The mega tech funding rounds of December 2021 you should know about

mega funding tech rounds of December 2021

This year, global venture capital funding has shattered records with already-hot sectors such as fintech, cybersecurity, online delivery, and healthtech getting hotter. Also, there is a surge in the investment inflow into startups operating in the climate tech, alternative proteins and cultured meat industries as these have attracted big bucks.

In the first half of 2021, the global VC investments accounted for a record-breaking $288 billion, notes Crunchbase. In comparison, this number is much higher than the investments in the previous half-year period, which is the second half of 2020 that was $110 billion.

Now, as we mark the final countdown to this year, the investors have almost ceased pumping funds as ambitious as it is time to be merry now. Here, TFN has listed the biggest funding rounds of December 2021 that we have missed.

Gopuff
Image credits: Gopuff

Gopuff (US)

Founders: Rafael Ilishayev, Yakir Gola
Founded year: 2013
Total funding: $4.8B

Philadelphia-based on-demand delivery services for grocery and food, Gopuff, delivers snacks, drinks & alcohol, frozen foods, and household essentials. It provides orders placed by users within 15 minutes from its local micro-fulfilment centre. Users can earn PuffPoints, which can be redeemed for prizes.

The fast-growing food delivery startup closed a $1.5 billion funding round, taking its valuation to $40 billion. The investment round was led by Guggenheim Partners and will be used to expand its network of micro fulfillment centres.

Svolt
Image credits: Svolt

Svolt (China)

CEO: Yang Hongxin
Founded year: 2016
Total funding: $2.9B

A high-tech energy company Svolt, specialises in energy technology, including electric vehicle battery (EVB) materials, cells, modules, PACK, BMS, an energy storage system (ESS), and solar energy R&D and manufacturing.

In a Series B+ round, the Chinese electric vehicle battery maker Svolt raised RMB 6 billion (nearly $942 million) in a Series B+ round. The investment came from Sichuan Energy Investment Group and private equity firm CDH Investments. The proceeds of the round will be used to accelerate new product development and expand capacity in eastern Changzhou city.

CARS24
Image credits: CARS24

Clikalia (Spain)

Founder: Pablo Fernandez, Alister Moreno
Founded year: 2017
Total funding: NA

Clikalia aims to digitise the real estate sector as an instant property buyer in Spain. The company significantly reduces the time it takes to sell a property and makes an offer in just 24 hours. If accepted, it will buy the property in seven days. With technology and big data, Clikalia improves and digitises processes and resells homes within 120 days after making them more sustainable and energy-efficient.

The proptech secured $518 million in debt and equity, which is among the largest venture capital rounds raised in Spain to date. Los Angeles-based Fifth Wall led the equity financing of $70 million along with Luxor Capital and Mouro Capital. Also, Deutsche Bank provided $450 million in debt financing.

CARS24
Image credits: CARS24

CARS24 (India)

Founders: Gajendra Jangid, Mehul Agrawal, Ruchit Agarwal, Vikram Chopra
Founded year: 2015
Total funding: $951M

CARS24 offers a tech-enabled marketplace for buying and selling pre-owned cars. It aims to revolutionise the way used cars are sold by creating an efficient and reliable way for car owners to sell their used cars at a reasonable price. The company uses AI-enabled pricing algorithm to display the accurate market price and appraisal.

Recently, CARS24 raised $400 million comprising $300 million in equity and $100 million in debt. The round doubled the valuation of the company to $3.3 billion. Alpha Wave Global led the investment along with participation from other existing investors such as DST Global, SoftBank Vision Fund 2, Alibaba, Tencent, and others.

Kurly
Image credits: Kurly

Kurly (South Korea)

Founders: Sophie Kim
Founded year: 2015
Total funding: $673M

Female-founded Kurly is an online premium grocery service that compares quality and price when looking for good ingredients for foreign goodies. The food delivery and logistics platform lets users order food via the website and receive it the following morning.

The Korean online grocery startup Kurly closed $210 million in a pre-IPO round. The investment came from a Hong Kong-based private equity firm, Anchor Equity Partners. It values the company at $3.3 billion.

Rec Room
Image credits: Rec Room

Rec Room (US)

Founders: Dan Kroymann, Josh Wehrly, Nick Fajt
Founded year: 2016
Total funding: $294M

Headquartered in Seattle, Rec Room is an augmented and virtual reality software company that operates in the technology industry. They share a passion for VR, AR, social, and multiplayer experiences.

Recently, Rec Room secured $145 million in new funding led by Coatue Management. Even existing investors Sequoia Capital, Index Ventures and Madrona Venture Group participated in the round, which valued it at $3.5 billion. The funds will be used to continue building out its tools and audience of gamers.

Ola
Image credits: Ola

Ola (India)

Founders: Ankit Bhati, Bhavish Aggarwal
Founded year: 2010
Total funding: $3.8B

Bangalore-based Ola operates an app that lets its customers book a range of cabs, bikes, and shuttle buses. The ride-hailing app lets customers book city taxi, outstation travel, car rental, and corporate travel services.

This month, Ola bagged $139 million from Hero Enterprise IIF, Edelweiss, Siddhant Partners, Tejal Mercantile and others. Also, the company is now valued at $7.3 billion. Post this, the mobility unicorn bagged $500 million through a Term Loan B (TLB) from international investors as it prepares for its IPO.

HungryPanda
Image credits: HungryPanda

HungryPanda (UK)

Founders: Eric Liu
Founded year: 2016
Total funding: $220M

London-based HungryPanda is a specialist food delivery platform providing authentic Chinese food and groceries. It operates in over 60 major cities across the UK, France, Australia, New Zealand, the US, Canada and so on,

The global Asian food delivery company, secured $130 million in a Series D funding, which was led by Perwyn, alongside Kinnevik, 83North, Felix Capital, Piton Capital, Vintage, Burda Principal Investments and Kreos Capital. The company will use the funds to further enhance its business globally and pursue strategic acquisition opportunities.

Veho
Image credits: Veho

Veho (US)

Founders: Fredrick Cook
Founded year: 2016

Total funding: $125M

Colorado-headquartered Veho is an end-to-end parcel delivery carrier for e-commerce companies. The company uses next-generation technology and final mile crowdsourcing.

Now, Veho just announced a $125 million investment in a Series A funding that valued the company at $1 billion. General Catalyst led the round alongside Construct Capital, Rachel Holt, Bling Capital, Industry Ventures, Fontinalis Partners and Origin Ventures.

Tackle
Image credits: Tackle

Tackle (US)

Founders: Brian Denker, Dillon Woods
Founded year: 2016
Total funding: NA

Idaho, Boston-based Tackle.io helps software companies initiate revenue channels with the cloud marketplaces (AWS, Azure, GCP). Its platform simplifies the listing process and eliminates the need to dedicate engineers to learn and continually manage the technical aspects of the three cloud marketplaces.

The company picked up $100 million Series C funding in a round co-led by Coatue and Andreessen Horowitz. With this, the company has reached a valuation of $1.25 billion. The funds will be used to accelerate the execution of its product roadmap, scale its go-to-market teams and expand its global reach.

Leave a Reply

Your email address will not be published.

Related Posts
Total
0
Share

Get daily funding news briefings in the tech world delivered right to your inbox.

Enter Your Email
join our newsletter. thank you