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.

For anyone who follows the flow of venture dollars, it鈥檚 become quite obvious there has been a slowdown in the last week and a half. We鈥檝e written about it and talked to VCs themselves about the shift. Large funding announcements are few and far between, and just funding announcements in general are slow. (For the past week, it took me about one cup of coffee to go through my inbox鈥攊nstead of dedicating a majority of my morning to the project as usual.)

While this week saw three rounds of more than a quarter-billion dollars each, this is also only the second time since we started running this weekly list a company did not have to raise more than $100 million to make the top 10. (For those keeping score, Boston-based biotechnology made the very first column back in October after raising an $80 million Series B.)

It is important to remember most rounds are announced a month or more after closing, so it鈥檚 likely most companies are holding news as to not compete with鈥攐r appear tone deaf to鈥攚orld events. However, it is fair to wonder if this a blip, or a new normal for the industry.

1. , $1.5B, retail: While it may have been a slow week for funding, it was not if you sell sports apparel. that Jacksonville, Florida-based Fanatics raised $1.5 billion in a new funding round that values the sports platform company at $27 billion. The company鈥攚hich has exclusive licensing deals with most U.S.-based professional sports leagues and many universities to make and sell official team merchandise鈥攚as , less than a year ago. The latest funding round includes new investors , and , as well as existing investors. Earlier this year, Fanatics trading cards for $500 million.

2.听, $425M, grocery: While there are a lot of different options to get groceries delivered to your home, Weee has tried to differentiate itself based on its more ethnic offerings鈥攁nd investors seem to have taken note. The Fremont-based e-grocer secured a $425 million Series E led by 2. Its catalog includes Chinese, Japanese, Korean, Vietnamese, Filipino, Indian and Latin offerings. Founded in 2015, the company has now raised more than $800 million. Weee鈥檚 massive funding follows a huge year for global venture funding in the sector. Investors have poured more than $12 billion into the grocery space in the past 12 months.

3.听, $400M, construction tech: , developers cannot build them fast enough. Technology-enabled homebuilding company Veev is hoping to lessen that problem after raising a $400 million Series D led by . Veev鈥檚 building technology takes a prefabrication approach to produce fully cladded walls, complete with mechanical, electrical and plumbing. The pre-inspected walls are delivered to the site ready for installation. Founded in 2008, the company has raised nearly $600 million to date, according to 附近上门 data.

4.听, $200M, energy: Last week saw a $375 million round go to Charleston, South Carolina-based , whose platform attempts to make it easier for homeowners to source their energy from renewable energies like solar power. This week, we see another large round go to Aurora Solar, which has developed a software platform for solar sales and design. The San Francisco-based company closed a $200 million Series D co-led by current investors and . The company plans to use the cash to take advantage of a growing solar market鈥攚hich has seen an average annual growth rate of 42 percent in installed solar capacity over the past decade鈥攋ust as many solar companies are looking to digitize their business processes.

5.听, $110M, sales: While we touched on the slowdown in venture at the beginning of the column, another thing we鈥檝e noticed is companies are not raising rounds as close together as they did last year鈥攚hen it was not uncommon for only six months to go by before raising new cash. San Francisco-based Apollo.io is an exception. The sales intelligence and engagement platform closed a $110 million Series C round led by 鈥攋ust three months after closing a more modest $32 million Series B. Founded in 2015, the company has raised about $150 million to date, according to 附近上门.

6.听, $105M, artificial intelligence: Mountain View, California-based supercomputer company Luminous Computing closed a $105 million Series A from investors including co-founder . Luminous is building a supercomputer capable of running more sophisticated AI applications鈥攕omething difficult for most companies that can鈥檛 afford the expensive, power-consuming hardware currently needed to run complex AI systems. Founded in 2018, Luminous has raised $115 million to date, according to 附近上门 data.

7.听, $102M, construction tech: Speaking of AI, San Francisco鈥揵ased OpenSpace raised a $102 million Series D funding round led by . The company uses AI-powered analytics to create navigable photo representations of job sites. Founded in 2017, the company has raised $190 million, according to 附近上门.

8.听, $100M-plus, health care: San Jose, California-based Visby Medical closed a $100 million-plus Series E led by . The diagnostics company develops PCR-based diagnostic tests for the detection of infectious diseases and is looking to expand its offerings to include a COVID + influenza A/B combination test.

9.听, $82M, insurance: Chicago-based direct-to-consumer home insurance company Kin Insurance announced an $82 million first close of its Series D round鈥攚ith additional commitments for a second close totaling $18 million鈥攍ed by . Founded in 2016, Kin raised $133 million in equity funding prior to this Series D.

10. (tied)聽, $75M, energy: Reston, Virginia-based GridPoint, an energy management platform for commercial buildings, closed a $75 million strategic capital raise led by the Sustainable Investing Group within .

10. (tied)聽, $75M, health care: Cambridge, Massachussettes-based Vesalius Therapeutics, which is using technology to reevaluate how diseases are treated, raised a $75 million round from .

Big global deals

Not only was it slow in the U.S. for funding, but also the global market. Only one round from outside the U.S. cracked the top five rounds raised globally.

• China-based , a developer of聽 autonomous trucks, closed a $188 million Series B.

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 Feb. 26 to March 4. 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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