June 2022 Venture Growth Funding Recap

Written By Dave Lavinsky
vc funding june 2022

Growthink Capital Research tracked $8.7 billion in new venture funding in June 2022 up from $7.8 billion in May 2022. 

The month’s biggest funding event belonged to National Resilience ($625 million) an advanced biopharmaceutical manufacturing company that changes the way medicine is made.

Twenty-five companies raised $100 million or more in June. Other than National Resilience, the 10 companies which raised the most are as follows:

  1. Ultima Genomics ($600 million) a genome-scale sequencing technology that offers analytical services to enterprises.
  2. EcoVadis ($500 million) business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. 
  3. Shadowbox Studios ($500 million) a studio platform that provides blockbuster movie and television productions.
  4. OppZo ($260 million) an online financial platform that connects small businesses to public and private capital sources, enabling business owners to access funds within 24 hours.
  5. AlphaSense ($225 million) a web-based financial and company search engine that collects financially relevant data from various sources and then indexes them, making them searchable using Natural Language Queries.
  6. Knock ($220 million) an online real estate trading platform that simplifies real estate transactions and enables real estate agents and homeowners to buy and sell properties faster without a hassle.
  7. CoachHub ($200 million) an employee coaching software that provides personalized mentoring with live coaching sessions via video conferencing for employees of all career levels.
  8. Upstream Bio ($200 million) a biotech company that addresses allergic and inflammatory diseases. 
  9. Metropolis ($167 million) a computer vision-based operating system that modernizes parking and facilitates the future of mobility.
  10. Shield AI ($165 million) a drone technology that protects service members and civilians with artificially intelligent systems. 

The hottest sectors for funding during the month were A.I./Machine Learning, HealthTech, BioTech, Cybersecurity, and Business/Productivity Software.

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

  1. A.I./Machine Learning deals included AlphaSense ($225 million), Shield AI ($165 million), Gloat ($90 million), Evinced ($38 million), Alice Technologies ($30 million), Opaque Systems ($22 million), EnsoData ($20 million), Eppo ($19.5 million), Kogniz ($10 million), Neuron7.ai ($10 million), Massive Bio ($9 million), and Heyday ($6.5 million).
  2. HealthTech deals included National Resilience ($625 million), Bicycle Health ($50 million), Hint Health ($45 million), L7 Informatics ($38 million), Proscia ($37 million), Medallion ($35 million), Post Acute Analytics ($30 million), Moxe Health ($30 million), Florence Healthcare ($27 million), Rivet ($20.5 million), Regard ($15.3 million), and SamaCare ($12 million).
  3. BioTech deals included Upstream Bio ($200 million), Code Biotherapeutics ($75 million), Dren Bio ($65 million), Endpoint Health ($52 million), Epic Sciences ($43 million), Watchmaker Genomics ($40 million), Anagenex ($30 million), PineTree Therapeutics ($23.5 million), MyOme ($23 million), Nacuity Pharmaceuticals ($16.54 million), and Swing Therapeutics ($10.3 million).
  4. Cybersecurity deals included AppOmni ($70 million), JupiterOne ($70 million), Whistic ($35 million), Normalyze ($22 million), DefenseStorm ($15 million), Cerby ($12 million), Opal ($10 million), Inspectiv ($8.6 million), Trinsic ($8.5 million), and HackNotice ($7 million).
  5. Business/Productivity Software deals included Performio ($75 million), AirSlate ($52 million), Stellate ($30 million), Bardeen ($15.3 million), LaunchNotes ($15 million), and 443ID ($8 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?

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