Top Funding Rounds Week of October 17th
Ripple and Evernorth each secured $1B in funding this week. Explore the latest VC trends in blockchain, autonomous robotics, and AI infrastructure.
- 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.
- 02Blockchain and Cryptocurrency • Financial Services•California$1BEquity
Institutional XRP treasury firm Evernorth raised a $1 billion funding round from SBI Holdings, Pantera Capital, Kraken, GSR and Rippleworks.
- 03Content and Publishing • Events•Pennsylvania$700MEquity
NEP Group raised a $700 million investment round led by 26North Partners with continued participation from Carlyle.
- 04Blockchain 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.
- 05Hardware • Science and Engineering•Texas$375MEquity
Avride, an autonomous vehicle and delivery-robot startup, secured up to $375 million in strategic investments and commercial commitments from Uber Technologies and Nebius Group.
- 06Financial Services • Lending and Investments•Noord-Holland$350.6MEquity
Battery-storage platform Return secured a €300M funding round from pension investor APG.
- 07Energy • Manufacturing•Nevada$350MSeries E
Battery recycling and energy-storage firm Redwood Materials raised a $350 million Series E led by Eclipse with participation from NVentures.
- 08Artificial Intelligence (AI) • Data and Analytics•California$300MSeed
AI-powered materials-science startup Periodic Labs raised a $300 million seed round led by Felicis with participation from Andreessen Horowitz, DST, NVentures, Accel, and angels Jeff Bezos, Elad Gil, Eric Schmidt, and Jeff Dean.
- 09Information Technology • Privacy and Security•Washington$280MEquity
Chainguard, a trusted open-source security platform, secured $280 million in growth financing from General Catalyst’s Customer Value Fund.
- 10Hardware • Information Technology•Colorado$260.2MFunding Round
Wholesale colocation provider STACK Infrastructure secured a ¥39.7 billion ($247.7 million) green loan underwritten by Natixis CIB and Societe Generale to fund its 36 MW Tokyo data center campus.
- 11Apps • Artificial Intelligence (AI)•California$260MSeries F
Business AI platform Uniphore raised a $260 million Series F round from NVIDIA, AMD, Snowflake, Databricks, NEA, March Capital, BNF Capital, National Grid Partners, and Prosperity7 Ventures.
- 12Artificial Intelligence (AI) • Consumer Electronics•California$250MSeries B
Sesame, a conversational AI and smart-glasses startup, raised a $250M Series B round led by Sequoia with participation from Spark and other undisclosed investors.
- 13Apps • Financial Services•Distrito Federal$250MSeries B
Plata, a Mexican digital banking platform, raised a $250 million equity round (primary Series B plus secondary) led by Kora with participation from Moore Strategic Ventures, Audeo Ventures, Spice Expeditions, Hedosophia, and several family offices.
- 14Artificial Intelligence (AI) • Data and Analytics•California$250MEquity
Multimodal AI infrastructure startup Fal.ai raised a $250 million round led by Kleiner Perkins and Sequoia.
- 15Financial Services • Lending and Investments•England$200MSeries C
Moniepoint, a Nigerian business banking and payments platform, raised an over-US$200 million Series C led by Development Partners International’s ADP III with LeapFrog Investments, Lightrock, Alder Tree Investments, Google Africa Investment Fund, Visa, IFC, Proparco, Swedfund, and Verod Capital participating.
- 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.
- 17Artificial Intelligence (AI) • Data and Analytics•Massachusetts$200MSeries C
AI medical search startup OpenEvidence raised a $200 million Series C led by GV with participation from Sequoia, Kleiner Perkins, Blackstone, Thrive Capital, Coatue, Bond and Craft.
- 18Biotechnology • Health Care•California$183MSeries C
Electra Therapeutics raised a USD 183 million Series C equity round co-led by EQT Life Sciences and Nextech, with Sanofi, HBM Healthcare Investments, Mubadala Capital, and existing investors participating, to advance its precision immunology antibody programs.
- 19$165MEquity
Ampliform, a utility-scale solar developer, secured up to $165 million in private debt financing from Copenhagen Infrastructure Partners’ Green Credit Fund I.
- 20Real Estate•Pais Vasco$162.5MEquity
Spanish residential developer Neinor raised a €140 million equity capital increase, with Orion Capital Managers subscribing €100 million.
