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Venture

The Week鈥檚 10 Biggest Funding Rounds: Amazon Aggregator Thrasio, Productivity Software And Healthtech Companies All See Big Deals

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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.


A very big round for an aggregator of products led the way in funding this week, but was far from the only large round in the U.S. This week 13 companies raised $200 million or more, with investors increasingly attracted to pharma and biotech.

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1.听, $1B, consumer goods: After putting its plans to on hold, Boston-based Thrasio Holdings announced the initial closing of a $1 billion Series D. The round was led by alongside existing investor 鈥攚hich remains Thrasio鈥檚 largest shareholder. Other existing investors , funds managed by , and also participated. It was just last month,Thrasio鈥攁n aggregator of Amazon products鈥攁lso announced a $650 million debt facility. Founded in 2018, Thrasio has now raised $3.4 billion.

2 (tied).聽, $400M, enterprise software: Everyone is trying to be more productive鈥攅specially as many still struggle with the work-from-home lifestyle. San Diego-based ClickUp is trying to help that, and this week the productivity platform raised a $400 million Series C co-led by and at a valuation of $4 billion. The company鈥檚 platform aims to help improve everything from workflow and collaboration to personal productivity applications like task managers and time trackers. Founded in 2017, ClickUp has now raised nearly $540 million to date, according to 附近上门 data.

2 (tied).聽, $400M, healthtech: San Francisco-based Hinge Health closed a $400 million Series E to help people be in a little less pain. The company has designed a digital solution to treat chronic musculoskeletal conditions like back pain. The round鈥攚hich gives the company a $6.2 billion valuation鈥攚as led by and , with and acquiring ownership as part of a $200 million secondary investment.

4.听, $304M, pharma: Medable, a cloud platform for clinical research, closed a $304 million Series D funding co-led by , Tiger Global and . The new round values the Palo Alto, California-based company, which has raised $521 million to date, at $2.1 billion. The company will use the new cash to accelerate market adoption of digital and decentralized clinical trials that its platform enables.

5 (tied).聽, $250M, blockchain: San Francisco-based Alchemy closed a $250 million Series C round of funding led by Andreessen Horowitz (a16z), valuing the company at $3.5 billion. Alchemy, which has developed a platform for blockchain and Web3 developers, had just raised a $80 million Series B in April at a $505 million valuation鈥攎eaning its valuation has jumped nearly 7x in just six months. During that time, Alchemy reports its revenue has grown 15x.

5 (tied).聽, $250M, cybersecurity: Cambridge, Massachusetts-based Devo Technology closed a $250 million Series E led by at a $1.5 billion valuation. Devo鈥檚 cloud-native logging and security analytics platform helps companies manage the hundreds of disparate security tools they likely now have across their networks. Founded in 2011 in Spain, the company has raised more than $400 million.

5 (tied).聽, $250M, data/analytics: San Francisco-based ClickHouse, an open-source database management system that allows users to generate analytical reports in real-time, raised a $250 million Series B at a $2 billion valuation. The investment was led by Coatue and , and brings the company鈥檚 total funding to $300 million, according to 附近上门 data.

8.听, $215M, biotech: New York-based biotech startup Immunai, an immune system mapping startup, raised $215 million in Series B led by . The new round brings the company鈥檚 total investments to date to $295 million.

9 (tied).聽, , , and , $200M: We have a five-way tie for the last two spots, as El Segundo, California-based spacetech company , Hanover, Maryland-based cybersecurity firm , New York-based retail delivery service , San Francisco-based contract automation company , and Hawthorne, California-based air mobility developer all raised $200 million this week.

Big global deals

Two of the four biggest deals this week were not in the U.S., as China-based companies locked in some big rounds.

  • Car-sharing service closed a $1.2 billion-plus Series A.
  • Electric vehicle startup raised a $624 million Series D.

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 Oct. 23-29. 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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