December 2021 Growth Funding Recap

december venture funding report

Growthink Capital Research tracked $11.3 billion in new venture funding in December 2021 down from $14.3 billion in November 2021. 

The month’s biggest funding event belonged to Commonwealth Fusion, ($1.8 billion) an energy research company that combines proven physics with magnet technology to accelerate the path to commercial fusion energy.

27 companies raised $100 million or more in December. Other than Commonwealth Fusion, the 10 companies which raised the most are as follows:

  1. NYDIG ($1.0 billion) an asset management firm that provides custody, execution, and financing solutions to help investors, banks and fintech companies realize the full potential of Bitcoin.
  2. Airtable ($735 million) an all-in-one collaboration platform that democratizes software creation by enabling anyone to build the tools that meet their needs.
  3. Genesys ($580 million) an enterprise and customer engagement software for organizations to deliver proactive, predictive and hyper-personalized experiences.
  4. YipitData ($475 million) a leading market research firm for the disruptive economy that analyzes billions of data points every day to provide accurate, detailed insights on ridesharing, e-commerce marketplaces, payments and more.
  5. Claroty ($400 million) an industrial cybersecurity platform that assists organizations with highly automated production sites and factories that face significant security and financial risk.
  6. Course Hero ($380 million) an online learning platform that provides students with access to course-specific study resources.
  7. Sigma Computing ($300 million) a cloud data warehouse analytics software that analyzes complex databases.
  8. Freenome ($300 million) a multi-omics platform that detects cancer through a routine blood draw.
  9. Cockroach Labs ($278 million) an open-source database platform that builds global, scalable cloud services that can survive disasters.
  10. inCode ($220 million) an end-to-end omnichannel identity platform that offers a frictionless customer experience at every point of contact with a consistent level of security across multiple channels.

The hottest sectors for funding during the month were Biotech, Cybersecurity, A.I./Machine Learning, Martech, and Supply Chain Tech.

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

  1. Biotech deals included Freenome ($300 million), Verge Genomics ($98 million), Curie Therapeutics ($75 million), OncoMyx ($50 million), Ambys Medicines ($47 million), Sorriso Pharmaceuticals ($31 million), VLP Therapeutics ($21 million), X-Therma ($13 million), OncoPep ($11 million), Nabla Bio ($11 million), Curi Bio ($10 million), and Good Therapeutics ($8 million).
  2. Cybersecurity deals included Claroty ($400 million), inCode ($220 million), Noname Security ($135 million), Panther Labs ($120 million), Dazz ($60 million), Cycode ($56 million), Torq ($50 million), Privoro ($30 million), Adlumin ($25 million), Blue Lava ($25 million), and Zorus ($9 million).
  3. A.I./Machine Learning deals included Dialpad ($170 million), perscience ($100 million), Forethought ($65 million), Overjet ($42.5 million), Edge Impulse ($34 million), Focal Systems ($26 million), Connect the Dots ($15 million), Datasembly ($7 million), and Wispr AI ($4.6 million).
  4. Martech deals included Genesys ($580 million), Mavrck ($120 million), Engage3 ($35 million), SpotHopper ($14 million), Nailbiter ($13.3 million), and Mperativ ($6 million).
  5. Supply Chain Tech deals included Veho ($125 million), KlearNow ($50 million), Dray Alliance ($40 million), Nuvocargo ($20 million), and Gooten ($15 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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