[Startup Funding: 2020] The 20 Largest Startup Funding Round in 2020 So Far!

: February 17, 2020

The 20 Largest Startup Funding Round in 2020 So Far; Bay Area Leading The Way, No Surprise!

 

 

2020 is a off to a terrific start for the startups around the world. The year has already pushed 9 new unicorns, billions of dollars has been poured into the innovative ideas behind a startup. 

The startling highlights will be the $3B post money valuation of Arrival, a UK based automotive startup after it had raised €100M Series A round on Jan 16, 2020; Snowflake's gigantic $12.4B valuation after it's $479M financing on Feb 07, 2020, has been the talk of the year; likewise the 7 new uniorn in January 2020 and Verkada, as well as 2 new unicorns (Course Hero and Flywire) in Feb 2020 has also made a lot of headlines.

 

These Are The 20 Largest Round of Startup Fundings in 2020 So Far:

 

 

JUUL

A spun off from Pax Labs, Juul makes the Juul e-cigarette, which packages nicotine salts from leaf tobacco into one-time use cartridges. 

JUUL Raised $700M in a Debt financing on Feb 06, 2020. Valuation drops at $12B from it's previous $38B on Dec 20, 2018.

 

 

Joby Aviation: 

An aerospace company developing and commercializing all-electric vertical takeoff and landing aircraft. Joby enables the deployment of fast, quiet and affordable air taxi services.

Joby raised $590M in a Series C round of funding on Jan 15, 2020. The investment was led by Toyota Motor Corporation.

 

 

Secfi: 

A startup making it possible for individuals at private companies to receive financing on their shareholding. Secfi helps startup employees make better decisions for their equity and provides financing on private company stock.

Secfi raised $550M on Jan 14, 2020 in Debt financing led by Serengeti Asset Management.

 

 

Snowflake: 

A cloud-based data-warehousing startup that provides a data warehouse as a service designed for the cloud. Snowflake is the only data warehouse built for the cloud for all your data & all your users.

Snowflake secured $479M in a Series G round on Feb 07, 2020, valuaing the company at $12.4B. The investment was led by Dragoneer Investment Group and Salesforce Ventures.

 

 

ReNew Power:

A leading renewable energy producers in India, initially focusing on purchasing and operating the majority of wind farms in India. ReNew Power develops, builds, owns and operates utility scale wind and solar energy projects as well as distributed solar energy projects that generate energy for commercial and industrial customers.

ReNew Power raked $450M in a Debt financing on Jan 22, 2020. 

 

 

Quibi: 

A short-form mobile video platform created for mobile by the best talent, designed to fit perfectly into any moment of your day. Quibi is the first entertainment platform that fits perfectly into any moment of your day.

Quibi raised $400M from a Private Equity round on Jan 08, 2020. 

 

 

Toast: 

A restaurant point of sale and management system that helps restaurants improve operations, increase sales and create a better guest experience. Toast offers advanced functionality including tableside ordering, quick menu modifications, real-time enterprise reporting, online ordering, and labor management on an easy-to-use interface. 

Toast raised $400M in a Series F round on Feb 14, 2020, valuing the company at $4.9B. The investment was led by Bessemer Venture Partners and TPG.

 

 

Netskope: 

A software company that helps companies protect data and protect against threats in cloud applications, cloud infrastructure, and the web. Netskope's cloud-scale security platform provides context-aware governance of all cloud usage in the enterprise in real time, whether accessed from the corporate network, remote, or from a mobile device.

Netskope raised $340M in a Series G financing on Feb 06, 2020. The investment was led by Sequoia Capital. The latest round also brings the company's valuation to $3B.

 

 

FirstCry:

An omnichannel retailer dedicated to baby and mother care products as part payment for their fresh stake in the company. FirstCry aims to provide best of the products/brands at the best prices with a great online shopping experience, fast and reliable delivery service and a prompt customer care.

FirstCry raised $300M in a latest financing on Feb 06, 2020. The investment was led by SoftBank Vision Fund.

 

 

ClassPass: 

A membership program for fitness classes across multiple gyms and studios, making working out more accessible. ClassPass provides access to yoga, strength training, barre, martial arts, pilates, boxing, and indoor cycling classes, as well as use of health clubs via its flat-rate monthly subscription billing service.

ClassPass raised $285M in a Series E financing on Jan 08, 2020. The investment was led by L Catterton and Apax Digital.

 

 

Berkshire Grey: 

A robotics and AI company delivering retail, ecommerce, and logistics fulfillment automation to global Fortune 100 companies. Berkshire Grey helps customers compete and grow with intelligent robotic systems that automate tasks never before performed by machines in commercial settings.

Berkshire Grey secured $263M in a Series B financing on Jan 21, 2020. The round was led by SoftBank.

 

 

AvidXchange: 

A provider of accounts payable and on-demand invoice management solutions. AvidXchange offers electronic invoice capture, invoice approval workflow, invoice and bill payment reporting, utility bill analytics and payment solution, centralized invoicing processing, account payable solution, and accounting system integration software solutions.

Avidxchange raised it's Series F round of $260M in funding on Jan 27, 2020. TPG Sixth Street Partners led the round.

 

 

Alto Pharmacy: 

A modern pharmacy that operates an online retail platform for prescription drugs. Alto Pharmacy offers free same-day delivery of prescription medications. It also develops a prescription management mobile application for patients and prescribers.

Alto Pharmacy raised $250M in a Series D round of funding on Feb 04, 2020. The investment was led by SoftBank Vision Fund.

 

 

Tradeshift: 

A global B2B platform that helps companies run more efficiently, using cloud-based technology to improve processes like invoicing, workflow and supplier financing. Tradeshift brings all companies, big and small, together to transact, connect and collaborate with each other.

Tradeshift secured $240M in a latest financing on Jan 14, 2020. Backers included Goldman Sachs, PSP Investments, Wipro Ventures, American Express Ventures etc.

 

 

Califia Farms: 

A leading independently owned plant-based food and beverage company. Califia Farms is on a mission is to inspire and nourish the world with the wisdom of a plant-based lifestyle.

Califia Farms raked $225M in a Series D financing on Jan 15, 2020. The round was led by Qatar Investment Authority.

 

 

AppsFlyer: 

A SaaS mobile marketing analytics and attribution platform and is the global leader in mobile attribution and marketing analytics. AppsFlyer's platform processes billions of mobile actions every day, empowering marketers and developers to maximize the return on their marketing investments.

AppsFlyer raised $210M in a Series D financing on Jan 21, 2020. The investment round was led by General Atlantic.

 

 

AvePoint: 

An independent software vendor and manufacturer, which develops, sells, and supports governance, compliance, and management software for enterprise collaboration systems. AvePoint provides a set of governance and migration services for Microsoft SharePoint, Teams, Office 365 and other Microsoft SaaS products.

AvePoint secured $200M in a Series C round of funding on Jan 08, 2020. TPG Sixth Street Partners led the investment.

 

 

BYJU'S:

India' largest Edtech (Learning) Company that is reinventing how students learn through its learning app (Byju's- The Learning App). BYJU'S offers learning programs that are effective and engaging for students in class 6-12, and for competitive exams like CAT, IAS, and GRE GMAT. It has 7 Mn+ users on it's platform today.

BYJU'S raked $200M in a new round of funding on Jan 09, 2020. The fundraising was led by Tiger Global Management.

 

 

EQRx: 

A biotech company focuses on creating novel, patent-protected medicines at prices that are more affordable for people and sustainable for healthcare systems. EQRx is the first of its kind biotechnology company which is focused on re-engineering the process from drug discovery to patient delivery with the goal of offering a market-based solution for the rising cost of medicines.

EqRx announced its launch on Jan 12, 2020 with a $200M Series A financing from GV, ARCH Venture Partners, a16z, Casdin Capital, Section 32, Nextech and Arboretum Ventures and others.

 

 

Klarna: 

A fintech startup that provides online financial services such as payment solutions for online storefronts, debt collection, credit payments and more. Klarna was founded in Stockholm, Sweden and is Europe’s highest valued private fintech company.

Klarna received $200M in a latest financing on Jan 30, 2020 from Commonwealth Bank of Australia.

 

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