This is a weekly feature that showcases the top 10 funding rounds for the week in the United States. Check out last week’s entry here.
A very big turn for an aggregator of Amazon The proceeds paved the way for funding this week, but were far from the only big round in the United States. This week, 13 companies raised $ 200 million or more, with investors increasingly drawn to pharma and biotech.
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1. Thrasio Holdings, $ 1 billion, consumer goods: after putting its plans to become public via a SPAC pending, Boston-based Thrasio Holdings has announced the initial closing of a $ 1 billion Series D. The tour was led by Silver Lake alongside the existing investor Advent International– which remains Thrasio’s largest shareholder. Other existing investors Superior90, funds managed by Oaktree Capital Management, PEAK6 investments and Local capital also participated. It was last month that Thrasio, an Amazon product aggregator, also announced a $ 650 million debt facility. Founded in 2018, Thrasio has today raised $ 3.4 billion.
2 (tied). Click up, $ 400 million, business software: Everyone is trying to be more productive, especially since many still struggle with the work-from-home lifestyle. San Diego-based ClickUp is trying to help with that, and this week the productivity platform raised $ 400 million from Series C co-led by Andreessen Horowitz and Global Tiger at a valuation of $ 4 billion. The company’s 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 raised nearly $ 540 million to date, according to data from Crunchbase.
2 (tied). Hinge health, $ 400 million, health tech: San Francisco-based Hinge Health closed a $ 400 million Series E to help people suffer a little less. The company has designed a digital solution to treat chronic musculoskeletal conditions like back pain. The round, which gives the company a valuation of $ 6.2 billion, was led by Global Tiger and Mantle management, with Alkeon and Whale rock acquire the property as part of a $ 200 million secondary investment.
4. Medable, $ 304 million, pharma: Medable, a cloud platform for clinical research, closed $ 304 million Series D funding co-led by Black stone growth, Tiger Global and GSR companies. The new round values ââthe Palo Alto, Calif., Based company, which has raised $ 521 million to date, at $ 2.1 billion. The company will use the new funds to accelerate market adoption of the digital and decentralized clinical trials that its platform enables.
5 (tied). Alchemy, $ 250 million, blockchain: San Francisco-based Alchemy closed a $ 250 million Series C funding round led by Andreessen Horowitz (a16z), valuing the company at $ 3.5 billion. Alchemy, which developed a platform for blockchain and Web3 developers, had just raised an $ 80 million Series B in April to a valuation of $ 505 million, meaning its valuation increased 7-fold in only six months. Meanwhile, Alchemy reports that his income has increased 15-fold.
5 (tied). Development technology, $ 250 million, cybersecurity: Devo Technology, based in Cambridge, Mass., Closed a $ 250 million Series E led by TCV at a valuation of $ 1.5 billion. Devo’s cloud-native security logging and analysis platform helps businesses manage the hundreds of disparate security tools they likely now have on their networks. Founded in 2011 in Spain, the company has raised more than $ 400 million.
5 (tied). Click Home, $ 250 million, data / analytics: San Francisco-based ClickHouse, an open-source database management system that allows users to generate real-time analytical reports, has raised $ 250 million Series B for a valuation of $ 2 billion. The investment was led by Coatue and Altimeter, and brings the company’s total funding to $ 300 million, according to data from Crunchbase.
8. Immune, $ 215 million, biotechnology: New York-based biotech startup Immunai, an immune system mapping startup, has raised $ 215 million in Series B led by Koch’s disruptive technologies. The new round brings the company’s total investments to date to $ 295 million.
9 (tied). ABL space systems, Dragos, Fabric, Ontra and Skyryse, $ 200 million: We have a tie at five for the last two places, as the space technology company based in El Segundo, Calif. ABL space systems, Hanover, Maryland-based cybersecurity company Dragos, New York-based retail delivery service Fabric, San Francisco-based contract automation company Ontra, and Hawthorne, a California-based air mobility developer Skyryse all of them raised $ 200 million this week.
Major world affairs
Two of the four biggest contracts this week were not in the United States, as companies based in China engaged in big rounds.
We tracked the biggest rounds of the Crunchbase database that were thrown by US-based companies for the seven-day period October 23-29. Although most of the rounds advertised are represented in the database, there might be a small time lag as some rounds are reported on weekends.
Drawing: Dom guzman
Keep up to date with the latest rounds of fundraising, acquisitions and more with Crunchbase Daily.