Top Funding Rounds Week of March 2nd
Nscale leads a massive week of VC funding with a $2B Series C. Explore the rise of AI infrastructure, space-tech, and humanoid robotics in our latest report.
- 01Artificial Intelligence (AI) • Data and Analytics•England$2BSeries C
AI infrastructure hyperscaler Nscale raised a $2 billion Series C round led by Aker ASA and 8090 Industries with participation from Astra Capital Management, Citadel, Dell, Jane Street, Lenovo, Linden Advisors, Nokia, NVIDIA, and Point72.
- 02Artificial Intelligence (AI) • Data and Analytics•Baden-Wurttemberg$1.2BEquity
NEURA Robotics, a cognitive humanoid robotics startup, is reportedly raising about €1 billion in a new funding round backed by Tether.
- 03Commerce and Shopping • Consumer Goods•Minas Gerais$1BPrivate Equity
Global Eggs, a multinational egg producer, secured up to $1 billion in equity funding from Warburg Pincus Capital Solutions Founders Fund.
- 04Manufacturing • Science and Engineering•Colorado$550MSeries C
Defense-tech space company Sierra Space raised a $550 million Series C equity round led by LuminArx Capital Management with participation from existing investors including General Atlantic, Coatue, Moore Strategic Ventures, and Andalusian Private Capital.
- 05Biotechnology • Data and Analytics•California$505MEquity
Candid Therapeutics, a T-cell engager biotech for autoimmune disease, raised over $505 million in an oversubscribed private financing from Venrock Healthcare Capital Partners, RA Capital Management, Janus Henderson Investors, T. Rowe Price–advised accounts, venBio Partners, Viking Global Investors, Cormorant Asset Management, Foresite Capital, Soleus Capital, TCGX, Vivo Capital, and other institutional investors, and simultaneously announced a merger with Rallybio.
- 06Artificial Intelligence (AI) • Consumer Electronics•California$500MSeries E
Co-packaged optics startup Ayar Labs raised a $500M Series E led by Neuberger Berman with ARK Invest, Insight Partners, Qatar Investment Authority, Sequoia Global Equities, 1789 Capital, AMD, Alchip, MediaTek, and NVIDIA participating.
- 07Media and Entertainment • Music and Audio•California$450MEquity
Create Music Group, a music rights and technology platform, secured over $450 million in combined equity and debt from Ares Management, 2 Mile, Flexpoint Ford and a bank group led by Truist Securities and Banc of California.
- 08Consumer Electronics • Hardware•Ile-de-France$395.6MEquity
Pasqal, a French quantum computing startup, raised at least €340M in funding ahead of a Nasdaq SPAC listing, with a first €170M tranche from industrial and strategic partners including Parkway Venture Capital, Quanta Computer, LG Electronics, and CMA CGM, and participation from Temasek, the EIC Fund, Saudi Aramco, Daphni, and Isai.
- 09Hardware • Manufacturing•California$300MSeries A
Vast, a commercial space station developer, secured $300 million in Series A equity and $200 million in debt financing led by Balerion Space Ventures with participation from IQT, Qatar Investment Authority, Mitsui & Co., MUFG, Nikon Corporation, Stellar Ventures, Space Capital, Earthrise Ventures, and founder Jed McCaleb.
- 10Consumer Electronics • Government and Military•Texas$250MEquity
Social care platform Findhelp raised an approximately $250 million investment from TPG’s The Rise Funds.
- 11Biotechnology • Health Care•California$230MSeries C
Science Corporation, a brain-computer interface and vision-restoration startup, raised a $230 million Series C round from Lightspeed Venture Partners, Khosla Ventures, Y Combinator, Quiet Capital and IQT.
- 12Manufacturing • Science and Engineering•Comunidad Valenciana$209.1MSeries C
Small-satellite launcher PLD Space raised a €180 million Series C equity round led by Mitsubishi Electric Corporation with participation from Spanish public investors, COFIDES and Nazca Capital.
- 13Financial Services • Lending and Investments•Karnataka$200MEquity
Groww, a wealth-management and stockbroking startup, secured a $200 million equity round at a $7 billion valuation led by GIC with participation from Iconiq Capital.
- 14Biotechnology • Science and Engineering•Pennsylvania$197MSeries A Extension
Alveus Therapeutics, a developer of next-generation obesity and metabolic disease therapies, raised a $197 million Series A round led by New Rhein Healthcare Investors with participation from Andera Partners, Omega Funds, Jeito Capital, Novo Holdings, Sanofi Capital, Kurma Partners and Avego BioScience Capital.
- 15Financial Services • Lending and Investments•Distrito Federal$195MEquity
Neobank Ualá raised a $195 million equity financing led by Allianz X with participation from Stone Ridge Holdings Group, Tencent, TABLE Holdings L.P., Soros Fund Management LLC and D1 Capital Partners.
- 16Data and Analytics • Information Technology•Texas$180MPrivate Equity
E-commerce Software Firm, a Houston-based commerce & logistics platform, secured a $180 million equity investment from Springcoast Partners.
- 17Data and Analytics • Information Technology•Texas$180MEquity
Commerce-enablement platform Cart.com raised a $180 million growth equity round led by Springcoast Partners with participation from PayPal Ventures, Arsenal Growth Equity, Mercury Fund, and Oak HC/FT.
- 18Health Care • Mobile•New York$150MSeries D
Mental-health platform Grow Therapy raised a $150 million Series D led by TCV and Growth Equity at Goldman Sachs Alternatives, with participation from BCI, Menlo Ventures, Sequoia, SignalFire, and Transformation Capital.
- 19Real Estate • Software•Wien$117.7MEquity
Industrialised-housing startup Gropyus secured a €100 million growth round from undisclosed investors to expand its robotic timber-hybrid apartment production.
- 20Financial Services•Lazio$116.3MEquity
Italian rental-advance fintech Rent2Cash secured an over €100 million funding round led by an international structured-finance and real-estate investment fund.
