The week was slower than the previous one when it involves startups raising huge mega rounds. On the other hand, it had to come back after 13 corporations raised greater than $100 million last week. Nevertheless, there have been still some large raises, including a $1 billion round.
1. Wizard$1 billion, cybersecurity: Cloud security startup Wiz has closed the largest cybersecurity round this yr, raising $1 billion at a $12 billion valuation. Round – announced in the same way as the industry round RSA Conference began this week in San Francisco – this could possibly be one other sign that investors are returning to the cybersecurity space. Cyberstartups record their best funding quarter in three quarters, at the end of last month Microsoftsupported data security company Heading had a successful IPO. Wiz was the co-host of the last round Andreessen Horowitz, Partners of the Lightspeed enterprise AND Develop capital. Founded in 2020, Wiz says it has raised $1.9 billion up to now. Originally founded in Israel, Wiz has been busy recently. Just last month, it acquired a New York-based cloud detection and response company Gem security. The company says the recent money injection might be used to shut more deals. The startup, also based in New York, said it had $350 million in annual recurring revenue last yr. It has has been open about reaching $1 billion in ARR with an upcoming IPO.
2. Zenas BioPharma$200 million, biotechnology: Zenas BioPharma continues the trend of weekly big biotech weeks. The Waltham, Massachusetts-based startup raised $200 million in a Series C preferred stock round led by Delos Capital, New employees of the company, Norwest Venture Partners AND SR One. The biotechnology company specializes in therapies targeting inflammation and immunology, and will use the recent funding to support its current lead product candidate, obexelimab. Founded in 2020, the company has raised $318 million, on Crunchbase.
3. Bluejay TherapyUSD 182 million, biotechnology: Following the biotech trend, Bluejay Therapeutics closed a $182 million Series C co-led by Frazier’s Natural Sciences and an unnamed life sciences institutional investment firm. The San Mateo, California-based startup will use the fresh money to advance treatments for chronic hepatitis D and treatments for chronic hepatitis B. Founded in 2019, the company has raised $223 million, on Crunchbase.
4. Shell ZipsUSD 180 million, logistics: Privately held moving and warehousing company Zippy Shell has struck a major $180 million deal from a global investment firm Carlyle Group. The recent investment also included a recent debt facility led by JPMorgan Chase. Zippy provides an alternative to traditional storage and moving options by providing containers that are dropped off at a customer’s location and then moved to a storage or final destination for offloading. The recent funds will likely be used to refinance existing debt and finance development initiatives, including network and fleet expansion. Founded in 2010, the company has raised $365 million, on Crunchbase.
5. Attovia TerapeutycznaUSD 105 million, biotechnology: Fremont, Calif.-based Attovia Therapeutics, which develops biotherapies targeting immune-related diseases, closed a $105 million Series B led by Goldman Sachs Alternatives. The recent round comes just 11 months after the company raised $60 million in Series A. Founded in 2023, Attovia raised $165 million for the company.
6. Meat$100 million, alternative protein: Boulder, Colorado-based Meati, which prepares cutlets and steaks from mycelium, raised $100 million in a C-1 round led by Grosvenor Food and AgTech. Founded in 2016, the company has raised nearly $375 million, on Crunchbase.
7. R3 VascularUSD 87 million, medical device: Mountain View, Calif.-based R3 Vascular, a developer of medical devices for the treatment of peripheral arterial disease, has closed an $87 million Series B led by affiliates Deerfield Management. Founded in 2019, the company has raised $105 million, on Crunchbase.
8. Aardvark therapyUSD 85 million, biotechnology: San Diego-based Aardvark Therapeutics, which is developing therapies for metabolic diseases, inflammation and more, has accomplished $85 million in Series C financing led by The capital of Decheng. Founded in 2017, the company has raised nearly $130 million, on Crunchbase.
9. Base power$68 million, energy: Austin, Texas-based Base Power, a maker of battery-powered home energy services, raised $68 million from corporations including: Develop capital AND Valor Equity Partners. This is the company’s first raise on Crunchbase.
10. PrivateerUSD 57 million, space technologies: Privateer, a satellite tracking software developer based in Kihei, Hawaii, raised a $56.5 million round led by space enterprise capital firm Aero X ventures and took over an analytical company Orbit insight. The round is the company’s first announced raise, on Crunchbase.
Great global offers
The biggest round of the week was actually one of the largest funding deals in the history of a British startup.
Methodology
We tracked the largest announced rounds reported by U.S.-based corporations over the seven-day period from May 4 to May 10 in the Crunchbase database. While most announced rounds are represented in the database, there could also be a slight delay as some rounds are reported late in the week.