So far, 2025 has picked up steam for big rounds. Last week, a dozen corporations raised at least $100 million. There are fewer this week, but not by much, as corporations had to lift at least $100 million to make the list.
1. TruvetaUSD 320 million, biotechnology: Health data analytics company Truveta has raised a massive $320 million investment Regeneron pharmaceutical company, Illumina and 17 U.S. health systems as they proceed to build the world’s largest genetic database. The value of Truveta’s private transaction is over $1 billion. Truveta aggregates data from the medical records of its partner institutions to link treatments to outcomes and other health features. Its platform is updated each day. Founded in 2020, the company has raised $515 million, via Crunchbase.
2. Stoke Space$260 million, space: Reusable rocket startup Stoke Space has closed a $260 million Series C as the space technology sector looks to build on a strong 2024 for fundraising. The Kent, Washington-based company is developing fully reusable rockets that enable low-cost access to and from space. It intends to make use of the recent funds to finish construction of the Nova launch vehicle at Cape Canaveral Space Force Station in Florida. New and existing investors are participating in the recent round, including: Groundbreaking energy projects, Glade Brook Capital Partners, Seven seven six and University of Michiganamong others. Founded in 2019, Stoke has raised over $480 million for the company. After a slow 2023, the space technology industry saw some recovery in enterprise funding last yr. VC-backed space tech startups raised $8.3 billion in 2024, based on Crunchbase data. This figure represents a 17% increase over the $7.1 billion raised in 2023, but is lower than the $9.2 billion invested in 2022.
3. Colossal biological science$200 million, genetics: Colossal Biosciences, an anti-extinction startup looking for ways to bring back the dodo and woolly mammoth, raised $200 million in Series C at a valuation of $10.2 billion. There is a recent injection of money Global TWGjointly headed holding company Mark Walter AND Thomas Tull. The Dallas-based startup, founded in 2021, plans to make use of the money to further develop genetic engineering technologies, in addition to develop software and hardware solutions for anti-extinction, conservation and human health care applications. The company said that bringing back extinct animals could allow for a higher understanding of evolutionary changes in other species, and that applications of genetic engineering would also help increase food production and reduce environmental impact. It was January 2023 when Colossal Biosciences raised $150 million in Series B funding to further work on its anti-extinction platform. Tull’s led the round American Fund for Innovative Technologies. Since launching in September 2021, Colossal has raised $435 million for the company.
4. TunnetherapyUSD 175 million, biotechnology: Epigenetic programming startup Tune Therapeutics raised a massive $175 million round led by Hevolution, New employees of the company, Regeneron ventures AND Yosemite. The financing is expected to speed up the development of the company’s existing projects, which currently include an epigenetic silencing drug for chronic hepatitis B. The money can even be used to support the development of additional gene, cell and regenerative therapy programs. Founded in 2020, the company has raised $215 million, via Crunchbase.
5. Loft Orbit$170 million, space: Space infrastructure startup Loft Orbital raised a $170 million funding round led by Axial partners AND The capital of Tikehau. The San Francisco-based company builds satellites to which customers can attach components resembling sensors and telescopes. Founded in 2017, the company has raised $326 million via Crunchbase.
6. CaidyaUSD 165 million, biotechnology: Raleigh, North Carolina-based Caidya, a mid-sized clinical research organization, has secured a $165 million strategic development investment in funds managed by Founders of RubikonAmerican investment company in the healthcare sector. Caidya offers biopharmaceutical corporations a range of clinical trial services, from regulatory strategy and submissions to post-approval surveillance. Founded in 2021, this is the first round raised with a disclosed amount, via Crunchbase.
7. Phantom$150 million, cryptocurrency: San Francisco-based Phantom Technologies, a cryptocurrency wallet startup, raised a $150 million round led by Paradigm AND Capital of Sequoiavaluing the startup at $3 billion. Founded in 2021, the company raised $268 million, via Crunchbase.
8. (sure) Harbinger$100 million, electric vehicle: Harbinger, a Los Angeles-based electric delivery vehicle startup, raised $100 million in Series B funding co-led by Capricorn Investor Group AND Leitmotif. Founded in 2021, the company has raised over $200 million, via Crunchbase.
8. (sure) InstabaseUSD 100 million, data: San Francisco-based Instabase, which creates artificial intelligence-based solutions that help corporations process unstructured data, has blocked a $100 million Series D company led by Qatar Invasion Authority. Founded in 2015, the company has raised $292 million, via Crunchbase.
8. (sure) Umoja Biopharma$100 million, biotechnology: Seattle-based Umoja Biopharma, a developer of in vivo cell therapies, announced the closing of a $100 million Series C project co-authored by DCVC Biography AND Two-point ventures. Founded in 2019, the company has raised $363 million, via Crunchbase.
Great global offers
The largest round of financing this week went to a company in China.
- Smart fabricwhich provides web solutions for the textile industry, has raised $460 million in Series C funding.
Methodology
We tracked the largest announced rounds in the Crunchbase database that were raised by US-based corporations over a seven-day period from January 11 to January 17. Although most announced rounds are represented in the database, there could also be a slight delay as some rounds are reported late in the week.