Another big week for biotech, as startups in the industry took up multiple spots on the list this week. However, large rounds also occurred in industries resembling supplies, energy and robotics. In total, half a dozen corporations have raised rounds of at least $100 million. It didn’t make the top ten this week Waymoa $5.6 billion round, as most of the round was announced in July.
1. Seaport TherapyUSD 225 million, biotechnology: Seaport Therapeutics is not latest to this list. In April, the Boston-based startup launched a $100 million Series A, co-led by Arch Venture Partners AND Sofinnova investments. The company returns this week with a $225 million Series B led by the company General of the Atlantic. The biotech company focuses on drugs for depression, anxiety and other neuropsychiatric disorders. Seaport will use the latest money to enhance its pipeline of clinical-stage drugs.
2. ZipperUSD 190 million, orders: Launch of shopping Zipper saw its valuation increase 47% after raising $190 million in Series D, which he led Bond. The round values the San Francisco-based company at $2.2 billion. In May 2023, Zip closed a $100 million Series C at a post-money valuation of $1.5 billion. The startup helps corporations through the cumbersome means of purchasing latest software and hardware by helping customers source, approve and pay for business tools. The company will use the latest money to speculate in engineering and research and development, including a latest in-house AI lab to create AI-based tools. The money will even be used for geographic expansion. Founded in 2020, the company has raised over $371 million, via Crunchbase.
3. AvenCellUSD 112 million, biotechnology: AvenCell Therapeutics, a Watertown, Mass.-based clinical-stage cell therapy startup, raised $112 million in Series B led by Novo Holdings Company. The company is focused on advancing cell therapies to treat a broad range of hematological malignancies and autoimmune diseases. Founded in 2021, this is the company’s first announced raise, (*10*)via Crunchbase.
4. Agile robotics$106 million, robotics: Even in a rugged enterprise capital market, robotics is strong. More evidence of this emerged this week when Nimble, an AI robotics and autonomous e-commerce achievement startup, closed a $106 million Series C led by Cedar Pine AND FedEx values the company at $1 billion. As a part of the latest agreement, FedEx has entered into a industrial agreement to scale the FedEx Fulfillment service using Nimble technology and a fully autonomous robotics model. Founded in 2017, the company has raised $221 million via Crunchbase.
5. (sure) Adaptive$100 million, energy: Denver-based Redaptive, which funds and installs energy-saving and energy-generating equipment, raised $100 million in capital from PKP investments. The company offers a platform that manages long-term energy efficiency programs, from project development to financing, project management and monitoring. Founded in 2015, the company has raised investments price $1 billion, via Crunchbase.
5. (sure) Valona TechnologiesUSD 100 million, real estate: Valon, a New York-based mortgage servicing platform, raised $100 million in Series C, led by WestCap. The company will use the latest money to speed up its product development and market expansion. Founded in 2019, Valon has raised $230 million for the company.
7. Be a BiofarmUSD 82 million, biotechnology: Be Biopharma, a biotech company developing B-cell drugs, has raised $82 million from several investors. Founded in 2020, the Cambridge, Massachusetts-based company received $264 million in funding, via Crunchbase.
8. School links$80 million, education: Austin, Texas-based SchooLinks, a software platform that gives college and career-ready resources for K-12 students, raised $80 million in Series B funding led by Susquehanna Growth Capital. Founded in 2015, the company has raised nearly $91 million, via Crunchbase.
9. Phoenix$75 million, fintech: Payment processing startup Finix closed a $75 million Series C, led by him Acre Capital, Global LEAP Partners AND Partners of the Lightspeed enterprise. Founded in 2015, the San Francisco-based company has raised over $200 million, via Crunchbase.
10. Carbon robotics$70 million, agtech: Seattle-based Carbon Robotics, an AI-powered agriculture startup, closed a $70 million Series D led by a latest investor Bond. Founded in 2018, Carbon has raised $157 million for the company.
Great global offers
The biggest transaction of the week got here from China.
- based in Beijing Didi Woyaa startup developing autonomous vehicle technologies for ride-sharing has raised $298 million in Series C funding.
Methodology
We tracked the largest announced rounds in the Crunchbase database that were reported by U.S.-based corporations over a seven-day period from October 19 to October 25. 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.