糖心视频

This is a weekly feature that runs down the week鈥檚 top 10 funding rounds in the U.S. Check out last week鈥檚 biggest funding rounds here.

As in previous weeks, a company in the financial space saw the biggest round this week鈥攂ut after that the rounds got smaller quickly. round was the only one above a quarter-billion dollars in the U.S., and several raises that made the list were less than $100 million. Seemingly very different from last year鈥攁lthough biotech and health care services stayed strong with investors.

1.听, $620M, financial services: This is the type of round one would expect the next hot fintech company to raise. Instead, Fort Lee, New Jersey-based 鈥攖he parent company of financial technology infrastructure provider Cross River鈥攊s likely a financial services player many have never heard of. But Cross River provides the infrastructure backbone to power more than 80 payment and lending companies, including , and . That customer list surely made it possible for it to take home the biggest round this week with a $620 million financing round led by and . The round was raised at a valuation 鈥渘orth of $3 billion,鈥� .

2.听, $150M, health care: Artificial intelligence has been a buzzword for years among investors, but perhaps never more than now. Cambridge, Massachusetts-based ConcertAI is the latest startup in the AI space to close a large round, raising a $150 million Series C from at a $1.9 billion valuation. The company has developed a platform specifically for life sciences and health care that helps drive clinical research for different diseases such as cancer, and match patients with specific clinical trials, treatments and medications. Founded in 2018, the company has raised about $300 million to date, according to Crunchbase.

3.听, $125M, biotech: Biotech and health was big this week. Menlo Park, California-based BillionToOne closed a $125 million Series C co-led by incoming investor and existing investor . The diagnostics company creates genetic testing for disease detection, including a noninvasive prenatal test that can assess fetal risk for common recessive conditions. Founded in 2016, the company has raised more than $210 million, according to Crunchbase.

4. (tied)听, $105M, health care: The pandemic accelerated many things鈥攊ncluding people looking at mental health much more seriously. Investors also are looking at startups that help with the problem seriously. Palo Alto, California-based Brightline closed a $105 million Series C led by last week. The company has built a one-stop platform specifically for children up to 18 and their caregivers, with on-demand support, coaching programs and other clinical services. Founded in 2019, the company has raised more than $200 million.

4. (tied)听, $105M, open source: Palo Alto, California-based 鈥攚hich offers an open platform for developing and running distributed applications鈥攃losed a $105 million Series C led by new investor at a $2.1 billion valuation. What is eye-catching about the news is Docker鈥檚 past. It was just more than two years ago that the company went through a restructuring and recapitalization, selling off its enterprise business to . Through the last two-plus years, the company went back to focusing on developers. The strategy seems to have worked as the company just announced in February that its annual recurring revenue is now over $50 million, representing more than 4x year-over-year growth.

6. (tied)听, $100M, social network: New York-based Chief raised a $100 million Series B led by at a valuation of $1.1 billion. The private membership network is focused on connecting women in executive leadership positions. Founded in 2019, the company has now raised $140 million, according to Crunchbase data.

6. (tied)听, $100M, biotech: South San Francisco, California-based Neuron23 closed a $100 million Series C led by 2. The biotech startup, which is developing treatments for Parkinson’s disease and systemic inflammatory diseases, has听raised $213.5 million to date.

8.听, $90M, manufacturing: Hawthorne, California-based aerospace manufacturer Hadrian Automation raised a $90 million round led by and . Founded in 2020, the company has raised nearly $100 million, according to Crunchbase.

9.听, $85M, organic food: Aurora, Colorado-based MycoTechnology, a fungi-based food-processing platform, closed an $85 million Series E led by a group affiliated with the , a sovereign wealth fund. Founded in 2013, the company has raised more than $200 million, according to Crunchbase.

10.听, $80M, retail: New York-based visual merchandising and outfitting startup Stylitics raised an $80 million Series C funded by . The company has now raised about $100 million in total funding.

Big global deals

Although deal size was on the low side for U.S.-based companies, four of the top five deals globally were raised by companies outside the country.

• China-based , an infrastructure asset manager and subsidiary of , closed an $800 million Series B.
• Canada-based clean-energy company raised a round worth approximately $240 million.
• China-based , an intelligent driving system developer, closed a Series B worth approximately $204 million.
• Paris-based , which helps real estate owners reduce their carbon footprints, raised a Series C worth about $166 million.

Methodology

We tracked the largest rounds in the Crunchbase database that were raised by U.S.-based companies for the seven-day period of March 26 to April 1. Although most announced rounds are represented in the database, there could be a small time lag as some rounds are reported late in the week.

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