附近上门

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 biggest funding rounds here.

This week was another good illustration of the fundraising market. Only five U.S.-based startups raised six-figure rounds and none even broke the $200 million mark. A year ago, it wasn鈥檛 uncommon for at least a trio of startups to raise a quarter-billion dollars every week. These are definitely much different times.

, $198M, cleantech: With most companies looking to cut emissions, many investors are looking to put money into cleantech startups that can help them accomplish that feat. This week, they invested in Boston-based Electric Hydrogen, which closed a $198 million Series B鈥攁 mix of equity and venture debt鈥攍ed by Climate Tech. The round also consisted of an impressive list of strategic investors such as , and . Electric Hydrogen has created its own patented approach to electrolysis鈥攖he process of producing hydrogen from electricity and water鈥攄esigned for industrial applications. Those applications for more than a third of global greenhouse gas emissions. The cleantech and clean energy sectors saw a record $10.1 billion invested in VC-backed startups last year, and $5.3 billion already has come into the market this year, .

, $150M, crypto: No matter what happens in crypto, it seems like every week some startup locks up a huge round. This week, San Francisco-based FalconX was that startup, raising a $150 million Series D that more than doubled its valuation from just 10 months ago. The new round was led by and , and values the company at $8 billion. In August, the company closed a $210 million Series C at a $3.75 billion valuation. The round also included investment from other big names like , , and . FalconX鈥檚 platform allows institutions to access and manage their crypto assets. The crypto market has had a rocky go of it this year for investors. The two largest cryptocurrencies鈥擝itcoin and Ether鈥攈ave lost more than half their value from their November highs, and some lending platforms, such as , suspended withdrawals and transfers due to market uncertainty and liquidity issues. Nevertheless, investors still seem intrigued. FalconX has now raised more than $430 million, according to the company.

, $130M, NFTs: Similar to its parent industry crypto, NFTs also are having some issues. Nevertheless, NFT marketplace Mountain View, California-based closed a $130 million round to reach a valuation of $1.6 billion this week. The round was co-led by and . Magic Eden鈥檚 marketplace allows users to create, buy and collect NFTs. Its primary marketplace has rolled out more than 250 projects since launching last year and its secondary market has more than 7,000 listed collections.

4. , $119M, biotech: If you have food allergies, Menlo Park, California-based Alladapt Immunotherapeutics may be a company to watch. The clinical-stage biopharmaceutical company closed a $119 million financing round led by this week. Those proceeds will be used to help the firm develop its ADP101 product, which the company says 鈥渉as the potential to be the first FDA-approved therapy to treat the majority of U.S. food allergy patients.鈥� Founded in 2018, the company has now raised $179 million, according to 附近上门.

5. , $100M, fintech: Helping financial institutions compete in the digital world can be hard. Las Vegas-based Prime Trust tries to make it a little easier. The company closed a $100 million-plus Series B鈥攚ith , , and among the leading investors, the company said. Prime Trust offers the actual infrastructure needed by crypto exchanges, on-ramps, wallet apps, broker dealers and banks to offer financial services in the digital world. The company will use the new proceeds to further push its own crypto IRA. Prime Trust has raised more than $170 million in funding, according to the company.

6. , $75M, financial services: New York-based Ledger Investing, a marketplace for insurance risk, raised $75 million in Series B funding led by . Founded in 2016, the company has raised nearly $91 million, 附近上门 data shows.

7. , $75M, insurance: Boston-based Openly, the technology-enabled provider of homeowners insurance, closed a $75 million Series C from , , and others. Founded in 2017, the company has raised more than $137 million, according to 附近上门.

, $70M, biotech: Cambridge, Massachusetts-based immuno-oncology company DEM BioPharma raised an initial $70 million of financing led by founding investor and .

9. , $53M, medical devices: Austin, Texas-based neuroscience medical device developer MicroTransponder closed a $53 million Series E led by . Founded in 2007, the company has raised $95 million, according to 附近上门.

, $50M, fintech: Detroit-based payment and accounting platform Autobooks raised a $50 million Series C round led by . Founded in 2015, the company has raised nearly $98 million, according to 附近上门.

Big global deals

With the U.S. rounds rather small this week, the top three global rounds came from Europe.

• London-based fintech firm closed a venture round worth approximately $622 million.
• London-based energy company raised a venture round worth approximately $317 million.
• Germany-based HR management and recruitment platform closed a $200 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 June 18-24. 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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