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Venture

The Week鈥檚 10 Biggest Funding Rounds: Identity Startup Socure Scores Huge Round, Arbor Biotechnologies Lands Large Raise For Genetic Medicines

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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.


Investors seemed more inclined to spread their money across enterprise-focused tech this week, as identity and fraud prevention firm led the way, raking in a $450 million round, followed by large raises by platforms that collect data for sales and automate workflow.

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1.听, $450M, identity: More companies moving to the digital world also means more fraud and bad actors looking to take advantage of the new gateways. That trend likely helped New York-based digital identity verification firm Socure close a $450 million round at a $4.5 billion valuation led by . The round comes just seven months after Socure closed a $100 million Series D at a $1.3 billion valuation. Founded in 2012, Socure has raised a total of $646 million to date, according to the company.

2.听, $215M, biotech: It is rare that a week goes by without a biotech or pharmaceutical company breaking the top three on this list, and this week is no exception. Cambridge, Massachusetts-based Arbor Biotechnologies raised a $215 million Series B led by , and . While the company鈥攚hich works on work in liver and central nervous system diseases鈥攈as raised over $300 million to date, what really makes the round stand out is that it comes less than three months after Arbor also struck a partnership with pharmaceutical giant worth up to $1.2 billion for its gene-editing technology.

3.听, $205M, sales data: New York-based closed a $205 million Series B led by growth equity investor . The new round values the 5-year-old company鈥攚hich has developed a crowdsourced data platform for B2B sales and marketers鈥攁t $1.5 billion. Despite being founded in 2016, the company did not announce any fundraising until February, when it closed a $40 million Series A.

4.听, $200M, enterprise automation: Aside from automating repetitive work processes, large enterprises love getting new data from said repetitive workflow processes. The intersection of those trends helped lead Mountain View, California-based to close a $200 million Series E led by . Similar to Lusha鈥檚 doubling down on fundraising this year, the new funding for Workato comes just nine months after it raised a $110 million Series D. The company has raised more than $420 million in total funding to date.

5.听, $200M, business development: Wanna start a business? Austin, Texas-based can help鈥攁nd investors helped it raise a $200 million Series C at a valuation of $1.7 billion in a round led by . The company鈥檚 platform helps automate the process of starting a business and other compliance services. Founded in 2015, the company has raised nearly $275 million to date, according to 附近上门 data.

6. 聽, $175M, autonomous vehicle development: Mountain View-based autonomous vehicle software developer raised a $175 million Series D co-led by , and at a $3.6 billion valuation.

7.听, $150M, social media: New York-based , a social engagement platform, closed a $150 million Series E from and . The round values the company at more than $1 billion.

8.听, $150M, cybersecurity: Los Altos, California-based announced a $150 million Series E at a greater than billion-dollar valuation. The new round was led by .

9.听, $145M, analytics: Herndon, Virginia-based closed a $145 million Series D led by s and . The company,聽 a provider of space-based radio frequency data and analytics, has raised $302 million to date.

10. Two companies round out the top 10, as both San Francisco-based analytics platform and Mountain View-based raised $125 million rounds this week.

Big global deals

While Socure鈥檚 round was large, it was only the second-largest round raised this week globally and the only U.S.-based round to break into the top five largest international rounds raised this week.

  • China-based e-commerce platform closed a $500 million Series E.
  • China-based smart-sharing bikes developer closed a $280 million venture round.
  • Brussels-based , a data intelligence platform, raised a $250 million Series G.
  • Ottawa-based wellness startup closed a $240 million round.

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 Nov. 6 to 12. 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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