Top Funding Rounds Week of October 10th
Ripple, Kailera Therapeutics, and Tempo headline a massive week of VC funding. Discover the latest trends in fintech and biotech growth capital.
- 01Blockchain and Cryptocurrency • Financial Services•California$1BEquity
Blockchain payments firm Ripple Labs is seeking to raise at least $1 billion through a SPAC-structured financing from undisclosed investors to capitalise a Digital Asset Treasury focused on accumulating XRP.
- 02Content and Publishing • Events•Pennsylvania$700MEquity
NEP Group raised a $700 million investment round led by 26North Partners with continued participation from Carlyle.
- 03Food and Beverage • Manufacturing•New York$650MEquity
Yogurt maker Chobani raised a $650 million equity round from undisclosed investors to fund U.S. plant expansions.
- 04Biotechnology • Health Care•Massachusetts$600MSeries B
Obesity-focused biotech Kailera Therapeutics raised a $600 million Series B led by Bain Capital Private Equity with participation from Adage Capital, CPP Investments, Invus, Janus Henderson, Perseverance Capital, QIA, Royalty Pharma, Surveyor Capital, T. Rowe Price–advised accounts, an undisclosed large mutual fund, and existing backers Atlas Venture, Bain Capital Life Sciences, RTW Investments, and Sirona Capital.
- 05Blockchain and Cryptocurrency • Financial Services•California$500MSeries A
Payments blockchain startup Tempo raised a $500 million Series A led by Thrive Capital and Greenoaks, with Sequoia, Ribbit Capital, and SV Angel participating.
- 06Administrative Services • Apps•Maharashtra$450MEquity
Quick-commerce startup Zepto raised a $450 million funding round led by CalPERS with participation from Avenir, Avra, Lightspeed, Glade Brook, The Stepstone Group and Nexus Venture Partners.
- 07Biotechnology • Health Care•Bayern$357.4MSeries C
Tubulis, a developer of next-generation antibody-drug conjugates, raised a €308 million Series C equity round led by Venrock Healthcare Capital Partners with participation from Wellington Management, Ascenta Capital and existing backers.
- 08Financial Services • Lending and Investments•Noord-Holland$350.6MEquity
Battery-storage platform Return secured a €300M funding round from pension investor APG.
- 09Administrative Services • Financial Services•California$300MSeries E
Global payroll platform Deel raised a $300 million Series E round co-led by Ribbit Capital and Andreessen Horowitz, with participation from Coatue Management and General Catalyst.
- 10Data and Analytics • Real Estate•North Carolina$300MEquity
AI-driven community association platform Vantaca secured a $300 + million minority growth investment led by Cove Hill Partners with participation from JMI Equity at a $1.25 billion valuation.
- 11Artificial Intelligence (AI) • Data and Analytics•New York$300MSeries D
Kalshi, a regulated prediction market platform, raised a $300 million Series D led by Sequoia Capital and Andreessen Horowitz with participation from Paradigm, CapitalG, Coinbase Ventures, General Catalyst, and Spark Capital.
- 12Biotechnology • Health Care•California$254MSeries B
Kardigan, a cardiovascular therapeutics startup, closed a $254 million Series B equity round backed by Fidelity Management & Research Company, accounts advised by T. Rowe Price Investment Management, ARCH Venture Partners, and Sequoia Heritage.
- 13Health Care•Minnesota$250MEquity
HistoSonics, a histotripsy-based medical device company, closed a $250 million growth financing led by its new ownership consortium with participation from Thiel Bio, Founders Fund, K5 Global, Bezos Expeditions, and Wellington Management.
- 14Blockchain and Cryptocurrency • Financial Services•New York$230.8MEquity
Zeta Network raised a $230.8 million private placement of Class A common stock and warrants from undisclosed investors, accepting payment in Bitcoin and SolvBTC.
- 15Artificial Intelligence (AI) • Consumer Electronics•California$220MSeries C
AI processor startup Tachyum secured a $220 million Series C equity round from a European investor that also placed a $500 million purchase order for its Prodigy chips.
- 16Health Care • Natural Resources•Massachusetts$200MEquity
Dental solutions provider Solmetex secured a $200 million structured minority investment from GTCR, with existing shareholder AGIC Capital continuing its support.
- 17Biotechnology • Health Care•Massachusetts$200MSeries A
Soufflé Therapeutics, a siRNA delivery biotech, raised a $200 million Series A from undisclosed investors.
- 18Artificial Intelligence (AI) • Commerce and Shopping•England$165MSeries C
Dexory, an AI warehouse-visibility startup, secured a $165M financing that includes a $100M Series C led by Eurazeo with LTS Growth, Endeavor Catalyst, DTCP, Atomico, Lakestar, Elaia, Latitude Ventures, Wave-X and others, plus an expanded growth-debt facility from Bootstrap Europe.
- 19Financial Services • Lending and Investments•California$165MSeries G
Fintech lending platform Upgrade raised a $165 million Series G preferred equity round led by Neuberger Berman Funds, with participation from LuminArx Capital Management, DST Global, and Ribbit Capital.
- 20Health Care•Connecticut$150MSeries C
Veradermics, developer of an extended-release oral minoxidil tablet for pattern hair loss, raised a $150 million Series C led by SR One with participation from Viking Global Investors, Marshall Wace, Invus, abrdn funds, Columbia Threadneedle Investments, Infinitium, LifeSci Venture Partners, Longitude Capital, Suvretta Capital Management and Surveyor Capital.
