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The 12 Largest US Tech Startup Funding Rounds of March 2021

Date:

Armed with some data from our friends at CrunchBase, I broke down the largest US startup funding rounds from March 2021, where a record $20.2B was raised by US startups. I have included some additional information such as industry, company description, round type, founders, and total equity funding raised to further the analysis.


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12. Tonal $250.0M

Round: Series E
Description: San Francisco-based Tonal is a smart home gym that uses artificial intelligence and coaching to provide strength training. Founded by Aly Orady in 2015, Tonal has now raised a total of $450.0M in total equity funding and is backed by investors that include Sapphire Ventures, Bolt, L Catterton, TechNexus Venture Collaborative, and Mayfield Fund.
Investors in the round: Cobalt Capital, Dragoneer Investment Group, Drew Brees, L Catterton, Larry Fitzgerald, Maria Sharapova, Mike Tyson, Sapphire Ventures, Sue Bird
Industry: Artificial Intelligence, Consumer Electronics, Fitness, Machine Learning, Personal Health
Founders: Aly Orady
Founding year: 2015
Location: San Francisco
Total equity funding raised: $450.0M



11. Instacart $265.0M

Round: Venture
Description: San Francisco-based Instacart is an online grocery platform that offers same-day delivery and pickup services for retailers and consumers. Founded by Apoorva Mehta, Brandon Leonardo, and Max Mullen in 2012, Instacart has now raised a total of $2.7B in total equity funding and is backed by investors that include General Catalyst, DST Global, D1 Capital Partners, Sequoia Capital, and Initialized Capital.
Investors in the round: Andreessen Horowitz, D1 Capital Partners, Fidelity Management and Research Company, Sequoia Capital, T. Rowe Price
Industry: Delivery Service, E-Commerce, Grocery, Same Day Delivery, Shopping
Founders: Apoorva Mehta, Brandon Leonardo, Max Mullen
Founding year: 2012
Location: San Francisco
Total equity funding raised: $2.7B



10. Airtable $270.0M

Round: Series E
Description: San Francisco-based Airtable is a cloud-based software company that offers an easy-to-use online platform for creating and sharing relational databases. Founded by Andrew Ofstad, Emmett Nicholas, and Howie Liu in 2013, Airtable has now raised a total of $617.6M in total equity funding and is backed by investors that include D1 Capital Partners, Greenoaks Capital, CRV, BoxGroup, and Slow Ventures.
Investors in the round: Caffeinated Capital, CRV, Greenoaks Capital, Thrive Capital, WndrCo
Industry: Collaboration, Database, Developer Tools, SaaS
Founders: Andrew Ofstad, Emmett Nicholas, Howie Liu
Founding year: 2013
Location: San Francisco
Total equity funding raised: $617.6M



9. Squarespace $300.0M

Round: Venture
Description: New York-based Squarespace is an all-in-one platform for websites, domains, online stores, marketing tools and scheduling. Founded by Anthony Casalena in 2003, Squarespace has now raised a total of $378.5M in total equity funding and is backed by investors that include D1 Capital Partners, General Atlantic, T. Rowe Price, Fidelity Management and Research Company, and Tiger Global Management.
Investors in the round: Accel, D1 Capital Partners, Dragoneer Investment Group, Fidelity Management and Research Company, General Atlantic, T. Rowe Price, The Spruce House Partnership, Tiger Global Management
Industry: Developer Tools, E-Commerce Platforms, Software, Web Design
Founders: Anthony Casalena
Founding year: 2003
Location: New York
Total equity funding raised: $378.5M



9. Snyk $300.0M

Round: Series E
Description: Boston-based Snyk is a cybersecurity company that develops security analysis tools used to identify open-source vulnerabilities. Founded by Assaf Hefetz, Danny Grander, and Guy Podjarny in 2015, Snyk has now raised a total of $752.0M in total equity funding and is backed by investors that include BlackRock, Salesforce Ventures, Canaan Partners, GV, and Tiger Global Management.
Investors in the round: Accel, Addition, Alkeon Capital, Atlassian Ventures, BlackRock, Boldstart Ventures, Salesforce Ventures
Industry: Cyber Security, Developer Tools, Network Security, Software
Founders: Assaf Hefetz, Danny Grander, Guy Podjarny
Founding year: 2015
Location: Boston
Total equity funding raised: $752.0M


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9. HighRadius $300.0M

Round: Series C
Description: Houston-based HighRadius is a SaaS company that develops an artificial intelligence-based order-to-cash and treasury management software. Founded by Sashi Narahari in 2006, HighRadius has now raised a total of $475.0M in total equity funding and is backed by investors that include D1 Capital Partners, Tiger Global Management, Citi Ventures, Susquehanna Growth Equity, and Frank Slootman.
Investors in the round: Craig Tooey Courtemanche, D1 Capital Partners, Frank Slootman, Howie Liu, ICONIQ Growth, Michael Scarpelli, Susquehanna Growth Equity, Tiger Global Management
Industry: Accounting, Artificial Intelligence, FinTech, SaaS
Founders: Sashi Narahari
Founding year: 2006
Location: Houston
Total equity funding raised: $475.0M



8. Weee! $315.0M

Round: Series D
Description: Fremont-based Weee! is a California-based online grocery delivery platform that offers Hispanic and Asian foods specialty products and everyday staples. Founded by Larry Liu in 2015, Weee! has now raised a total of $397.8M in total equity funding and is backed by investors that include DST Global, Tiger Global Management, Blackstone Group, Silicon Valley Bank, and VMG Partners.
Investors in the round: Arena Holdings, Blackstone Group, DST Global, iFly.vc, Tiger Global Management
Industry: E-Commerce, Grocery, Local, Mobile
Founders: Larry Liu
Founding year: 2015
Location: Fremont
Total equity funding raised: $397.8M



7. BlockFi $350.0M

Round: Series D
Description: Jersey City-based BlockFi is a secured non-bank lender that offers cryptoasset-backed USD loans to cryptoasset owners. Founded by Flori Marquez and Zac Prince in 2017, BlockFi has now raised a total of $504.7M in total equity funding and is backed by investors that include Alumni Ventures Group, DST Global, Bain Capital Ventures, Galaxy Digital, and Gaingels.
Investors in the round: Akuna Capital, Bain Capital Ventures, Breyer Capital, Castle Island Ventures, CMS Holdings, DST Global, Gaingels, Hudson River Trading, Jump Capital, Kenetic, Morgan Creek Digital, Pacific Century Group, Paradigm, ParaFi Capital, PJC, Pomp Investments, Susquehanna Government Products, The Venture Collective, Third Prime, Tiger Global Management, Valar Ventures
Industry: Bitcoin, Consumer Lending, Cryptocurrency, Financial Services
Founders: Flori Marquez, Zac Prince
Founding year: 2017
Location: Jersey City
Total equity funding raised: $504.7M



6. Insitro $400.0M

Round: Series C
Description: South San Francisco-based Insitro is a drug discovery and development startup that utilizes machine learning and biology to transform drug discovery. Founded by Daphne Koller in 2018, Insitro has now raised a total of $743.0M in total equity funding and is backed by investors that include BlackRock, SoftBank Vision Fund, T. Rowe Price, Temasek Holdings, and Verily.
Investors in the round: Alexandria Venture Investments, Andreessen Horowitz, ARCH Venture Partners, BlackRock, Canada Pension Plan Investment Board, Casdin Capital, Foresite Capital, GV, HOF Capital, SoftBank Vision Fund, T. Rowe Price, Temasek Holdings, Third Rock Ventures, Two Sigma Ventures
Industry: Biotechnology, Life Science, Pharmaceutical, Therapeutics
Founders: Daphne Koller
Founding year: 2018
Location: South San Francisco
Total equity funding raised: $743.0M



5. Attentive $470.0M

Round: Series E
Description: New York-based Attentive is a personalized mobile messaging platform for innovative brands and organizations. Founded by Andrew Jones, Brian Long, and Ethan Lo in 2016, Attentive has now raised a total of $863.0M in total equity funding and is backed by investors that include D1 Capital Partners, Sequoia Capital, Bain Capital Ventures, Sapphire Ventures, and IVP.
Investors in the round: Base10 Partners, Coatue, D1 Capital Partners, IVP, Tiger Global Management
Industry: Advertising, Marketing, Marketing Automation, Messaging, Mobile, Personalization, SaaS, Software
Founders: Andrew Jones, Brian Long, Ethan Lo
Founding year: 2016
Location: New York
Total equity funding raised: $863.0M


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4. Dataminr $475.0M

Round: Series F
Description: New York-based Dataminr develops an artificial intelligence platform designed for real-time event and risk detection. Founded by Jeff Kinsey, Sam Hendel, and Theodore Bailey in 2009, Dataminr has now raised a total of $1.1B in total equity funding and is backed by investors that include Alumni Ventures Group, FJ Labs, BoxGroup, IVP, and Fidelity.
Investors in the round: ArrowMark Partners, DNS Capital, Eden Global, Eldridge, IVP, Lurra Capital, Moore Capital, Morgan Stanley Tactical Value, MSD Capital, Reinvent Capital, The Pritzker Organization, Valor Equity Partners
Industry: Analytics, Artificial Intelligence, Information Technology, Public Safety, Risk Management, Software
Founders: Jeff Kinsey, Sam Hendel, Theodore Bailey
Founding year: 2009
Location: New York
Total equity funding raised: $1.1B



3. Ro $500.0M

Round: Series D
Description: New York-based Ro is a telehealth startup that operates digital health clinics for men’s and women’s health, along with smoking cessation. Founded by Rob Schutz, Saman Rahmanian, and Zachariah Reitano in 2017, Ro has now raised a total of $876.1M in total equity funding and is backed by investors that include General Catalyst, Initialized Capital, BoxGroup, Slow Ventures, and FirstMark.
Investors in the round: 776 Capital, Altimeter Capital, BoxGroup, Dragoneer Investment Group, FirstMark, General Catalyst, Radcliff Group, ShawSpring Partners, SignalFire, The Baupost Group, Torch Capital, TQ Ventures
Industry: Health Care, Health Diagnostics, Hospital, Wellness
Founders: Rob Schutz, Saman Rahmanian, Zachariah Reitano
Founding year: 2017
Location: New York
Total equity funding raised: $876.1M
AlleyWatch’s exclusive coverage of this round: Ro Raises $500M for its Primary Care Telehealth Platform That Makes Healthcare Accessible at a Time When We Need it Most



3. ServiceTitan $500.0M

Round: Series F
Description: Glendale-based ServiceTitan is a service management software that helps home services businesses generate more leads and close more sales. Founded by Ara Mahdessian and Vahe Kuzoyan in 2013, ServiceTitan has now raised a total of $899.8M in total equity funding and is backed by investors that include T. Rowe Price, Battery Ventures, Tiger Global Management, Index Ventures, and Bessemer Venture Partners.
Investors in the round: Arena Holdings, Battery Ventures, Bessemer Venture Partners, Dragoneer Investment Group, Durable Capital Partners, H.I.G. Growth Partners, ICONIQ Growth, Index Ventures, Sequoia Capital Global Equities, Tiger Global Management
Industry: CRM, Home Services, Information Technology, Real Estate, SaaS, Software
Founders: Ara Mahdessian, Vahe Kuzoyan
Founding year: 2013
Location: Glendale
Total equity funding raised: $899.8M



2. Stripe $600.0M

Round: Series H
Description: San Francisco-based Stripe is a developer-oriented commerce company helping small and large companies accept web and mobile payments. Founded by John Collison and Patrick Collison in 2010, Stripe has now raised a total of $2.2B in total equity funding and is backed by investors that include General Catalyst, DST Global, Sequoia Capital, Andreessen Horowitz, and Fidelity Management and Research Company.
Investors in the round: Allianz X, AXA Group, Baillie Gifford, Counterpart Advisors, Fidelity Management and Research Company, National Treasury Management Agency (NTMA), Sequoia Capital
Industry: Finance, FinTech, Mobile Payments, Payments, SaaS
Founders: John Collison, Patrick Collison
Founding year: 2010
Location: San Francisco
Total equity funding raised: $2.2B



1. Gopuff $1.2B

Round: Series G
Description: Philadelphia-based Gopuff is a mobile app-based digital delivery service that delivers products such as over-the-counter medicine, baby food, and alcohol. Founded by Rafael Ilishayev and Yakir Gola in 2013, Gopuff has now raised a total of $2.4B in total equity funding and is backed by investors that include D1 Capital Partners, SoftBank Vision Fund, Fidelity Management and Research Company, Valor Equity Partners, and e.ventures.
Investors in the round: Baillie Gifford, D1 Capital Partners, Eldridge, Fidelity Management and Research Company, Luxor Capital Group, Reinvent Capital, SoftBank Vision Fund
Industry: Delivery Service, E-Commerce, Food Delivery, Mobile Apps
Founders: Rafael Ilishayev, Yakir Gola
Founding year: 2013
Location: Philadelphia
Total equity funding raised: $2.4B


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Source: https://www.alleywatch.com/2021/04/the-12-largest-us-tech-startup-funding-rounds-of-march-2021/

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