The 15 Largest US Tech Startup Funding Rounds of January 2021
Published 06/02/2021
The 15 Largest US Tech Startup Funding Rounds of January 2021 - AlleyWatch Armed with some data from our friends at CrunchBase, I broke down the largest US startup funding rounds from January 2021. I have included some additional information such as industry, company description, round type, founders, and total equity funding raised to further the analysis. The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (NYC Tech, LA Tech, London Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility, lead generation, and building thought leadership among the vast majority of key influencers in the business community and beyond. Learn more about running a digital campaign that will return your investment here. 12. TripActions $155.0M Round: Series E Description: Palo Alto-based TripActions provides a platform to help companies streamline elements of business travel like payments, rentals, and bookings. Founded by Ariel Cohen and Ilan Twig in 2015, TripActions has now raised a total of $636.5M in total equity funding and is backed by investors that include Goldman Sachs, Lightspeed Venture Partners, Andreessen Horowitz, Greenoaks Capital, and Elad Gil. Investors in the round: Addition, Andreessen Horowitz, Counterpart Advisors, Elad Gil, Greenoaks Capital, Lightspeed Venture Partners, Zeev Ventures Industry: Business Travel, Customer Service, E-Commerce, Payments, Software Founders: Ariel Cohen, Ilan Twig Founding year: 2015 Location: Palo Alto Total equity funding raised: $636.5M 11. Cockroach Labs $160.0M Round: Series E Description: New York-based Cockroach Labs is a software company that develops a cloud-native SQL database for modern cloud applications. Founded by Benjamin Darnell, Peter Mattis, and Spencer Kimball in 2015, Cockroach Labs has now raised a total of $355.1M in total equity funding and is backed by investors that include Sequoia Capital, Altimeter Capital, GV, Tiger Global Management, and Greenoaks Capital. Investors in the round: Altimeter Capital, Benchmark, Bond, FirstMark, Greenoaks Capital, GV, Index Ventures, Lone Pine Capital, Tiger Global Management Industry: Cloud Computing, Database, Enterprise Software Founders: Benjamin Darnell, Peter Mattis, Spencer Kimball Founding year: 2015 Location: New York Total equity funding raised: $355.1M 10. Divvy $165.0M Round: Series D Description: Lehi-based Divvy helps businesses manage payments and subscriptions, build strategic budgets, and eliminate expense reports. Founded by Alex Bean and Blake Murray in 2016, Divvy has now raised a total of $417.5M in total equity funding and is backed by investors that include Insight Partners, New Enterprise Associates, Pelion Venture Partners, PayPal Ventures, and Acrew Capital. Investors in the round: Acrew Capital, Hanaco Venture Capital, Insight Partners, New Enterprise Associates, PayPal Ventures, Pelion Venture Partners, Schonfeld Strategic Advisors, Whale Rock Capital Management Industry: Apps, Financial Services, FinTech, Payments, SaaS, Software Founders: Alex Bean, Blake Murray Founding year: 2016 Location: Lehi Total equity funding raised: $417.5M 9. Color $167.0M Round: Series D Description: Burlingame-based Color is a population health technology company that enables the delivery of advanced healthcare through clinical genetics. Founded by Elad Gil, Nish Bhat, Othman Laraki, and Taylor Sittler in 2015, Color has now raised a total of $382.0M in total equity funding and is backed by investors that include General Catalyst, Khosla Ventures, SV Angel, T. Rowe Price, and CRV. Investors in the round: General Catalyst, T. Rowe Price, Viking Global Investors Industry: Apps, Biotechnology, Electronic Health Record (EHR), Genetics, Health Care, Software Engineering Founders: Elad Gil, Nish Bhat, Othman Laraki, Taylor Sittler Founding year: 2015 Location: Burlingame Total equity funding raised: $382.0M 8. OwnBackup $167.5M Round: Series D Description: Englewood Cliffs-based OwnBackup is a provider of cloud data protection and backup system for companies using Salesforce. Founded by Ariel Berkman, Daniel Gershuni, Eran Cohen, Ori Yankelev, and Sam Gutmann in 2015, OwnBackup has now raised a total of $267.3M in total equity funding and is backed by investors that include Salesforce Ventures, Sapphire Ventures, Insight Partners, Vertex Ventures, and Innovation Endeavors. Investors in the round: Innovation Endeavors, Insight Partners, Oryzn Capital, Salesforce Ventures, Sapphire Ventures, Vertex Ventures Industry: Cloud Computing, Cloud Security, Data Storage, Enterprise Software, SaaS Founders: Ariel Berkman, Daniel Gershuni, Eran Cohen, Ori Yankelev, Sam Gutmann Founding year: 2015 Location: Englewood Cliffs Total equity funding raised: $267.3M Make an impact on your bottom line and drive leads in 2021! The AlleyWatch audience is driving progress and innovation on a global scale. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement, lead generation, and thought leadership in front of an audience that comprises the vast majority of key decision-makers in the NYC business community and beyond. Learn more about advertising to NYC Tech, at scale. 7. Lyra Health $187.0M Round: Series E Description: Burlingame-based Lyra helps companies improve access to effective, high-quality mental health care for their employees. Founded by David Ebersman and Dena Bravata in 2015, Lyra Health has now raised a total of $475.1M in total equity funding and is backed by investors that include IVP, Casdin Capital, Venrock, Castlight Health, and Greylock. Investors in the round: Addition, Baillie Gifford, Durable Capital Partners, Fidelity Management and Research Company Industry: Employee Benefits, Health Care, Information Services, Information Technology Founders: David Ebersman, Dena Bravata Founding year: 2015 Location: Burlingame Total equity funding raised: $475.1M 6. Quantum Metric $200.0M Round: Series B Description: Colorado Springs-based Quantum Metric is a cross-device digital intelligence platform that is designed to identify high-value revenue opportunities. Founded by Mario Ciabarra in 2015, Quantum Metric has now raised a total of $226.0M in total equity funding and is backed by investors that include Insight Partners, Bain Capital Ventures, Silicon Valley Bank, and Uncorrelated Ventures. Investors in the round: Insight Partners, Uncorrelated Ventures Industry: Analytics, Information Technology, Mobile Apps, Product Design, SaaS, Software Founders: Mario Ciabarra Founding year: 2015 Location: Colorado Springs Total equity funding raised: $226.0M 5. MX Technologies $300.0M Round: Series C Description: Lehi-based MX Technologies is a fintech company that aims to connect people with their financial data in a way that automates their money experience. Founded by Brandon Dewitt and Ryan Caldwell in 2010, MX Technologies has now raised a total of $505.0M in total equity funding and is backed by investors that include H.I.G. Capital, Battery Ventures, Point72 Ventures, TPG, and Pelion Venture Partners. Investors in the round: Canapi Ventures, CapitalG, Digital Garage, Geodesic Capital, Greycroft, Pelion Venture Partners, Point72 Ventures, Regions Financial Corporation, TPG Industry: Banking, Finance, Financial Services, FinTech Founders: Brandon Dewitt, Ryan Caldwell Founding year: 2010 Location: Lehi Total equity funding raised: $505.0M 5. Blend $300.0M Round: Series G Description: San Francisco-based Blend is a digital lending platform that supports and simplifies applications for mortgages, consumer loans, and deposit accounts. Founded by Erin Collard, Eugene Marinelli, Nima Ghamsari, and Rosco Hill in 2012, Blend has now raised a total of $665.0M in total equity funding and is backed by investors that include Salesforce Ventures, Aura Financial, 500 Startups, Emergence, and SV Angel. Investors in the round: Coatue, Tiger Global Management Industry: Financial Services, FinTech, Lending, SaaS, Software Founders: Erin Collard, Eugene Marinelli, Nima Ghamsari, Rosco Hill Founding year: 2012 Location: San Francisco Total equity funding raised: $665.0M 5. Hinge Health $300.0M Round: Series D Description: San Francisco-based Hinge Health is a patient-centered digital clinic that treats chronic musculoskeletal conditions such as back and joint pain. Founded by Daniel Perez and Gabriel Mecklenburg in 2015, Hinge Health has now raised a total of $426.1M in total equity funding and is backed by investors that include Tiger Global Management, Insight Partners, Bessemer Venture Partners, Atomico, and Coatue. Investors in the round: Coatue, Tiger Global Management Industry: Employee Benefits, Fitness, Health Care, Medical, Therapeutics, Wearables, Wellness Founders: Daniel Perez, Gabriel Mecklenburg Founding year: 2015 Location: San Francisco Total equity funding raised: $426.1M 4. Calendly $350.0M Round: Series A Description: Atlanta-based Calendly is an automated scheduling tool that takes the work out of connecting with others so that its users can accomplish more. Founded by Tope Awotona in 2013, Calendly has now raised a total of $350.6M in total equity funding and is backed by investors that include OpenView, ICONIQ Capital, and Atlanta Ventures. Investors in the round: ICONIQ Capital, OpenView Industry: Productivity Tools, Scheduling, Software Founders: Tope Awotona Founding year: 2013 Location: Atlanta Total equity funding raised: $350.6M 3. Roblox $520.0M Round: Series H Description: San Mateo-based Roblox is an online gaming and entertainment platform offering a shared digital experience that brings people together through play. Founded by David Baszucki and Erik Cassel in 2004, Roblox has now raised a total of $855.7M in total equity funding and is backed by investors that include Tencent Holdings, Altimeter Capital, Dragoneer Investment Group, Andreessen Horowitz, and Tiger Global Management. Investors in the round: Altimeter Capital, Altos Ventures, Andreessen Horowitz, Dragoneer Investment Group, Investment Group of Santa Barbara, Tiger Global Management, Warner Music Group Industry: Developer Platform, Gaming, Online Games, Online Portals, Software, Video Games, Virtual Reality Founders: David Baszucki, Erik Cassel Founding year: 2004 Location: San Mateo Total equity funding raised: $855.7M 2. Lacework $525.0M Round: Series D Description: San Jose-based Lacework is a security platform for cloud generation that provides automated threat defense and intrusion detection for cloud workloads. Founded by Sanjay Kalra and Vikram Kapoor in 2015, Lacework has now raised a total of $599.0M in total equity funding and is backed by investors that include Alumni Ventures Group, Altimeter Capital, Dragoneer Investment Group, Tiger Global Management, and AME Cloud Ventures. Investors in the round: Altimeter Capital, Coatue, D1 Capital Partners, Dragoneer Investment Group, Liberty Global Ventures, Snowflake Ventures, Sutter Hill Ventures, Tiger Global Management Industry: Cloud Security, Compliance, Security, Software Founders: Sanjay Kalra, Vikram Kapoor Founding year: 2015 Location: San Jose Total equity funding raised: $599.0M 1. Sila Nanotechnologies $590.0M Round: Series F Description: Alameda-based Sila Nanotechnologies is a provider and manufacturer of revolutionary car batteries. Founded by Alex Jacobs, Gene Berdichevsky, and Gleb Yushin in 2011, Sila Nanotechnologies has now raised a total of $875.0M in total equity funding and is backed by investors that include T. Rowe Price, Matrix Partners, 8VC, Bessemer Venture Partners, and Sutter Hill Ventures. Investors in the round: 8VC, Bessemer Venture Partners, Canada Pension Plan Investment Board, Coatue, Sutter Hill Ventures, T. Rowe Price Industry: Electronics, Manufacturing, Nanotechnology Founders: Alex Jacobs, Gene Berdichevsky, Gleb Yushin Founding year: 2011 Location: Alameda Total equity funding raised: $875.0M Make an impact on your bottom line and drive leads in 2021! The AlleyWatch audience is driving progress and innovation on a global scale. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement, lead generation, and thought leadership in front of an audience that comprises the vast majority of key decision-makers in the NYC business community and beyond. Learn more about advertising to NYC Tech, at scale.