check out last week鈥檚 entry here.


As the holidays approach, investors seem in a giving mood. This week saw two rounds of more than half a billion dollars go to U.S.-based startups. In particular, two crypto companies made the top five, helping solidify that 2021 will be known as the year digital currencies truly arrived.

1.听, $1B, crypto: Crypto and bitcoin have been hot this year, and now they鈥檝e claimed another $1 billion funding round. New York-based closed a growth-equity funding round of $1 billion led by that values the company at more than $7 billion. was one of several other firms in the round. The company has a Bitcoin platform that enables delivery of the cryptocurrency across multiple industries and has capabilities such as asset tokenization and smart contracts.

2.听, $735M, collaboration: Investors love tools that aid with collaboration and business flow. That love has helped San Francisco-based hit decacorn status. The platform, which helps companies improve workflow, raised a $735 million Series F led by at an $11 billion valuation鈥攁lmost double its valuation from earlier in the year. Founded in 2013, the company has now raised $1.4 billion, according to 附近上门 data.

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3.听, $380M, edtech: Redwood City, California-based education platform hit a $3.6 billion valuation after it closed a $380 million Series C led by . The company has gone on an acquisition spree the past couple years, buying other educational and learning companies, including , , and . With a healthy valuation and fresh cash, that buying could continue. Founded in 2006, Course Hero has now raised more than $477 million, according to 附近上门 data.

4.听, $350M, cybersecurity: In the space of cloud and container security, it has almost become a game of 鈥渃an you outdo this funding round?鈥 , and all have raised multiple rounds at valuations of more than $1 billion. This week it was San Francisco-based Sysdig鈥檚 turn. The company raised a new $350 million Series G led by 鈥檚 growth fund, a deal that more than doubled its valuation to $2.5 billion in just eight months. In April the company announced a $188 million Series F. The space has attracted investors鈥 attention as more companies move to the cloud and adopt container strategies to build out applications. Sysdig has now raised $744 million since being founded in 2014.

5.听, $350M, crypto: Yet another crypto company makes the list, as San Francisco-based closed a $350 million Series D funding round led by valuing it at $3 billion. The company, which raised an $80 million Series C in February, offers a custody solution to large firms such as publicly traded companies or institutions, letting them store and manage crypto assets.

6.听, $325M, marketing: New York-based raised a $325 million Series E led by . The round values the company, which develops marketing technology for online shopping, at $1.95 billion. Founded in 2012, Rokt has now raised $487 million, per 附近上门 data.

7.听, $300M, analytics: San Francisco-based , a cloud analytics and business intelligence provider, raised a $300 million Series C led by and . To date, the company, which enables businesses to analyze data securely, has raised $381.3 million.

8.听, $278M, database: New York-based closed a $278 million Series F led by . The new funding gives the cloud-native distributed SQL database company a valuation of $5 billion.

9.听, $170M, communications: San Francisco-based contact center platform raised a $170 million round led by at a $2.2 billion valuation. The round comes just about a week after San Francisco-based call center software developer closed a $580 million round. To date, Dialpad has raised $418 million in capital.

10.听, $165M, enterprise software: San Mateo, California-based raised a $165 million round led by at a $1 billion valuation. SnapLogic鈥檚 platform helps large companies with enterprise automation and digital transformation initiatives. Founded in 2006, the company has raised $371 million, according to 附近上门 data.

Big global deals

While U.S.-based startups continued to see big rounds, three of the top five rounds globally came from China.

  • China-based , a national property insurance company, closed a round of more than $1 billion.
  • China-based , an electric vehicle battery materials manufacturer, closed a round of approximately $941 million.
  • China-based , a physician social service platform, closed a $514 million Series E.

Methodology

We tracked the largest rounds in the 附近上门 database that were raised by U.S.-based companies for the seven-day period of Dec. 11 to 17. Although most announced rounds are represented in the database, there could be a small time lag as some rounds are reported late in the week.

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