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The Week鈥檚 10 Biggest Funding Rounds: Lyra Health Gets Large Raise To Boost Mental Health, Clari Sees $225M To Manage Revenue

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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 2022鈥檚 biggest funding rounds here.


Although no signs point to a slowdown in the flow of venture capital to U.S.-based startups, it is odd to see no company raise more than a quarter-of-a-billion dollars in a round. Last week, we saw six鈥攏early seven, with raising $248 million鈥攃ompanies break that mark. While there were none this week, the top five did manage to break the $200 million barrier, so VCs鈥 wallets are still clearly open.

1.听, $235M, health care: With many talking about mental health, Burlingame, California-based Lyra Health closed a $235 million financing led by . The company delivers mental health care for employees and family members鈥攆rom preventive care to the most severe conditions. Founded in 2015, the company has now raised $910 million, according to 附近上门 data.

2.听, $225M, enterprise software: Every company cares about predicting, analyzing and managing revenue, and it just so happens there鈥檚 software for that. In fact, Sunnyvale, California-based Clari just hit a valuation of more than $2.6 billion with that exact business model. The enterprise software-maker raised a $225 million Series F led by . The 10-year-old company said its valuation has more than quadrupled in the past two years. Clari has raised nearly a half-billion dollars to date鈥攁ccording to 附近上门鈥攁nd will use the proceeds from the latest round for its acquisition strategy.

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3. (tied)聽, $200M, enterprise software: Maybe the sixth sense is knowing when funding is close? San Francisco-based 6sense closed a $200 million Series E co-led by new investors and at a $5.2 billion valuation. The new round more than doubles 6sense鈥檚 valuation just 10 months after its $125 million Series D round. The company, whose engagement platform helps sales and marketing teams engage with potential buyers, has now raised a total of $426 million in funding.

3. (tied)聽, $200M, energy: Woburn, Massachusetts-based battery-maker Factorial Energy raised $200 million as part of a Series D round led by and . The company plans to use the cash to accelerate commercial production and deployment of its solid-state battery technology, which it says 鈥渋s safer and offers up to 50 percent greater driving range than current lithium-ion technology.鈥 The company also has strategic investments and joint collaboration agreements with and . Factorial is planning to start construction on a facility to produce batteries for customer testing early this year. Founded just last year, the company has now raised $240 million.

3. (tied)聽, $200M, human resources: Although there may be a lot of jobs out there, people always like help finding the right one. San Francisco-based Handshake closed a $200 million Series F led by and at a valuation of $3.5 billion鈥攎ore than double its valuation from last year. The company is an early career network which attempts to help students and alumni build new relationships. According to its release, its platform is 鈥渦sed by more than 20 million candidates, 1,400 education providers and 100 percent of Fortune 500鈥 companies. Since being founded in 2013, the company has raised $434 million, according to 附近上门 data.

6.听, $175M, human resources: San Francisco-based employee engagement and development tool maker Lattice closed a $175 million Series F led by , , and at a $3 billion valuation.

7.听, $170M, blockchain: Los Angeles-based Autograph raised a $170 million Series B co-led by and . The company is an NFT platform that creates digital sports collectables.

8. (tied)聽, $150M, enterprise software: San Francisco-based Ironclad, a digital contracting platform, closed a $150 million Series E led by . Founded in 2014, the company has now raised a total of $333 million.

8. (tied)聽, $150M, health care: Cambridge, Massachussettes-based Iterative Scopes raised $150 million in Series B co-led by and . The company develops precision-based gastrointestinal disease technologies and software.

8. (tied)聽, $150M, health care: The Austin, Texas-based health tech company closed a $150 million Series C co-led by and . The company, which helps bring virtual-first care to patients, has raised $216 million to date.

Big global deals

Although the U.S. saw some big rounds, international startups led the way in fundraising this week, with the top four rounds all coming from abroad.

  • Toronto-based identity and cybersecurity firm raised a $620 million Series C that brings the cybersecurity firm鈥檚 valuation to $6.8 billion.
  • Hong Kong-based mobile games developer closed a venture round worth approximately $359 million.
  • France-based supply chain management company raised a Series D worth approximately $333.7 million.
  • Turkey-based casual game developer closed a $255 million Series C.

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 Jan. 15-21. 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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