Trends in Growth Capital Financings for June 2021

Growthink Capital Research tracked $12.1 billion in new venture funding in June 2021, up from the $10.9 billion in funding tracked in May.

The month’s biggest funding event belonged to Waymo which raised $2.5 billion. Waymo is a developer of self-driving automotive technologies designed for on-demand riding services like Uber and Lyft.

Thirty-six companies raised $100 million or more in June. Other than Waymo, the 10 companies which raised the most are as follows:

1. Circle ($440 million) a cryptocurrency-focused financial technology designed to send, receive and invest in cryptocurrency assets around the world.
2. Neo4j ($325 million) a native graph database platform intended to help organizations unlock their business value of connections, influences and relationships in data.
3. Age of Learning ($300 million) an online educational platform intended to help children everywhere build a strong foundation for academic success and inspire a lifelong love of learning.
4. Faire ($260 million) an online wholesale marketplace designed to mitigate the burden of inventory risk for retailers.
5. Gong ($250 million) a revenue intelligence platform designed to revolutionize the way of operating based on customer reality.
6. Gympass ($220 million) a marketplace and discovery platform that offers an alternative to the classic model of a gym membership.
7. Umoja Biopharma ($210 million) a developer of immunotherapies trying to combat cancer.
8. Project44 ($202 million) a logistics technology platform designed to digitize the shipment life-cycle.
9. ShipBob ($200 million) a SaaS logistics technology designed to facilitate e-commerce businesses.
10. Guideline ($200 million) an automated investment technology designed to revolutionize online retirement planning.

The hottest sectors for funding during the month were Fintech, Biotech, A.I./Machine Learning, e-Commerce, HealthTech and Cybersecurity.

Key funding events in each these sectors for the month are below:

1. FinTech deals included Guideline ($200 million), Addepar ($150 million), Capchase ($125 million), SmartAsset ($110 million), Embroker ($100 million), Yieldstreet ($100 million), Credit Sesame ($51 million), Deserve ($50 million), Splash Financial ($44.3 million), Novo ($40.7 million), Synctera ($33 million), Atom Finance ($28 million), Pinwheel ($20 million) and Canopy ($11 million).
2. BioTech deals included Umoja Biopharma ($210 million), Abata Therapeutics ($95 million), HiFiBiO Therapeutics ($75 million), Antheia ($73 million), Glycomine ($68 million), Strateos ($56 million), ImmuneID ($50 million), Helix ($50 million), Neurona Therapeutics ($41.5 million) and Kurome Therapeutics ($15 million).
3. A.I./Machine Learning deals included Monogram Health ($160 million), Primer ($110 million), Alation ($110 million), Zenoti ($80 million), Grabango ($39 million), Hello Alice ($21 million), Neurala ($12 million) and Lexion ($11 million).
4. e-Commerce deals included Faire ($260 million), GOAT ($195 million), Moonshot ($160 million), G2 ($157 million), Intrinsic ($113 million), Pattern ($60 million), Forum Brands ($27 million) and Oros ($14.5 million).
5. HealthTech deals included Thirty Madison ($140 million), Greenlight Guru ($120 million), Cleerly ($43 million), R-Zero ($41.5 million), Antidote ($23 million), Hawthorne Effect ($20 million), Medallion ($20 million) and Ride Health ($10 million).
6. Cybersecurity deals included Exabeam ($200 million), Redacted ($35 million), Anjuna ($30 million), Elisity ($26 million), Drata ($25 million), Graylog ($18 million), ThreatX ($10 million) and Phylum ($4.5 million).

If you’re looking for outside funding to grow your company, please don’t hesitate to call us at (213) 927-3968 or fill out our contact form here.