For the past few months in March, April and May I've published posts on companies that have raised Venture Capital funding from financiers. These are financing rounds for private companies and span across the spectrum from Pre Seed, Seed and Series A rounds all the way up through mega rounds that captains of industry are raising in private markets. In this post we're going to reflect back on the year so far to review some of the most notable corporate investment rounds.
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Though you can access all the data through the Employbl dashboard we'll present some findings on 2022 corporate financing here. We'll start with the largest rounds and then move on to financing rounds more traditionally associated with "startups".
Largest Funding Rounds 2022
Depending on who you ask "startup" means different things to different people. I'm going to start with the broadest definition and look at funding rounds for companies that are still funded in private markets. This is funding rounds for companies that are still private meaning they haven't "gone public" through an Initial Public Offering, SPAC or Initial Coin Offering.
You can browse all Public companies here.
Without further ado here are the largest financing rounds of 2022 so far. These companies are "startups" pretty much in the loosest possible definition of the word. I removed "Debt Financing" rounds because I learned that's pretty much just when companies take out a loan. So I'm not a finance person but I guess these are "equity rounds" meaning when companies sell part of the company to financiers in exchange for cash to grow their businesses.
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| Company Name | HQ Location | Founded Year | Round Date | Round Name | Amount Raised |
|---|---|---|---|---|---|
| Epic Games | Cary, NC | 1991 | 2022-04-10 | Series Unknown | $2,000,000,000 |
| SpaceX | Hawthorne, CA | 2002 | 2022-05-23 | Series Unknown | $1,500,000,000 |
| Flexport | San Francisco, CA | 2013 | 2022-02-06 | Series E | $935,000,000 |
| The Boring Company | Hawthorne, CA | 2016 | 2022-04-19 | Series C | $675,000,000 |
| Cross River | Fort Lee, NJ | 2008 | 2022-03-29 | Series D | $620,000,000 |
| Anthropic | San Francisco, CA | 2021 | 2022-04-28 | Series B | $580,000,000 |
| AvantStay | West Hollywood, CA | 2017 | 2022-02-15 | Private Equity | $500,000,000 |
| Wisk | Mountain View, CA | 2019 | 2022-01-23 | Corporate Round | $450,000,000 |
| Yuga Labs | Miami, FL | 2021 | 2022-03-21 | Seed | $450,000,000 |
| ConsenSys | New York, NY | 2014 | 2022-02-13 | Series D | $450,000,000 |
| ConsenSys | New York, NY | 2014 | 2022-02-13 | Series D | $450,000,000 |
| Weee! | Fremont, CA | 2015 | 2022-02-27 | Series E | $425,000,000 |
| project44 | Chicago, IL | 2014 | 2022-01-10 | Private Equity | $420,000,000 |
| Group14 Technologies | Woodinville, WA | 2015 | 2022-05-03 | Series C | $400,000,000 |
| Miro | San Francisco, CA | 2011 | 2022-01-04 | Series C | $400,000,000 |
| Memphis Meats | Berkeley, CA | 2015 | 2022-04-20 | Series C | $400,000,000 |
| Circle | Boston, MA | 2013 | 2022-04-11 | Private Equity | $400,000,000 |
| 8minute Solar Energy | Los Angeles, CA | 2009 | 2022-01-18 | Private Equity | $400,000,000 |
| Fractal | 2000 | 2022-01-04 | Private Equity | $360,000,000 | |
| Bolt | San Francisco, CA | 2014 | 2022-01-13 | Series E | $355,000,000 |
I had to double check that Anthropic round. Company founded in 2021 raised $580 million? Yup. It'd be interesting to see how these companies are doing in a few months. I'm sure the valutations were super high with all this money raised and now that crypto is crashing and the economy is going into recession these companies might have lots of cash but could be in trouble long term.
And ya Yuga Labs isn't a typo either. $450 million "Seed" round for some crypto idea dudes in Miami thought of last year. Their website says they're shaping Web3 through storytelling. You can't make this shit up.
Largest Early Stage Funding Rounds
So now for what is pretty universally accepted as startups. Most people think of startups as Series A or earlier. Some people think that companies that raise Series A are no longer startups but whatever we're including them. These are the largest Pre Seed, Seed and Series A early stage startup funding rounds of 2022 so far.
Yup not a typo Yuga Labs and Binance Exchange raised hundreds of millions of dollars to roll up the crypto space before it can even get started. I'm sure their investors will make plenty of tomorrow but I won't be suprised to see these companies are Web3 is Going Great. Okay I'm done being salty here's the list :)
| Company Name | HQ Location | Founded Year | Round Date | Round Name | Amount Raised |
|---|---|---|---|---|---|
| Yuga Labs | Miami, FL | 2021 | 2022-03-21 | Seed | $450,000,000 |
| Binance Exchange | San Francisco, CA | 2019 | 2022-04-05 | Seed | $200,000,000 |
| ITrustCapital | Los Angeles, CA | 2018 | 2022-01-18 | Series A | $125,000,000 |
| Luminous Computing | Palo Alto, CA | 2018 | 2022-03-02 | Series A | $105,000,000 |
| CoinTracker | San Francisco, CA | 2017 | 2022-01-26 | Series A | $100,000,000 |
| Island | Dallas, TX | 2020 | 2022-01-31 | Series A | $100,000,000 |
| Hadrian | Hawthorne, CA | 2020 | 2022-03-30 | Series A | $90,000,000 |
| Voltron Data | Mountain View, CA | 2021 | 2022-02-15 | Series A | $88,000,000 |
| MoonPay | Miami, FL | 2018 | 2022-04-12 | Series A | $87,000,000 |
| AmbAgon Therapeutics | San Francisco, CA | 2020 | 2022-01-05 | Series A | $85,000,000 |
| Mojo | New York, NY | 2021 | 2022-03-08 | Series A | $75,000,000 |
| Observe | San Mateo, CA | 2017 | 2022-05-10 | Series A | $70,000,000 |
| ArriVent Biopharma | Pennsylvania Furnace, PA | 2021 | 2022-02-14 | Series A | $69,000,000 |
| Ansa Biotechnologies | Emeryville, CA | 2018 | 2022-04-10 | Series A | $68,000,000 |
| Our Next Energy | Novi, MI | 2020 | 2022-02-28 | Series A | $65,000,000 |
| Eyebiotech | New York, NY | 2021 | 2022-02-21 | Series A | $65,000,000 |
| Alterome Therapeutics | San Diego, CA | 2021 | 2022-01-18 | Series A | $64,000,000 |
| Colossal Biosciences | Dallas, TX | 2021 | 2022-03-08 | Series A | $60,000,000 |
| Everyrealm | New York, NY | 2021 | 2022-02-09 | Series A | $60,000,000 |
| AndHealth | Columbus, OH | 2021 | 2022-02-09 | Seed | $57,000,000 |
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