August 2021 Venture Growth Funding Recap

Written By Dave Lavinsky
Raising Capital Funding

Growthink Capital Research tracked $9.2 billion in new venture funding in August 2021 down from $10 billion in July 2021. 

The month’s biggest funding event belonged to Eruditus, a company that provides executive education programs for mid-career professionals. 

Twenty-nine companies raised $100 million or more in August. Other than Eruditus, the 10 companies which raised the most are as follows::

  • Branch ($540 million) a deep linking technology that transforms how brands and users interact across digital platforms.
  • DriveWealth ($450 million) a financial technology system that provides embedded finance and API-driven brokerage infrastructure. 
  • Rapyd ($300 million) a digital fintech-as-a-service platform designed to order cash, exchange extra foreign currency and send cash to friends.
  • Sonoma Biotherapeutics ($265 million) a T cell therapeutics developer to cure autoimmune and degenerative diseases. 
  • Sightline Payments ($244 million) an electronic payments and mobile application development services that helps gaming industries move towards a cashless system. 
  • OwnBackup ($240 million) a cloud data protection platform that prevents and manages data loss and corruption crises. 
  • Form Energy ($240 million) a sodium-based energy storage system for renewable energy projects.
  • Talkdesk ($230 million) a cloud-based call center software that helps growing businesses improve customer satisfaction while reducing costs. 
  • Reify Health ($220 million) a cloud-based healthcare software that helps accelerate the development of new, life-saving therapies. 
  • FalconX ($210 million) a digital asset trading platform that provides clients reliable execution using data science. 

The hottest sectors for funding during the month were A.I./Machine Learning, FinTech, MarTech, BioTech, and Cryptocurrency/Blockchain.

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

  1. A.I./Machine Learning deals included Overjet ($27 million), Sayata ($17 million), Vannevar Labs ($12 million), Cribl ($200 million), ($16 million), Urbint ($60 million), ($52.5 million), Balto ($38 million), Osaro ($30 million), ($34 million), Element5 ($15 million), Talkdesk ($230 million), ($100 million), Snorkel AI ($85 million), Zeni ($34 million), ZeroEyes ($21 million) and ($78.2 million).
  2. FinTech deals included DriveWealth ($450 million), One ($40 million), Sightline Payments ($244 million), Aria Systems ($90 million), Klover ($60 million), Pave ($46 million), Carputty ($7.2 million), Octane Lending ($52 million), Rapyd ($300 million) and Catch ($12 million).
  3. MarTech deals included Nacelle ($50 million), Callvu ($8 million), Branch ($540 million), Correlated ($8.3 million), Mindtickle ($100 million), FullStory ($103 million), Wildfire Systems ($15 million) and MakerSights ($25 million).
  4. BioTech deals included Elixiron Immunotherapeutics ($27 million), Immunitas Therapeutics ($58 million), Vigil Neuroscience ($90 million), Sydnexis ($45 million), Sonoma Biotherapeutics ($265 million), Engrail Therapeutics ($32 million) and SeQure Dx ($17.5 million).
  5. Cryptocurrency/Blockchain deals included TrustLayer ($15 million), TaxBit ($130 million), Champ Titles ($8.5 million), FalconX ($210 million), Messari ($21 million) and Onramp Invest ($6 million).

If you’re looking for outside funding to grow your company, please don’t hesitate to call us at (213) 927-3968 or fill out Growthink Capital’s contact form here.

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