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The Week鈥檚 10 Biggest Funding Rounds: Commonwealth Fusion Systems Powers Up With Gigantic $1.8B-plus Raise, MoonPay Hits Unicorn Status

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


We took last week off for the Thanksgiving holiday, so let鈥檚 recap the largest 10 rounds of the past two weeks. Those weeks were busy for 鈥攁s have most weeks this year鈥攁s the firm led the two largest rounds of the past 14 days, which includes a monster $1.8 billion-plus Series B for a nuclear-fusion startup.

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1. , $1.8B-plus, energy: Cambridge, Massachusetts-based Commonwealth Fusion Systems powered up with a huge Series B of more than $1.8 billion to commercialize fusion energy. The company said the new cash will be used to build and operate the world’s first 鈥渃ommercially relevant鈥 net energy fusion machine and the first commercial fusion power plant. The round marks the largest for any nuclear fusion startup鈥攁ll of which are vying to create carbon-free energy. While Tiger Global led the round, it also included investment from big names such as and . In total, the company listed more than two dozen investors in the new round鈥攕o it seems there was significant interest.

2.听, $555M, crypto: Lately, it鈥檚 rare one of the top 10 rounds of the week does not include a crypto company and this week鈥檚 list is no different with two in the top five. Miami-based MoonPay became the latest unicorn in the space after raising a $555 million Series A鈥攜es, a Series A鈥攍ed by Tiger Global and . The round gives the crypto payments infrastructure provider a post-money valuation of $3.4 billion. MoonPay鈥檚 platform helps support more than 250 wallets, websites and applications, and has processed more than $2 billion in transactions, according to the company.

3.听, $500M, food tech: The plant-based meat company has proven nothing is impossible when it comes to fundraising, as it has now raised more than $2 billion since being founded in 2011. The Redwood City, California-based company raised approximately $500 million in its latest round led by existing investor . The new round will be used to continue the company鈥檚 retail growth and expand its product portfolio, technology platforms and geographical reach.

4.听, $400M, crypto: The second crypto company in the top five is New York-based Fireblocks, which raised a $400 million Series E round that included participation from at a valuation of $8 billion, . The new round comes just about four months after the security-focused crypto company closed a $310 million Series D聽at a $2 billion valuation鈥攊llustrating crypto-security still remains on fire with investors.

5.听, $325M, e-commerce: New York-based e-commerce brand incubator Benitago Group became the latest Amazon aggregator to raise a big round. The company closed a $325 million Series A led by . This round is just the latest in a space that has seen more than a dozen gigantic rounds this year, including San Francisco-based raising a $555 million Series C last month that reportedly valued the company at more than $1 billion, and Massachusetts-based announcing the initial closing of a $1 billion Series D at a valuation of between $5 billion and $10 billion in September.

6 (tied).聽, $300M, cybersecurity: Palo Alto, California-based Armis Security, one of the largest companies in IoT security, closed a $300 million private equity round鈥攏ine months after it raised $150 million鈥攍ed by at a $3.4 billion valuation.

6 (tied).聽, $300M, marketing: Dallas-based LTK, an influencer marketing platform, closed a $300 million investment by 2 valuing the company at $2 billion.

6 (tied).聽, $300M, augmented reality: San Francisco-based AR platform Niantic raised a $300 million investment from at a valuation of $9 billion.

9.听, $260M, delivery: New York-based instant-delivery company JOKR raised a $260 million Series B that values the company at $1.2 billion just eight months after launching. The round comes just five months after raising a $170 million Series A led by , and Tiger Global鈥攁ll of which participated in the new round.

10. , $250M, delivery: San Francisco-based , a provider of fast online order fulfillment for merchants, raised $250 million in a Series E round led by new investor Tiger Global.聽The funding gives Deliverr a $2 billion valuation鈥攎ore than double its value after its last funding round in March.

Big global deals

Even with the large rounds in the U.S. through the past couple weeks, some companies outside the country saw rounds of a half-billion dollars or more.

  • India-based , a fantasy sports platform, closed an $840 million private equity round.
  • Madrid-based , an online staffing marketplace for finding gig-type jobs, closed a $500 million Series E.

Methodology

We tracked the largest rounds in the SA国际传媒 database that were raised by U.S.-based companies for the 14-day period of Nov. 20 to Dec. 3. 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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