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Above $100M: The most epic funding rounds in tech in April 2022

Epic funding rounds in april 2022

In the post-pandemic world, funding announcements are a beacon of hope for businesses worldwide. As per reports, in the first three months of 2022, global funding has dropped by 19% to $144 billion from the previous quarter. This is the largest quarter-over-quarter percentage decline in a decade. Despite the drop, the numbers are still high and the valuations are up.

However, it looks like the situation is changing in the second quarter as there are numerous big funding rounds in April. Notably, many tech companies all over the world, including OneFootball, Nord Security and Sweep have already witnessed mega funding rounds of $100 million or above in recent times.

Want to know which other companies raised the maximum funding in April 2022? Here’s a roundup of some winning tech startups and unicorns that got epic funding of over $100 million and deserve your attention.

Epic Games
Image credits: Epic Games

Epic Games (US)

Founder/s: Tim Sweeney, Mark Rein
Founded year: 1991
Total funding: $6.4B

Epic Games is an American video game and software developer and publisher based in Cary, North Carolina. Epic operates Fortnite, one of the world’s largest games with over 350 million accounts and 2.5 billion friend connections. It is a leading interactive entertainment company and provider of 3D engine technology.

Recently, Epic Games raised $2 billion from the existing investor Sony Group Corporation as well as KIRKBI, the family-owned holding and investment company behind The LEGO Group. Epic Games will use the funds to build the metaverse and create spaces for players to have fun and brands to build immersive and creative spaces.

Nubank
Image credits: Nubank

Nubank (Brazil)

Founder/s: David Velez, Edward Wible, Cristina Junqueira
Founded year: 2013
Total funding: $2.4B

Brazil’s Nubank, star fintech, offers consumers a no-fee credit card. It became Latin America’s most valuable listed bank with a valuation of $41.5 billion. Nubank offers credit cards in both Mexico and Colombia and operates under the name Nu. In Brazil, the fintech offers clients services including credit cards, savings accounts, investments, insurance and personal loans,

Nubank closed a $650 million investment from Morgan Stanley, Citigroup Inc, Goldman Sachs, and HSBC, the institutions that were underwriters of its initial (IPO) in late 2021. The funds will be used for the technology and product development, growth of its customer base and hiring.

Delivery Hero
Image credits: Delivery Hero

Delivery Hero (Germany)

Founder/s: Niklas Östberg; Kolja Hebenstreit; Lukasz Gadowski; Markus Fuhrmann
Founded year: 2011
Total funding: $1.8B

Berlin-based local delivery platform Delivery Hero is the world’s leading local delivery platform. Started as a food delivery service, the company now operates its own delivery platform in four continents. Also, it is pioneering quick commerce, the next generation of e-commerce, aiming to bring groceries and household goods to customers in 10 to 15 minutes.

Recently, Delivery Hero secured €1.4 billion in funding in the form of a loan, which is slated to bolster its strong liquidity position for the long term.

VerSe Innovation
Image credits: VerSe Innovation

VerSe Innovation (India)

Founder/s: Umang Bedi, Virendra Gupta
Founded year: 2007
Total funding: $1.6B

India-headquartered Verse Innovation, the parent company of DailyHunt, is a local language technology company that develops a discovery platform to consume and socialise with media. Its platform facilitates the curation of content and tracks user preferences through its vertical search and recommendation tools that provide users with personalised content and notifications.

VerSe Innovation bagged $805 million in a Series J funding round led by global investors, including Canada Pension Plan Investment Board, Ontario Teachers’ Pension Plan Board, Luxor Capital, Sumeru Ventures, and others. This round takes the valuation to $5 billion and will be used to solidify the company’s position as the country’s largest and fastest-growing AI-driven content platform for local languages.

Shein
Image credits: Shein

SHEIN (China)

Founder/s: Xiaoqing Ren, Yang Pei, Yangtian
Founded year: 2012
Total funding: $1.5B

A global online retailer with operations in China, Singapore, and Los Angeles, SHEIN delivers over 6,000 new fashion, beauty and lifestyle products daily and has a collection of over 600,000 items. Its mission is to help people express their individuality through the latest trends that are accessible and affordable.

The Nanjing-based fast fashion e-commerce platform raised $1 billion in funding, reaching a valuation of $100 billion. With this round, SHEIN became one of the world’s most valuable private companies. The round was led by General Atlantic, Tiger Global, IDG, and Sequoia, and will be used to quadruple the number of its Singapore employees to around 200 by the year’s end.

Udaan
Image credits: Udaan

Udaan (India)

Founder/s: Sujeet Kumar, Amod Malviya, Vaibhav Gupta
Founded year: 2016
Total funding: $1.4B

India’s largest business-to-business e-commerce platform that brings manufacturers, traders, retailers, and wholesalers into a single platform. The platform is about making business easy in India, about making B2B commerce convenient and efficient.

Recently, Udaan bagged $200 million through a convertible note. The oversubscribed round saw participation from existing investors.

Zhihu
Image credits: Zhihu

Zhihu (China)

Founder/s: Jixin Huang, Liang Zhang, Shenshen Li, Victor Zhou
Founded year: 2011
Total funding: $1.1B

A Chinese socialised website for questions and answers, Zhihu is different from usual online forums as it enables users to obtain information through questions that provoke the opinions and views from answerers as individuals.

A few weeks back, Zhihu raised $106 million in Hong Kong listing. Four existing shareholders led by Capital Today and Innovation Works, sold the stock for Zhihu’s Hong Kong listing.

Starling Bank
Image credits: Starling Bank

Starling Bank (UK)

Founder/s: Anne Boden
Founded year: 2014
Total funding: $1.1B

A London-based, female-led banking platform Starling Bank, is a fully licensed bank built to give people a fairer, smarter, and more human alternative to traditional banks. It offers four different account types, including personal, business, joint, euro, and child card. Starling’s world-class tech reimagines banking for life and puts the necessary tools that people need.

Last week, Starling Bank nabbed £130.5 million from its existing investor base. This round gave it a pre-money valuation of £2.5 billion and it will enable the company to continue its growth and build acquisitions.

Circle
Image credits: Circle

Circle (US)

Founder/s: Jeremy Allaire, Sean Neville
Founded year: 2013
Total funding: $1.1B

Circle is a global internet finance company built on blockchain technology and powered by crypto assets. It offers an online platform that enables users to send money quickly and easily. It expands its services with a crypto-currency investment product, Circle Invest, which enables anyone to buy and sell crypto assets. Also, it provides crypto-coins andoffer OTC trading services via Circle Trade.

The crypto-focused fintech from Boston firm agreed to a $400 million fundraising round. BlackRock, Inc., Fidelity Management and Research, Marshall Wace LLP, and Fin Capital made the investment.

ChargePoint
Image credits: ChargePoint

ChargePoint (US)

Founder/s: Dave Baxter, Harjinder S. Bhade, Milton T. Tormey, Praveen Mandal, Richard Lowenthal
Founded year: 2007
Total funding: $871M

Another US-based company listed here is ChargePoint, which brings electric vehicle (EV) charging to more people and places than ever before. The world’s leading EV charging network offers public charging stations, consumer subscription plans, and utility grid management technology for electric utility companies to smooth electric demands on the grid.

Recently, ChargePoint announced $300 million investment by funds managed or advised by Antara Capital LP in ChargePoint through the purchase of convertible senior notes to support its growth initiatives.

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