SA国际传媒

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This is a weekly feature that runs down the week鈥檚 top 10 announced funding rounds in the U.S. Check out last week鈥檚 biggest funding rounds here.

A rather odd week in venture, as the biggest rounds were raised by greentech, business travel and charity startups. Of course, biotech and fintech were in there too.

1. (tied) , $200M, biotech: The big biotech raise this week went to Ser谩n Bioscience. The Bend, Oregon-based startup, which provides development and manufacturing services to pharmaceutical and biotechnology companies, raised a $200 million-plus round led by . The startup plans to use the new funding to help build out its new commercial-scale manufacturing facility for drug delivery and other services. Founded in 2016, this is the company鈥檚 first round with a disclosed amount, .

1. (tied) , $200M, greentech: Carbon transformation startup Twelve locked up a lot of cash this week, including a $200 million Series C led by , and . However, that wasn鈥檛 the only money the Berkeley, California-based company saw, as it also raised $400 million in project equity led by and $45 million in credit facilities. The cash will be聽 used to help complete AirPlant One, the company鈥檚 first sustainable aviation fuel聽 plant. Founded in 2015, the company has raised nearly $890 million, .

3. , $140M, business travel: Engine, formerly Hotel Engine, booked a $140 million Series C led by a fund advised by private equity firm that values the Denver-based startup at $2.1 billion. The new valuation represents a 62% jump from its previous $1.3 billion value after a $65 million Series B in late 2021. That increase is no small feat considering many startups are still raising money in flat or even down rounds from their sky-high valuations during the record venture market of 2020 and 2021. It also shows the continued bounce back of business travel 鈥� one of the sectors most greatly affected by the COVID pandemic and one that has taken time to eventually return. Engine is profitable and is growing its revenue 70% year over year. The company will use the fresh capital to support product development, including the launch of flight and rental car bookings to its platform. The company also announced it will rebrand to 鈥淓ngine.鈥� Founded in 2015, Engine has raised $221 million, .

4. , $130M, fintech: AtoB, providing payment solutions for the transportation industry, raised a $130 million Series C led by and . The round was a mix of equity and debt funding. The San Francisco-based company provides drivers and fleet operators with financial products such as fleet cards, instant direct-deposit payroll, and access to bank accounts and savings tools. Founded in 2019, the company has raised $312 million, .

5. , $100M, charity: Phoenix-based Virtuous, a fundraising software company for nonprofits, raised a $100 million round led by . The company鈥檚 platform gives users tools specifically designed to build more personal relationships with donors 鈥� thus raising more money. Founded in 2014, the company has raised nearly $156 million, .

6. , $80M, internet: Boulder, Colorado-based Vero Networks, a fiber infrastructure operator and broadband internet provider, completed an $80 million preferred equity financing led by and funds managed by . Founded in 2017, the company has raised $207 million, .

7. , $69M, greentech: New York-based Air Company, a carbon conversion technology company, raised a $69 million Series B led by . Founded in 2016, the company has raised $108 million, .

8. , $68M, biotech: South San Francisco, California-based Nura Bio, a biopharmaceutical company developing therapies for the treatment of debilitating neurological diseases, raised an additional $68 million for a Series A totaling more than $140 million. The new cash infusion was led by . Founded in 2018, this is the company鈥檚 only disclosed round, .

9. ,聽 $65M, biotech: Cambridge, Massachusetts-based GC Therapeutics, developing cell therapy-based medicines, completed a $65 million Series A led by . Founded in 2019, GC Therapeutics has raised $75 million, per the company.

10. , $45M, cybersecurity: San Francisco-based Picus Security, a security risk startup,聽 closed a $45 million growth investment round led by . Founded in 2013, Picus has raised $80 million, per the company.

Big global deals

The biggest deal of the week came from Asia.

• India-based , an edtech startup, raised a $210 million Series B at a $2.8 billion valuation.

Methodology

We tracked the largest announced rounds in the SA国际传媒 database that were raised by U.S.-based companies for the seven-day period of Sept. 14 to Sept. 20. 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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