Armed with some data from our friends at Crunchbase, I broke down the largest US startup funding rounds from the second quarter of 2022. I have included some additional information such as industry, company description, round type, founders, and total equity funding raised to further the analysis. To maintain a focus on tech-enabled companies, real estate, biotech, and lending companies were excluded. This report only contains equity fundings.
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (New York Tech, London Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the business community and beyond. Learn more about how a digital campaign will return your investment here.
9. Rippling $250.0M
Round: Series D
Description: San Francisco-based Rippling is a human resource management company that offers an all-in-one platform to help manage HR and IT operations. Founded by Parker Conrad and Prasanna Sankar in 2016, Rippling has now raised a total of $697.0M in total equity funding and is backed by TokenZ, Crowd Venture Capital, COIND, Sequoia Capital, FundersClub.
Investors in the round: 9Yards Capital, Accel, Adams Street Partners, Base Partners, Flucas Ventures, Gaingels, General Catalyst, Index Ventures, Sequoia Capital, SoftBank Vision Fund, Two Sigma Ventures
Month of funding: May
Industry: Employment, Human Resources, Information Technology, IT Management, Productivity Tools
Founders: Parker Conrad, Prasanna Sankar
Founding year: 2016
Total equity funding raised: $697.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (New York Tech, London Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the business community and beyond. Learn more about how a digital campaign will return your investment here.
8. Remote $300.0M
Round: Series C
Description: San Francisco-based Remote offers international payroll, benefits, and compliance services for employees and contractors. Founded by Job van der Voort, Marcelo Lebre, and Nick Macario in 2019, Remote has now raised a total of $496.0M in total equity funding and is backed by Sequoia Capital, Gaingels, HackerOne, General Catalyst, and Liquid 2 Ventures.
Investors in the round: KIRKBI A/S, Sony
Month of funding: April
Industry: FinTech, Human Resources, Payments, Recruiting
Founders: Job van der Voort, Marcelo Lebre, Nicholas Macario
Founding year: 2019
Total equity funding raised: $496.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (New York Tech, London Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the business community and beyond. Learn more about how a digital campaign will return your investment here.
8. SpotOn $300.0M
Round: Series F
Description: San Francisco-based SpotOn provides mobile payment technology and a management system for restaurants and small businesses. Founded by Doron Friedman, Matt Hyman, and Zach Hyman in 2017, SpotOn has now raised a total of $928.0M in total equity funding and is backed by Andreessen Horowitz, Franklin Templeton Investments, Mubadala, Coatue, G Squared.
Investors in the round: 8VC, Craft Ventures, DFJ Growth, Founders Fund, Sequoia Capital, Valor Equity Partners, Vika Ventures, Vy Capital
Month of funding: May
Industry: Mobile Payments, Payments, Sales Automation, Software
Founders: Doron Friedman, Matt Hyman, Zach Hyman
Founding year: 2017
Total equity funding raised: $928.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (New York Tech, London Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the business community and beyond. Learn more about how a digital campaign will return your investment here.
7. Crusoe Energy Systems $350.0M
Round: Series C
Description: Denver-based Crusoe Energy Systems provides solutions for the energy industry helping them to reduce routine flaring of natural gas. Founded by Chase Lochmiller and Cully Cavness in 2018, Crusoe Energy Systems has now raised a total of $512.5M in total equity funding and is backed by Polychain, Generate Capital, Coinbase Ventures, FootPrint Coalition, and Founders Fund.
Investors in the round: Fidelity Management and Research Company, TPG Rise Climate Fund
Month of funding: April
Industry: Energy, Energy Management, Oil and Gas
Founders: Chase Lochmiller, Cully Cavness
Founding year: 2018
Total equity funding raised: $512.5M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (New York Tech, London Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the business community and beyond. Learn more about how a digital campaign will return your investment here.
6. Beta Technologies $375.0M
Round: Series B
Description: South Burlington-based Beta Technologies manufactures electric vertical takeoff and landing (eVTOL) aircraft and recharging pad systems. Founded by Kyle Clark in 2017, Beta Technologies has now raised a total of $886.0M in total equity funding and is backed by Fidelity Management and Research Company, TPG Rise Climate Fund, Climate Pledge Fund, and RedBird Capital Partners.
Investors in the round: Abu Dhabi Growth Fund, Baillie Gifford, Bill Gates, Cargill, Cercano Management, Christiana Wyly, CPT Capital, Dentsu Ventures, EDBI, Givaudan, IndieBio, John Doerr, Kimbal Musk, Norwest Venture Partners, SALT Fund, SoftBank Vision Fund, SOSV, Synthesis Capital, Temasek Holdings, Tyson Foods
Month of funding: April
Industry: Aerospace, Air Transportation, CleanTech, Manufacturing
Founders: Kyle Clark
Founding year: 2017
Total equity funding raised: $886.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (New York Tech, London Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the business community and beyond. Learn more about how a digital campaign will return your investment here.
5. UPSIDE Foods $400.0M
Round: Series C
Description: Berkeley-based UPSIDE Foods produces meat directly from animal cells without the need to raise and slaughter animals. Founded by Nicholas Genovese, Uma Valeti, and William Clem in 2015, UPSIDE Foods has now raised a total of $606.0M in total equity funding and is backed by IndieBio, Norwest Venture Partners, Baillie Gifford, Temasek Holdings, and SoftBank Vision Fund.
Investors in the round: Atreides Management, Bain Capital Ventures, Castle Island Ventures, CMT Digital Ventures, DRW Venture Capital, Engine No. 1, Exor Seeds, Felicis Ventures, FootPrint Coalition, Founders Fund, G2VP, Inclusive Capital Partners, Lowercarbon Capital, Mitsui & Co, My Climate Journey Collective, Polychain, Tao Capital, Upper90, Valor Equity Partners, Winklevoss Capital, Zigg Capital
Month of funding: April
Industry: Food and Beverage, Food Processing, Organic Food
Founders: Nicholas Genovese, Uma Valeti, William Clem
Founding year: 2015
Total equity funding raised: $606.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (New York Tech, London Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the business community and beyond. Learn more about how a digital campaign will return your investment here.
5. Group14 Technologies $400.0M
Round: Series C
Description: Woodinville-based Group14 Technologies is a battery storage technology company that develops silicon-carbon composite materials for lithium-ion markets. Founded by Aaron Feaver, Rick Costantino, and Rick Luebbe in 2015, Group14 Technologies has now raised a total of $435.0M in total equity funding and is backed by Porsche, OMERS Ventures, Riverstone Holdings, Washington state Department of Commerce, Vsquared Ventures.
Investors in the round: Caroline Ellison, Center for Emerging Risk Research, Jaan Tallinn, James McClave, Nishad Singh, Sam Bankman-Fried
Month of funding: May
Industry: Battery, Chemical Engineering, Electric Vehicle, Energy Storage, Nanotechnology
Founders: Aaron Feaver, Rick Costantino, Rick Luebbe
Founding year: 2015
Total equity funding raised: $435.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (New York Tech, London Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the business community and beyond. Learn more about how a digital campaign will return your investment here.
5. Velocity Global $400.0M
Round: Series B
Description: Denver-based Velocity Global offers a global employment solution that simplifies how companies onboard, manage, and pay talent. Founded by Ben Wright in 2014, Velocity Global has now raised a total of $500.0M in total equity funding and is backed by Norwest Venture Partners, Eldridge, Friedman Fleischer & Lowe (FFL).
Investors in the round: Decarbonization Partners, Moore Strategic Ventures, OMERS Ventures, Porsche, Riverstone Holdings, Vsquared Ventures
Month of funding: May
Industry: Employment, Human Resources, Information Technology, Productivity Tools, Recruiting
Founders: Ben Wright
Founding year: 2014
Total equity funding raised: $500.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (New York Tech, London Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the business community and beyond. Learn more about how a digital campaign will return your investment here.
4. Faire $416.0M
Round: Series G
Description: San Francisco-based Faire is a company that helps retailers find and buy wholesale merchandise for their stores. Founded by Daniele Perito, Jeffrey Kolovson, Lauren Cooks Levitan, Marcelo Cortes, and Max Rhodes in 2017, Faire has now raised a total of $1.7B in total equity funding and is backed by Sequoia Capital, Norwest Venture Partners, Y Combinator, Founders Fund, Baillie Gifford.
Investors in the round: Sequoia Capital, Y Combinator
Month of funding: May
Industry: E-Commerce, Marketplace, Retail, Retail Technology, Wholesale
Founders: Daniele Perito, Jeffrey Kolovson, Lauren Cooks Levitan, Marcelo Cortes, Max Rhodes
Founding year: 2017
Total equity funding raised: $1.7B
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (New York Tech, London Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the business community and beyond. Learn more about how a digital campaign will return your investment here.
3. Anthropic $580.0M
Round: Series B
Description: San Francisco-based Anthropic is an AI safety and research company. Founded by Dario Amodei in 2021, Anthropic has now raised a total of $704.0M in total equity funding and is backed by Nishad Singh, Sam Bankman-Fried, Dustin Moskovitz, Jaan Tallinn, and Caroline Ellison.
Investors in the round: Bedrock Capital, Empede Capital, Kleiner Perkins, Sequoia Capital, Y Combinator
Month of funding: April
Industry: Artificial Intelligence, Information Technology, Machine Learning
Founders: Daniela Amodei, Dario Amodei, Jack Clark, Sam McCandlish, Tom Brown
Founding year: 2021
Total equity funding raised: $704.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (New York Tech, London Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the business community and beyond. Learn more about how a digital campaign will return your investment here.
2. The Boring Company $675.0M
Round: Series C
Description: Austin-based The Boring Company engages in constructing underground transportation networks. Founded by Elon Musk in 2022, The Boring Company has now raised a total of $908.0M in total equity funding and is backed by Sequoia Capital, 8VC, Craft Ventures, Valor Equity Partners, and Founders Fund.
Investors in the round: Eldridge, Friedman Fleischer & Lowe (FFL), Norwest Venture Partners
Month of funding: April
Industry: Construction, Infrastructure, Transportation
Founders: Bridgett Moore, Bridgett Moore, Elon Musk, Samuel Hetherington
Founding year: 2016
Total equity funding raised: $908.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (New York Tech, London Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the business community and beyond. Learn more about how a digital campaign will return your investment here.
1. Epic Games $2.0B
Round: Venture
Description: Cary-based Epic Games is an interactive entertainment company that develops games and offers its game engine technology to other developers. Founded by Mark Rein and Tim Sweeney in 1991, Epic Games has now raised a total of $7.1B in total equity funding and is backed by Tencent, BlackRock, T. Rowe Price, Baillie Gifford, and Bracket Capital.
Investors in the round: Andreessen Horowitz, Dragoneer Investment Group, DST Global, Franklin Templeton Investments, G Squared, Mubadala
Month of funding: April
Industry: Developer Platform, Gaming, Software, Video Games
Founders: Mark Rein, Tim Sweeney
Founding year: 1991
Total equity funding raised: $6.4B
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (New York Tech, London Tech, LA Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the business community and beyond. Learn more about how a digital campaign will return your investment here.
