April 2022 Venture Growth Funding Recap

april VC funding report

Growthink Capital Research tracked $10.8 billion in new venture funding in April 2022 up from $10.7 billion in March 2022. 

The month’s biggest funding event belonged to Securonix ($1 billion) a cloud-based big data security insights platform that transforms security management with risk intelligence.

Thirty-one companies raised $100 million or more in April. Other than Securonix, the 10 companies which raised the most are as follows:

  1. The Boring Company ($675 million) a tunnel boring service that enables users to find cheap and fast means of transportation as well as reduce traffic congestion.
  2. Upside Foods ($400 million) a seller of real meat products that brings delicious and healthy meat to the table by harvesting it from cells, not animals, that allows consumers to enjoy meat products that are clean and free from harmful chemicals.
  3. Circle ($400 million) a cryptocurrency-focused financial technology that sends, receives and invests in cryptocurrency assets around the world.
  4. Crusoe Energy Systems ($350 million) a mobile modular data center eliminates routine flaring of natural gas and reduces the cost of cloud computing.
  5. Biofourmis ($300 million) a health analytics platform that analyzes physiology data from clinical-grade wearables that detect personalized patterns and predict clinical exacerbation in advance of a critical event.
  6. Tessera Therapeutics ($300 million) a gene writing technology that permanently makes small and large alterations to the human genome to cure diseases at their source.
  7. Remote ($300 million) a recruiting platform that helps companies of all sizes to hire top talent from all over the world.
  8. Fetch Rewards ($240 million) a mobile savings and gift card earning application that rewards shoppers and grocers for the purchases they already made.
  9. Harness ($230 million) a delivery-as-a-service platform that simplifies the software delivery process which allows software engineers to save time by automating the scripting process.
  10. Reify Health ($220 million) a cloud-based healthcare software that helps accelerate the development of new, life-saving therapies.

The hottest sectors for funding during the month were A.I./Machine Learning, HealthTech, Biotech, Cryptocurrency/Blockchain, and Cybersecurity.

Key funding events in each of these sectors for the month are below:

  1. A.I./Machine Learning deals included Biofourmis ($300 million), Harness ($230 million), Observe.AI ($125 million), Sense ($105 million), CertiK ($88 million), Replicant ($78 million), Built Robotics ($64 million), CertiK ($60 million), Lilt ($55 million), Unlearn ($50 million), ComboCurve ($50 million), Jobox.ai ($42 million), Mendel ($40 million), FundGuard ($40 million), Conversica ($25 million), Raptor Maps ($22 million), Baseten ($20 million), Hour One ($20 million), Eleos Health ($20 million), VideaHealth ($20 million), Noogata ($16 million), Loris ($12 million), and Instoried ($10 million).
  2. HealthTech deals included Reify Health ($220 million), Clarify Health ($150 million), NexHealth ($125 million), Viz.ai ($100 million), Vytalize Health ($50 million), MedTrainer ($43 million), Concert Health ($42 million), Syllable ($40 million), Iris Telehealth ($40 million), Real ($37 million), 9am.health ($16 million), ProofPilot ($12 million), Forge Health ($11 million), and Reema Health ($8 million).
  3. Biotech deals included Tessera Therapeutics ($300 million), Octant ($80 million), Pheast Therapeutics ($76 million), Ashvattha Therapeutics ($69 million), Ansa Biotechnologies ($68 million), Ansa Biotechnologies ($68 million), Kelonia Therapeutics ($50 million), and Surf Bio ($16 million).
  4. Cryptocurrency/Blockchain deals included Circle ($400 million), 0x Labs ($70 million), Fractal ($35 million), DoControl ($30 million), Delta One ($9 million), and GamerGains ($5.8 million).
  5. Cybersecurity deals included Securonix ($1 billion), Fortress Information Security ($125 million), Veza ($110 million), ThreatLocker ($100 million), Strider Technologies ($45 million), and Nudge Security ($7 million).

Take our Fundability Test. If you had additional capital, could you use it to grow your company? Or to fund a liquidity event for you and your shareholders?

We’ve built a unique network of 783 private equity firms, family offices, and ultra-high net worth individuals. Who are looking to invest in companies that they find to be fundable.

To see if your company qualifies, take our quick “Fundability Test.” 

Companies that score 85 or higher on the test almost always qualify. Do you? Take our “Fundability Test” now to find out. 

 

To Your Success,

Growthink Capital Research

[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]