Top Funding Rounds Week of June 22nd
Stegra, Baseten, and AppsFlyer lead a week of massive VC rounds. We analyze the shift toward high-capex industrial and AI infrastructure investments.
- 01Energy • Sustainability•Stockholms Lan$1.6BEquity
Stegra, a near-zero-emissions steel company, raised €1.4 billion in a financing round led by a Wallenberg Investments consortium with participation from IMAS, Temasek, Bolero, SEB-Stiftelsen, Altor and a large group of existing shareholders and lenders.
- 02Artificial Intelligence (AI) • Data and Analytics•California$1.5BSeries F
Baseten, an AI inference company, raised $1.5 billion in a Series F led by Altimeter Capital, Conviction, and Spark Capital with participation from Sands Capital, Wellington Management, IVP, Greylock, 01A, Blackbird, Durable Capital Partners, Verified Capital, Battery Ventures, and D. E. Shaw Ventures
- 03Advertising • Artificial Intelligence (AI)•California$1BSeries E
AppsFlyer, a marketing analytics and mobile ad attribution platform, reportedly raised more than $1 billion in a Series E at a $2.7 billion post-money valuation with Moloco, Google, Meta and Unity taking minority stakes.
- 04Artificial Intelligence (AI) • Consumer Electronics•California$650MEquity
Groq, an AI inference cloud infrastructure company, raised $650M in growth capital led by Disruptive and Infinitum with participation from existing investors who elected to reinvest.
- 05Administrative Services • Consumer Electronics•Berlin$570.7MEquity
Stark Defence, a German defence tech startup, raised €500M in new funding at a €3.5B valuation from investors including Sequoia, Founders Fund, the NATO Innovation Fund, Project A, Air Street Capital, 201 Ventures, Advent and Döpfner Capital
- 06Financial Services • Health Care•Ile-de-France$544.9MSeries G
Alan, the prevention insurance company, raised €480 million in a Series G at a €5.5 billion valuation led by Prosus with participation from Teachers' Venture Growth, Index Ventures and new investor Dara Holdings.
- 07Artificial Intelligence (AI) • Data and Analytics•Cambridgeshire$400MEquity
AI materials discovery startup CuspAI raised a $400M funding round at a $2.6B valuation co-led by Bezos Expeditions and Kleiner Perkins
- 08Blockchain and Cryptocurrency • Financial Services•California$400MEquity
Securitize, a BlackRock-backed tokenization infrastructure provider, is set to raise about $400 million in connection with its SPAC merger with Cantor Fitzgerald-backed Cantor Equity Partners II (CEPT), including PIPE financing.
- 09Consumer Electronics • Hardware•Zuid-Holland$380MSeries D
Nearfield Instruments, an advanced semiconductor 3D metrology and inspection company, raised $380 million in a Series D at a $1.6 billion valuation led by Fidelity Management & Research Company with participation from Temasek, Walden Catalyst Ventures, Innovation Industries, M&G Investments, Invest-NL, Qatar Investment Authority, TNO Ventures and ING.
- 10Consumer Electronics • Hardware•California$350MEquity
XLight, an American advanced-laser-for-semiconductor startup, is negotiating to raise $350 million from two investment funds.
- 11Biotechnology • Health Care•Texas$330MSeries B
Ollin Biosciences, a clinical-stage biopharmaceutical company focused on vision-threatening diseases, raised $330 million in an oversubscribed Series B co-led by TCGX and ARCH Venture Partners with participation from a16z Bio+Health, Blackstone Multi-Asset Investing, Commodore Capital, CPP Investments, RA Capital, accounts advised by T. Rowe Price, Mubadala Capital, and Monograph Capital
- 12Artificial Intelligence (AI) • Data and Analytics•New York$320MSeries A
General Intuition, a New York AI lab training models on gameplay clips, raised $320M Series A at a $2.3B valuation led by Khosla Ventures with participation from General Catalyst, Bezos Expeditions (Jeff Bezos), Eric Schmidt, and Nico Rosberg.
- 13Financial Services • Information Technology•Central Region$320MSeries H
Airwallex, a global payments and financial platform, raised $320 million in a Series H at an $11 billion valuation led by Addition with participation from Baillie Gifford, Hummingbird, QED Investors, T. Rowe Price, Hedosophia, Haun Ventures, Washington University in St. Louis and Amex Ventures
- 14Travel and Tourism•NA - Vietnam$255MPreferred
Vinpearl, a major Vietnamese tourism and hospitality brand, secured a $255 million strategic investment through convertible dividend preference shares from SeaTown Private Credit Fund III, Oman Investment Authority, and Vietnam Oman Investment.
- 15Energy • Hardware•Central Region$250MGrant
I-Pulse, a silicon carbide semiconductor developer, received a $250 million CHIPS Act grant from the U.S. Department of Commerce's CHIPS R&D office, supported by BHP.
- 16Data and Analytics • Government and Military•California$250MSeries D
Peregrine Technologies, full-stack AI platform for government and enterprise, raised $250 million in a Series D at a $6.8 billion valuation led by existing investors including Fifth Down Capital, Sequoia Capital, OG Venture Partners, Goldcrest Capital, XYZ Ventures, and Godfrey Capital
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Artificial Intelligence (AI) • Data and Analytics•California$200MEquityQuantifind, an AI-native risk intelligence company, raised a $200 million growth investment led by Summit Partners with participation from Citi Ventures, S&P Global, Deloitte, and Stephens Group.
- 18Biotechnology • Health Care•California$190MSeries B
Osanni Bio, a Bay Area biotech developing drugs across ophthalmology, cardiology and oncology, raised $190M Series B led by Patient Square Capital with participation from the Horowitz Group, Invus Opportunities and the Retinal Degeneration Fund.
- 19Artificial Intelligence (AI) • Data and Analytics•California$190MSeries A Extension
Upscale AI, a pure-play AI networking infrastructure company, raised $190 million in a Series A-1 extension at a $2.0 billion valuation led by Premji Invest with participation from NVIDIA, Salesforce Ventures, Seligman Ventures, Temasek, Maverick Silicon, Mayfield, Prosperity7 Ventures, StepStone Group, and Tiger Global
- 20Hardware • Information Technology•Tokyo$189.3MEquity
Astroscale, a Tokyo-based satellite servicing company, raised ¥30.6 billion through a combination of convertible bonds and equity with participation from HULIC and Sky Perfect JSAT
