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This is a weekly feature that runs down the week’s top 10 announced funding rounds in the U.S. Check out last week’s biggest funding rounds here.
This week was a productive period for fintech funding, with two companies in the space — and — pulling in the largest rounds. In addition, we also saw sizable financings for companies in a range of other industries, including micromobility, drug discovery and green steel.
1. , $820M, fintech: iCapital, a fintech platform for alternative investments and investors, raised more than $820 million in a funding round that took its valuation to over $7.5 billion. and accounts advised by co-led the financing for the New York-based company.
2. , $250M, fintech: Bilt Rewards, a rewards program for home renters to use with local merchants, raised $250 million in a venture round led by and . The financing sets a $10.75 billion valuation for the New York-based company.
3. , $200M, micromobility: Also, a micromobility startup spun out of , raised a reported $200 million in a new financing led by at a $1 billion valuation. The Palo Alto, California-based company is developing small EVs, with an initial product launch anticipated next year.
3. , $187M, spacetech and drug discovery: El Segundo, California-based Varda, a self-described “microgravity-enabled life sciences company,” raised $187 million in a Series C led by and . The company bases its research on the finding that materials including active pharmaceutical ingredients crystallize differently in space, enabling novel drug formulations.
4. , $150M, equipment maintenance: MaintainX, which operates an equipment maintenance and asset management platform, raised $150 million in a Series D backed by a long list of investors including and . The financing boosted the San Francisco-based startup’s valuation to $2.5 billion.
5. , $100M, AI: Harmonic, a developer of AI mathematical reasoning models, a $100 million Series B financing led by . The round brings total funding to date for the 2-year-old, Palo Alto, California-based company to $175 million, per .
6. , $56M, neurostimulation: Neuros Medical, developer of an electrical nerve stimulation system used to treat chronic post-amputation pain, raised $56 million in a Series D round. led the financing for the Aliso Viejo, California-based company.
7. , $55M, vehicle repair: Los Gatos, California-based ServiceUp, developer of a platform for fleet operators to manage repairs and maintenance, raised $55 million in a Series B round led by .
8. , $54.5M, biopharma: Renasant Bio launched with $54.5 million in seed funding to develop treatments for autosomal dominant polycystic kidney disease. led the financing for the Berkeley, California-based startup.
9. (tied) , $51M, green steel: Green steel maker Boston Metal that it raised $51 million in a convertible note investment from existing investors including , , and . The funds will be used in part for a metals plant in Brazil, slated to come online next year.
9.(tied) , $51M, enterprise software: Redwood City, California-based Spacelift, developer of an infrastructure orchestration platform for enterprises, raised $51 million in Series C funding led by with participation from and .
Methodology
We tracked the largest announced rounds in the SAʴý database that were raised by U.S.-based companies for the seven-day period of July 4-11. Although most announced rounds are represented in the database, there could be a small time lag as some rounds are reported late in the week.
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