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Startups Venture

The Most Recent Startup Investments Over $250 Million In 2019

2018 was the year supergiant VC deals became a nearly everyday occurrence. Equity funding rounds of $100 million or more dominated the global VC market, accounting for a vanishingly small percent of total deal volume, but accounting for 56 percent of the total dollar volume.

Here’蝉 the thing about these supergiant VC deals though. The New York Times headline from August 2018 said it simply: In our Q4 and end-of-year analysis of the global VC market, Crunchbase News found that there were over 500 rounds in the “supergiant” size class throughout 2018, worldwide. Although we covered many of them last year, there were just too many to discuss individually.

aren’t the absolute biggest, brightest things in the universe, though they loom larger than just about everything else. Supergiant VC rounds bent the curve of the venture market. But, there’蝉 another size up. are many times the size of supergiant stars, and, so, it follows that hypergiant VC rounds would follow a similar pattern.

In a prior exploration of beyond-supergiant VC, Crunchbase News defined “hypergiant rounds” as any VC round of $250 million or more (at least 2.5x larger than the “supergiant” threshold). These are the deals that shine a bright and sometimes harsh light over a given market. And, at this point, there are sufficiently few of them that we can track a whole year’蝉 worth of hypergiant deals.

So, below, you can find an ever-expanding list of hypergiant rounds from 2019, filed in reverse-chronological order based on announcement date. We’ll update this post on a weekly basis.?If you’d like to check in on a more real-time basis, to surface these rounds.

Last updated on June 17, 2019.

June

KnowBe4

is a cybersecurity training company headquartered in Clearwater, Florida. The company simulates phishing attacks on corporate email networks and trains employees on how to identify and react to these incidents.

  • On June 12th, it raised led by asset manager (KKR), which will be investing out of its first . Participating investors included cybersecurity specialty firm and , a Boston-based venture firm co-managed by co-founder which has been an investor in KnowBe4 . In its announcement, KnowBe4 said it has over $100 million in recurring revenue, “near triple-digit growth, and a customer base of over 25,000 organizations.” KnowBe4 is now valued at $1 billion, post money.
  • The company was founded on August 13, 2010, according to its Crunchbase profile.
  • Prior to the hypergiant round mentioned above, the company had in prior venture funding. Its last round, , valued the company , post-money, in March 2019.
  • Savannah Dowling covered the deal as part of a broader check-in on the state of cybersecurity ventures.

Gympass

Based in S?o Paulo, Brazil, works with employers to provide discounted access to gyms and other personal fitness facilities as a benefit to their employees.

  • Gympass raised led by the . Prior backers , , and participated in the funding round, which was announced on June 12th. SoftBank’蝉 new Latin America-focused venture fund will also contribute to the round after certain unspecified closing conditions are met, according to announcing the round. The round valued the company at over $1 billion.
  • The company was founded in 2012.
  • At time of writing, Crunchbase doesn’t list raised by Gympass. However, back in January, Brazilian news outlet Valor (which is Portugese for “Value”) that SoftBank had invested $190 million in Gympass. Their reporting indicated that it would be the first of a three-tranche deal which would ultimately net Gympass $500 million in total funding. $490 million has now been raised in two transactions over the span of five months, leaving $10 million in remaining allocation for the round. At this time, Crunchbase News couldn’t find information about how the company funded itself between its inception and this hypergiant round.
  • Back in May, Mary Ann Azevedo mentioned the first $190 million transaction in her coverage of the LAVCA’蝉 annual report on Central and South American venture capital activity.

May

Judo Bank

is an upstart financial institution serving primarily small and medium-sized enterprise clients. The company is based in Melbourne, Australia.

  • According in the Australian Financial Review, Judo Bank has raised A$340 million (approximately $233.4 million USD) out of a targeted (approximately $274.6 million USD). Apart from mentioning the , a prior investor in Judo Bank, reports didn’t identify other investors participating in the round, which is expected to close out “in [the] coming weeks.”
  • The company was founded in March 2017.
  • Prior to the A$400 million round mentioned above, the company has raised a considerable amount of equity and debt financing. Judo Bank closed an ($103.7M USD) in August 2018. That round saw participation from , , , and . Judo Bank opened with Credit Suisse in November 2018, and another from in April 2019.
  • Although Crunchbase News didn’t cover this round in particular, Natasha Mascarenhas profiled the Australian venture capital ecosystem in March.

DoorDash

is a San Francisco-based company facilitating on-demand food delivery services.

  • The company raised ; the round was announced on May 24th and valued the company at $12.6 billion, post-money. Late-stage backers and took their first stakes in DoorDash during this transaction. Many of the company’蝉 prior investors — including , , (the firm managing the SoftBank Vision Fund), , , and —also participated in the round.
  • DoorDash was founded in 2013.
  • Prior to the company’蝉 Series G round, DoorDash had raised , according to Crunchbase. This is the second hypergiant round DoorDash closed thus far in 2019. In February, the company announced it raised , which valued the company at just over $7.1 billion, post-money. In other words, the company packed nearly $5 billion onto its valuation in the intervening time.
  • Natasha Mascarenhas and Alex Wilhelm covered the Series G transaction for Crunchbase News. Additional details about the company’蝉 Series F round can be found under the February heading in this post.

SpaceX

is a rocketry and space transportation company headquartered in Hawthorne, California.

  • According to on May 24th, SpaceX had raised $535,744,188 million in equity funding from 5 investors. The filing indicates that SpaceX intended to raise an additional $5 million in the offering, which would bring the . Identities of investors are not disclosed in Form D filings.
  • SpaceX was founded in 2002 by .
  • According to Crunchbase data, SpaceX has raised over $3 billion to date.

Mafengwo

(also known as 马蜂窝) is a Beijing-based social platform company which helps people share and shop for travel experiences.

  • Mafengwo raised round led by . and participated in the deal, which was announced on May 23rd. The company’蝉 valuation was not disclosed.
  • Mafengwo was founded in 2010.
  • Prior to the hypergiant round mentioned above, the company , meaning that this round effectively doubled the amount of Mafengwo has raised to date.
  • Mary Ann Azevedo covered the transaction for Crunchbase News.

Marqeta

Based in Oakland, California, is a financial technology company that helps businesses issue their own virtual debit and credit cards for a variety of use cases.

  • Marqeta raised , which valued the company at or near $2 billion, post-money. , a new investor in the company, led the deal. , , , , , and also participated in the round, which was announced on May 21st.
  • The company was founded in 2010 by .
  • Prior to the hypergiant round mentioned above, Marqeta had raised approximately , according to Crunchbase data. The company’蝉 most recent funding before its Series E was the , which valued the company at $545 million, post-money, in June 2018.
  • Alex Wilhelm covered Marqeta’蝉 round in a brief rundown of deals struck by billion-dollar “unicorn” companies.

Deliveroo

Headquartered in London, is in the online food ordering and on-demand delivery business.

  • Deliveroo raised announced on May 17th. led the deal, in which , , and . The deal values Deliveroo at nearly $4 billion, post-money, according to Crunchbase data.
  • Deliveroo was founded in 2012.
  • Prior to the hypergiant round mentioned above, the company had raised over . The company’蝉 $482 million , closed back in September 2017, valued Deliveroo at just under $2.1 billion, post-money
  • Holden Page covered the transaction as it was announced.

Impossible Foods

Based in Redwood City, CA, is a food technology company that makes meat and cheese substitutes entirely from plant-based sources.

  • On May 13, 2019, Reuters that Impossible Foods . A number of notable investors . They include the likes of (formerly Google Ventures), Singaporean firm , co-founder , and an expansive cadre of American music and athletics celebrities, among others.
  • The company was founded in 2011.
  • Prior to the $300 million round mentioned above, the company had raised at least , according to Crunchbase data.
  • Mary Ann Azevedo covered the deal for Crunchbase News. Crunchbase News also covered facets of competing firm Beyond Meat’蝉 initial public offering, which took place less than two weeks before this latest round from Impossible Foods.

Megvii

is the Beijing, China-based artificial intelligence company behind the Face++ facial recognition engine.

  • On May 8th, Megvii announced it raised which valued the company at over $4 billion, post-money. (BOCGI) led the deal. Hong Kong-based , Australian backer , Chinese tech conglomerate , and participated in the deal. Reuters that Megvii is planning to go public on a Hong Kong exchange later this year.
  • The company was founded in 2011.
  • At the time of writing, Crunchbase’蝉 records of are incomplete. Crunchbase lists $607 million in known prior funding rounds. Funding amounts for the company’蝉 and rounds are not listed.
  • Mary Ann Azevedo covered the transaction for Crunchbase News.

Carta

(formerly “eShares”) is a Palo Alto-headquartered financial technology company developing capitalization table, limited partner subscription, and other management tools for the private equity and venture capital sector.

  • Cara , which valued the company at approximately $1.7 billion, post-money. , a new investor in the company, led the deal. , a , and join prior investors , , and among in the round.
  • The company was founded in 2012 by and .
  • Before the hypergiant round mentioned above, the company had raised in prior venture funding. The company was valued at $800 million, post-money, in announced in late December 2018. In other words, Carta’蝉 valuation doubled in roughly four months.
  • Crunchbase News’蝉 editor-in-chief Alex Wilhelm covered the transaction.

April

Rappi

is an on-demand e-commerce and delivery platform service provider based in Bogota, Colombia.

  • The company announced on April 30, 2019; the company is now valued at roughly $3.5 billion, post-money. The structure of this transaction, like most of SoftBank’蝉 late-stage deals, is complex. (the Japan-HQ’d conglomerate) and its subsidiary each committed to invest “up to $500 million,” which, combined, brings the total to $1 billion. However, in , the company said that SBG and the SBVF will transfer their collective stakes to the as-yet inchoate SoftBank Innovation Fund upon the eventual formation of that fund. (For more about the Innovation Fund, a SoftBank-anchored investment vehicle aiming to invest in Latin America, check out Mary Ann Azevedo’蝉 coverage from March 2019.)
  • Rappi was founded in 2016 by , , and .
  • Prior to the hypergiant round mentioned above, the company had in prior venture funding. Dollar amounts for some pre-Series A rounds are unknown. The company’蝉 last round, announced in August 2018, valued the company at $1 billion, post-money. Rappi was part of ’蝉 .
  • Mary Ann Azevedo and Natasha Mascarenhas collaborated on covering the round for Crunchbase News.

UiPath

is a New York City-based company developing software-enabled robotic process automation (RPA) tooling.

  • The company raised that was announced on April 30, 2019. The transaction—which valued the company at nearly $7 billion, post-money—was led by . , , and are among the participating investors in the round. The company says it now generates $200 million in annual recurring revenue (ARR) and hinted in its press that it is exploring a path to public markets.
  • The company was founded in 2005 by and .
  • Prior to the Series D round mentioned above, UiPath had between its Series A and Series C rounds. Dollar amounts of pre-Series A funding is not listed in Crunchbase at time of writing.
  • Mary Ann Azevedo covered the transaction for Crunchbase News.

Tencent Trusted Doctor

(also known as Tengkang Hui Medical Technology Co., Ltd.) is the product of a merger between Tencent Doctorwork and Trusted Doctors. The company is headquartered in Beijing, China.

  • Tencent Trusted Doctor in a venture round led by , , and . The deal was announced on April 24, 2019. According to , advised Tencent Trusted Doctor on the transaction. The deal values Tencent Trusted Doctor at over $1 billion, post-money. Quoting Reuters: “Tencent Trusted Doctor said it connects 440,000 certified doctors with more than 10 million patients online, offering services from online consulting to e-commerce to physical checks.”
  • The company was formed following a merger in August 2018.
  • Crunchbase does not list prior funding raised by the company. We were unable to easily locate records of how much Tencent may have invested in Tencent Doctorwork prior to merging with Trusted Doctors. However, in coverage of that merger, that “Trusted Doctors, launched in 2014, is a professional platform for over 430,000 registered doctors in China and had planned to expand its network to 31 clinics and 10 surgery centres by the end of 2018.” The SCMP reported that Tencent Doctorwork had [sic] “23 bricks-and-mortar clinics across the country.” Reuters reporting of the new round relayed Tencent Trusted Doctor’蝉 assertion that “it connects 440,000 certified doctors with more than 10 million patients online, offering services from online consulting to e-commerce to physical checks.” By 2021, the company wants to grow its physical footprint nearly tenfold, to over 500 clinics, according to a company statement given to Reuters.
  • Crunchbase News did not cover this round in particular, but we’ve covered Tencent, its side bets (like Tencent Music), and its investments in the past.

Hozon Automobile

(合众新能源) is a Hangzhou, China-based company developing all-electric automobiles.

  • Hozan Automobile raised CN?3 billion (~$447 million USD) in a Series B funding round announced on April 22, 2019. Lead and participating investors were not disclosed by the company.
  • The company was founded in 2014.
  • At the time of writing, Crunchbase does not have information on Hozon Automobile’蝉 prior funding rounds, although indicates that the company has raised in excess of CN? 7 billion in total funding (inclusive of the hypergiant Series B round mentioned above).

ENOVATE Motors

is an all-electric vehicle manufacturer headquartered in Shanghai, China.

  • The company raised announced on April 16, 2019. According to media reports linked in the Crunchbase page for the funding round, the company did not disclose the names of its financial backers. , Jane Li reported “the round was led by a large listed company, with participation from government guidance funds, professional investment firms,” and other investors.
  • The company was founded in 2015.
  • At time of writing, Crunchbase does not have information about pre-Series A financing raised by the company.

Lemonade

is a “full-stack insurance company” based in New York City, New York.

  • The company raised round announced on April 11, 2019. led the deal, which valued Lemonade at $2 billion, post-money. A number of other investors participated in the funding round, including ’蝉 , , , and German insurance giant .
  • The company was founded in 2015 by and .
  • Prior to the hypergiant round mentioned above, the company had in prior venture funding. The bulk of that came in , announced in late December 2017, in which the company raised $120 million at a post-money valuation of roughly $620 million.
  • Crunchbase News’蝉 own Mary Ann Azevedo covered the deal as the news broke.

Affirm

is a company which offers short-term, installment-based loans for consumer purchases at the point of sale. Affirm is based in San Francisco, California.

  • Affirm raised announced on April 3, 2019. ’蝉 firm led the deal. A number of new investors, including , , , and and ’蝉 . Additionally, prior investors including , Singaporean sovereign wealth fund , , , , and followed on as participants in the round.
  • The company was founded in 2012 by Paypal Mafia OG , ex-Palantir co-founder , and . At time of writing, Levchin serves as the company’蝉 CEO. Kaditz and Gettings have since left to start other companies.
  • Prior to the hypergiant round mentioned above, the company had raised at least (not including a seed round with an undisclosed dollar amount). The company opened with in October 2016.
  • For Crunchbase News, Mary Ann Azevedo covered Affirm’蝉 deal, alongside an $88 million round from Bill.com, on April 3rd.

March

Toast

is a company which makes point-of-sale and restaurant management platform for food-service and hospitality businesses. Toast is based in Boston, Massachusetts.

  • The company raised round announced on March 29, 2019. Toast is valued at approximately $2.75 billion, following the transaction. and co-led the quarter-billion dollar deal, which saw participation from , , and .
  • The company was founded on December 22, 2011 by ,, and .
  • Prior to the hypergiant round mentioned above, the company had raised $249 million in cumulative equity funding between its round from July 2015 and the it closed three years later in July 2018. Toast in August 2015, after reaching its first 1,000 customers.
  • Savannah Dowling and Mary Ann Azevedo covered the deal for Crunchbase News. The company said it serves “tens of thousands” of restaurants today.

T3 Mobile Travel Services

is developing a ride-sharing service and self-driving car technology. It is based in Nanjing, China. The upstart is a joint venture between Chinese automakers FAW Group, Dongfeng Automobile, and Chongqing Changan Automobile, in Reuters.

  • The new joint venture raised from its principal corporate backers. Chinese automakers , , and co-led the deal alongside industrial investor (a branch of Suning Group). Chinese tech giants and , themselves developing self-driving and electric vehicle technologies, participated in the transaction. Reuters that Congqing Changan Automobile posted to its WeChat that “The three major car companies have joined forces to enter the field of shared travel, which provides an opportunity to transform traditional car enterprises.”
  • Reuters that the three automakers first signed a cooperation agreement in December 2018.
  • Apart from the funding described above, Crunchbase does not have information about any prior funding raised by the new entity.

MiningLamp

(also known as 明略数据 or Minglue Shuju) is a Beijing, China-based predictive analytics, big data, and machine learning platform company which helps its customers build and analyze their knowledge graphs.

  • MiningLamp raised led by . , , and participated in the transaction.
  • The company was founded in 2014 by .
  • Prior to the hypergiant round mentioned above, the company had raised , and . At time of writing, no information about the company’蝉 Series A round or prior seed-stage funding is present in Crunchbase.

Ke.com

(also known as Beike and 贝壳找房) is a Beijing, China-based real estate sales platform company. Ke.com is a relatively recent spin-out from real estate listings giant .

  • The company raised $800 million in a Series D round announced on March 25, 2019. led the deal, which valued Ke.com at nearly $18 billion, post-money. Citing reports from Chinese business news site Caixin, Asia real estate news site Mingtiandi says as much as $1 billion more by the end of 2019 to continue expansion. Mingtiandi calculates that “Based on a RMB 120 billion valuation, Tencent may hold as much as 4.47 percent of Beike after the latest investment.”
  • The company was spun out from Lanjia in May 2018.
  • No prior funding information for Ke.com is present in Crunchbase at this time. Lianjia, the corporate parent of Ke.com, has raised over (almost $1.9 billion USD) in known venture funding, according to Crunchbase data. The Wall Street Journal that Tencent and were planning to invest $1.5 billion in Lianjia, but it seems as though that deal is yet to be finalized at time of writing.

Delhivery

Delhivery is a supply chain services and logistics provider, connecting ecommerce and brick-and-mortar retail to customers. The company is based in Gurgaon, India.

  • Delhivery round announced on March 4, 2019. led the deal, which valued the company at roughly $1.6 billion, post-money. Fosun Group and Carlyle Group were participating investors in the transaction.
  • The company was founded in 2011
  • Prior to the hypergiant round mentioned above, the company had in prior venture funding.

Opendoor

is based in San Francisco. Opendoor acquires residential real estate and sells them directly to home-buyers, aiming to streamline the purchase process to just a few days.

  • The company in the latest tranche of its Series E round, formally announced on March 20. led the deal, in which a number of other institutional investors—including the , , and , among —participated in the round. The deal values Opendoor at $3.8 billion, post-money.
  • The company was founded in 2014 by , , , and .
  • Prior to the hypergiant round mentioned above, the company had raised over $1 billion in prior venture funding. In the various parts of its Series E round alone, Opendoor has raised $1.025 billion. The company announced a in June 2018, and a from the SoftBank Vision Fund in September 2018.

In February, 2019, when reports of this deal first surfaced in regulatory filings by Opendoor, Mary Ann Azevedo covered the story for Crunchbase News.

Offerpad

is a Phoenix, AZ-based residential real estate company in the business of acquiring houses and selling them directly to consumers, rather than simply brokering a transaction between buyers and sellers.

  • The company raised formally announced on March 14th. The lead investor was not disclosed. According to coverage of the deal , the company will use the new funding to “purchase houses, enhance the real estate experience for consumers, and introduce new tools” for its real estate agents.
  • The company was founded in 2015 by co-CEOs and .
  • Prior to the hypergiant round mentioned above, the company had raised in combined equity and debt financing, according to Crunchbase data. According to FinSMEs, Citi extended a to Offerpad in Q3 2018.

WM Motor

(also known as 威马汽车技术有限公司) is an electric vehicle company based in Shanghai, China.

  • The company raised CN?3 billion (approximately $447.3 million USD at the time of transaction) in a C round formally announced on March 8. Chinese search giant led the deal. and also participated. , an expansion/growth-stage investment arm of Baidu, co-led WM Motor’蝉 , alongside .
  • The company was founded in 2015 by and .
  • According to Crunchbase data, WM Motor had raised to the round mentioned above. This includes a CN?1 billion Series B round (linked above) and a round. indicate WM Motor may have raised capital , but funding amounts were not disclosed and Crunchbase News was not able to confirm whether that transaction actually occurred.

Delhivery

is a supply chain services company based in Gurgaon, India.

  • Delhivery raised that values the company at approximately $1.6 billion, post-money. led the deal. Note that SoftBank sometimes invests its own capital directly, and then moves its stake to the (its $100 billion pooled investment vehicle) at a later date. Global private equity firm and Shanghai-based participated in the transaction.
  • The company was founded in 2011 by , , , , and , according to its Crunchbase profile.
  • Prior to the hypergiant round mentioned above, the company had raised prior to the Series F deal detailed above. The company’蝉 last round—a – Series E—was announced throughout the first half of 2017.

Grab

is a Singapore-based ride-hailing platform offering booking services for taxis, private cars, and motorbikes through a mobile application.

  • As part of its seemingly endless Series H round, from the in a deal announced on March 6th. Grab is valued at approximately $14 billion, post-money. In total, Grab has raised approximately $4.5 billion across multiple tranches of its Series H fundraise, which began in June 2018. This is the second hypergiant (>$250M) Series H tranche Grab announced this year, following $350 million from Tokyo Century announced in January.
  • The company was founded in June 2012 by and .
  • Prior to the hypergiant round mentioned above, the company had before embarking on its Series H fundraise.

Natasha Mascarenhas covered SoftBank’蝉 investment in Grab for Crunchbase News as the story surfaced. Back in December 2018, Savannah Dowling documented Grab’蝉 never-ending Series H round.

February

Chehaoduo

(also known as Guazi.com and 瓜子二手车直卖网) is a consumer-to-consumer used car marketplace company based in Beijing, China.

  • Chehaoduo raised , announced on February 28, which valued the company at $9 billion, post-money. The was the sole reported investor in the transaction.
  • The company was founded in 2015.
  • Prior to the hypergiant round mentioned above, the company had raised approximately ?. Chehaoduo’蝉 last round, Series C, topped out at $980 million, which was closed in two tranches. The was announced in October 2018, valuing Chehaoduo at approximately $6.5 billion, post-money, five months prior to its Series D round.
  • Crunchbase News covered the deal as it was announced.

Danke Apartment

is a technology-enabled apartment management company based in Beijing, China.

  • The company raised which was announced on February 28. Danke Apartment is valued at $2 billion, post-money, following the transaction. and co-led the deal, which saw participation by , , , and .
  • The company was founded in January 2015.
  • Prior to the hypergiant round mentioned above, the company had raised in combined prior CNY and USD-denominated venture funding.

Horizon Robotics

(also known as 地平线 and Dipingxian) is an AI semiconductor manufacturer operating in the robotics industry. The company is headquartered in Beijing, China.

  • The company raised announced on February 27. RAM-maker and petrochemical industry technology provider —branches of globally-scoped Korea-based conglomerate —co-led the deal. , , , , , , , and participated in the transaction, which valued Horizon Robotics at $3 billion, post-money.
  • Horizon Robotics was founded in 2015.
  • Prior to the hypergiant round mentioned above, the company had raised , which was led by Intel Capital back in October 2017. , announced in June 2016, doesn’t have a dollar value attached to it in Crunchbase’蝉 dataset at time of writing, meaning Horizon has likely raised more than the $700 million in total funding listed on its profile.
  • Alex Wilhelm and Mary Ann Azevedo covered the round for Crunchbase News when it was announced.

DoorDash

Based in San Francisco, is an on-demand restaurant delivery service.

  • The company raised formally announced on February 21. Singapore government-backed firm and growth equity firm co-led the deal. , , (another Singaporean sovereign wealth investor), (Russian entrepreneur ’蝉 Hong Kong-domiciled investment group), and participated in the deal, which valued DoorDash at $7 billion, post-money.
  • The company was founded in 2013 by , , , and .
  • Before the hypergiant round mentioned above, the company had in prior venture funding. Since its March 1, 2018 (barely more than one year before the above-mentioned Series F round) DoorDash has raised just under $1.2 billion in equity funding.
  • Savannah Dowling covered the Series F round for Crunchbase News when it was announced.

Flexport

is a San Francisco-based, full-service, software-driven global freight forwarder and logistics platform company.

  • On February 21, the company announced it raised $1 billion in a venture round which values Flexport at $3.2 billion, post-money. The led the massive deal. , , , ’蝉 , and ’蝉 participated in the private securities offering.
  • The company was founded in 2013 by .
  • Prior to the hypergiant round mentioned above, the company had raised .
  • Mary Ann Azevedo and Jason D. Rowley covered the transaction for Crunchbase News when it was announced.

Lalamove

Lalamove (货拉拉) is a Hong Kong-based delivery and logistics service marketplace company

  • The company raised $300 million in a Series D round co-led by Sequoia Capital China and Hillhouse Capital Group. Shunwei Capital, PV Seed Fund, MindWorks Ventures, and Eastern Bell Venture Capital participated in the deal, which was announced on February 21.
  • The company was founded in 2013 by , , and . It was originally called EasyVan.

Before the hypergiant round mentioned above, the company had raised .

Shiheng

is an online catering management service provider based in Beijing, China.

  • The company raised announced on February 18. (not the Vision Fund) and co-led the deal. CEO Fang ShiHun told DealStreetAsia that “ShiHeng is now valued at more than 1 billion yuan ($150 million), and is the leader of the takeaway/catering industry,” adding that “Our current GMV (gross merchandise value) is over 400 million yuan ($59 million).”
  • The company was founded in 2017.
  • DealStreetAsia reports that Shiheng has “raised three funding rounds in the last 12 months.” The report says that over the course of 2018, Shiheng raised over ?200 million (approximately $30 million USD) between its Series A and “Series B-1” round. (The round above is being reported as a “Series B-2” deal.) , , and invested in those prior rounds.

Nuro

is a Mountain View, CA-based designer and manufacturer of autonomous delivery robotics.

  • The company raised that valued the company at $1.8 billion, pre-money. was the sole named investor in the deal, which was announced on February 11th.
  • The company was founded in 2016.
  • Prior to the hypergiant round mentioned above, the company had raised co-led by and .
  • Crunchbase News’蝉 Mary Ann Azevedo and Holden Page covered the transaction as it was announced.

Reddit

is a social media and community platform company headquartered in San Francisco, CA.

  • In , Reddit raised $300 million in a deal formally announced on February 11th. The transaction transaction was led by Chinese tech and media conglomerate . , , and participated in the deal, which valued the company at $3 billion, post-money.
  • The company was founded in 2005 by and . Reddit was in 2006, but it as an independent company once again in September 2011.
  • Prior to the hypergiant round mentioned above, the company had raised at least $250 million in prior venture funding. backed and led in 2014. Reddit raised round announced in August 2017.

OakNorth

Based in Manchester, U.K., is a commercial bank focused on serving the capital needs of small and medium-sized businesses.

  • On February 8th, OakNorth announced it raised led by the . Singapore-based participated in the deal, which values the financial services company at over $2.8 billion, post-money. The round is earmarked for funding expansion into North America and other international markets.
  • The company was founded in 2013 by and .
  • Prior to the deal mentioned above, OakNorth had raised $100 million (USD) and ?367.5 million (GBP) .

Aurora

is a Palo Alto-based self-driving vehicle company.

  • Aurora raised round, which was announced on February 7th. led the deal, in which , and participated in the deal. Aurora is valued at $2.53 billion, post-money.
  • The company was founded in 2016 by ,,.
  • Prior to the hypergiant round mentioned above, the company had raised $90 million in , which was co-led by and .
  • Crunchbase News’蝉 Mary Ann Azevedo covered the transaction when it was announced.

Lime

is an on-demand point-to-point transportation company that offers electric scooters and bicycles for metered rental enabled through its mobile application. The Silicon Valley company is situated in San Mateo, California.

  • Lime raised $310 million in a Series D round on February 6, 2018. The company announced it is now valued at $2.4 billion, post-money. , , , , and co-led the round. Existing investors including (parent organization to GV) and Singapore’蝉 fund, among others, participated. Additional, new investors joined in in what looks like quite the party round.
  • The company was founded in June 2017.
  • Crunchbase does not have information about Lime’蝉 Series A round, or how much was raised in , at time of writing. Lime raised $120 million across separate in its Series B round. The company subsequently raised round, announced in July 2018.
  • Crunchbase News has covered Lime and other scooter companies in the past.

Databricks

offers big data and analytics software as a service, built on top of Apache Spark. The company is based in San Francisco, California.

  • The company raised formally announced on February 5th. , a longtime investor in the company, led the deal, which valued the company at $2.75 billion, post-money. Prior investors , , and participated, as did new investors and Microsoft.
  • The company was founded in 2013, though its founding team had worked together on Apache Spark since 2009.
  • Prior to the hypergiant round mentioned above, the company had raised just over $247 million in prior venture funding.
  • Crunchbase News covered the transaction.

January

Clover Health

is a Medicare benefits company based in San Francisco, California.

  • The company raised that was announced on January 29th. led the deal.
  • The company was founded in 2013 by and .
  • Prior to the hypergiant round mentioned above, the company had raised in prior venture funding.

Jusda

Based in Shenzhen, China, (准时达) is a B2B supply chain management (SCM) company.

  • The company raised announced on January 29th. A triumvirate of state-backed investors—, , and —co-led the deal; , , and participated in the offering.
  • The company was founded in 2010.
  • This is the first publicly disclosed funding round that Crunchbase or Crunchbase News was able to find for the company. It’蝉 unclear how the company has financed its operations and growth to date.

BridgeBio

is a clinical-stage biopharmaceutical company focused on treating genetic diseases. It is based in Palo Alto, California.

  • The company raised formally announced on January 23. Late-stage private equity investors and co-led the deal. A number of BridgeBio’蝉 prior investors, including , , , , , and , among others.
  • The company was founded in 2015 by .
  • At time of writing, Crunchbase does not have a complete history of BridgeBio’蝉 prior rounds in its dataset. Apart from the $299.2 million round mentioned above, Crunchbase data shows that , which was also co-led by KKR and Viking. (Note: Crunchbase News may update this paragraph as more data is added to Crunchbase.)

Zhangmen

is a K-12 personalized online tutoring company based in Shanghai, China.

  • The company announced on January 23rd. The deal was co-led by and .
  • The company was founded in 2015.
  • Crunchbase does not have a complete funding history for Zhangmen at time of writing. The first round listed on Zhangmen’蝉 Crunchbase profile is , led by and announced in December 2016. was co-led by and . The Series D deal was announced in January 2018.

DaDa

is a Shanghai-based online education service for English language learners.

  • The company raised led by global private equity and growth-stage investment firm . and participated in the deal, which was announced on January 16th.
  • The company was founded in April 2013, according to Crunchbase data.
  • Prior to its Series D round, DaDa raised . That includes raised from undisclosed investors back in April 2016.

Rubrik

Hailing from Palo Alto, is a provider of enterprise-focused data backup, management, and recovery services.

  • Rubrik raised announced on January 15. led the deal, which valued the company at $3.26 billion, post-money. , , , and —a veritable who’蝉 who of old school Silicon Valley VC—participated in the round.
  • The company was founded in 2014.
  • Before its hypergiant Series E round, in prior venture funding, according to Crunchbase data.

Knock

Launched by the founding team members of real estate listing site Trulia, is a “home trade-in” platform for existing homeowners. The company is based in Atlanta, Georgia.

  • Almost exactly two years after closing , Knock announced it had , led by , in a Series B round disclosed on January 15th. An undisclosed portion of that total was debt financing. Prior investors , , , and participated in the round; Company Ventures joined the Series B as a new investor.
  • The company was founded in 2015.
  • Besides the Series B round announced in January 2019 and the Series A from January 2017, Knock’蝉 only other known funding was announced in May 2016. Knock also received an unspecified amount from NY-based .
  • Crunchbase News covered the news of Knock’蝉 Series B round as it was publicly announced.

Yimidida

Shanghai-based develops logistics management systems.

  • Yimidada raised led by private equity firm . and participated in the deal, which was announced on January 14th.
  • The company was founded in March 2015.
  • Prior to raising its Series D round, Yimidada had in known venture funding, which includes announced in April 2018.

N26

German fintech company is a provider of mobile banking and international money transfer infrastructure and services.

  • N26 raised led by . and Singapore’蝉 government-backed fund participated in the deal. It was announced on January 9th and valued the company at $2.7 billion, post-money.
  • The company was founded in February 2013.
  • Prior to its Series D round, N26 had raised nearly funding.
  • Crunchbase News covered N26’蝉 Series D round, as well as the $160 million the firm raised back in a Series C round from March 2018.

The We Company

Née “WeWork,” the recently re-christened is a New York City-based commercial real estate company that offers temporary, shared, and private workspace options to clientele ranging from individuals to corporations.

  • The company raised formally announced on January 9th. ? (not the ) invested $2 billion total in the transaction: $1 billion from the de novo equity financing, and an additional $1 billion in equity acquired through from prior shareholders. These were the final parts of a transaction that ultimately netted The We Company $6 billion.
  • The company was founded in 2010.
  • Prior to the $6 billion deal (which included debt and warrant issuance was announced in several parts between August 2018 and January 2019), The We Company in prior equity and debt funding.
  • Crunchbase News covered the deal when it was announced.

Grab

, a ride-hailing platform offering transportation in shared and private car rides, as well as motorbikes, is based in Singapore.

  • The company in the latest tranche of an extended Series H round, formally announced on January 7th. led the deal.
  • Grab was founded in June of 2012. Prior to the company’蝉 multi-part Series H round (the closed in June 2018) Grab had raised in VC, PE, and debt financing.
  • Crunchbase News covered Grab’蝉 never-ending Series H round back in December 2018. Between the first tranche from June 2018 and the last (for now?) $350 million raised in January, Grab has raised at least $3 billion in its Series H round.

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