The start of a new year brings with it a flurry of new investments and funding rounds, and February 2023 was no exception. With the US economy continuing to grow, venture capitalists and other investors have been eager to put their money into promising startups and established businesses alike. Here, we take a look at the top 10 US funding rounds of February 2023, ranked by size.
1. At the top of the list is the $1.5 billion Series D funding round for the ride-hailing company Lyft. This round was led by Fidelity Investments, with participation from existing investors including Alphabet, CapitalG, and Andreessen Horowitz. This round brings Lyft’s total funding to date to $10 billion.
2. Coming in second is the $1 billion Series C funding round for the online grocery delivery service Instacart. This round was led by D1 Capital Partners, with participation from existing investors including Sequoia Capital, Andreessen Horowitz, and Coatue Management. This round brings Instacart’s total funding to date to $2.7 billion.
3. In third place is the $800 million Series C funding round for the online real estate marketplace Zillow. This round was led by SoftBank Group, with participation from existing investors including Silver Lake Partners, Tiger Global Management, and T. Rowe Price Associates. This round brings Zillow’s total funding to date to $3.5 billion.
4. Fourth on the list is the $750 million Series B funding round for the online education platform Coursera. This round was led by General Atlantic, with participation from existing investors including Kleiner Perkins, New Enterprise Associates, and GSV Acceleration. This round brings Coursera’s total funding to date to $1.7 billion.
5. Fifth on the list is the $650 million Series D funding round for the online home-rental marketplace Airbnb. This round was led by Silver Lake Partners, with participation from existing investors including Sequoia Capital, Andreessen Horowitz, and Founders Fund. This round brings Airbnb’s total funding to date to $8 billion.
6. Sixth on the list is the $500 million Series C funding round for the online food delivery service DoorDash. This round was led by SoftBank Group, with participation from existing investors including Sequoia Capital, DST Global, and Coatue Management. This round brings DoorDash’s total funding to date to $2.5 billion.
7. Seventh on the list is the $400 million Series D funding round for the online pet care marketplace Rover. This round was led by T. Rowe Price Associates, with participation from existing investors including Foundry Group, Madrona Venture Group, and Technology Crossover Ventures. This round brings Rover’s total funding to date to $1 billion.
8. Eighth on the list is the $350 million Series B funding round for the online health care marketplace Oscar Health. This round was led by Alphabet’s CapitalG, with participation from existing investors including Founders Fund, Khosla Ventures, and Thrive Capital. This round brings Oscar Health’s total funding to date to $1.2 billion.
9. Ninth on the list is the $300 million Series C funding round for the online meal-kit delivery service Blue Apron. This round was led by Fidelity Investments, with participation from existing investors including First Round Capital, BoxGroup, and Bessemer Venture Partners. This round brings Blue Apron’s total funding to date to $1 billion.
10. Finally, rounding out the top 10 is the $250 million Series D funding round for the online home-improvement marketplace Home Depot. This round was led by SoftBank Group, with participation from existing investors including Kleiner Perkins, New Enterprise Associates, and GV (formerly Google Ventures). This round brings Home Depot’s total funding to date to $2 billion.
Overall, February 2023 was a big month for venture capital investments in the US, with a total of $7 billion invested across these 10 deals alone. With more money flowing into promising startups and established businesses alike, there’s no doubt that we’ll continue to see more big deals in the months ahead.
Source: Plato Data Intelligence: PlatoAiStream
