Across industries, verticals and stages, more than a thousand venture capital startups received funding in August 2020. The companies highlighted below operate across multiple industry verticals and emerging spaces, including real estate tech, mobility tech and agtech. From San Francisco to San Diego and Beijing to Guangzhou, these startups stretch across the globe.
According to PitchBook data as of September 2, 2020, these are the most-funded venture capital startups from August 2020. Funding totals are subject to change after this article’s publish date.
Gong
Last financing: $200 million
Deal type: Late-stage VC, Series D
HQ: San Francisco, California
Revenue intelligence platform Gong leverages artificial intelligence to go beyond traditional CRM to transform revenue streams. The company’s patented intelligence platform captures and understands every customer interaction, delivering insight at scale and empowering revenue teams to make decisions based on data—not opinions. The company raised $200 million of Series D venture funding in a deal led by Coatue Management on August 12, 2020.
Several other startups, including Grab, Impossible Foods and Robinhood, also received $200 million funding rounds last month.
Shuidi
Last financing: $230 million
Deal type: Late-stage VC, Series D
HQ: Beijing, China
Shuidi is a healthcare crowdfunding platform that reduces the financial burden of those afflicted with injury or disease. The company’s medical expense crowdfunding platform helps raise capital from users’ membership fees for patients who are unable to pay medical bills resulting from unexpected illness and accidents. The startup raised $230 million of Series D venture funding in a deal led by Swiss Re Group on August 11, 2020.
See our Shuidi profile preview.
HMD Global
Last financing: $230 million
Deal type: Early-stage VC, Series A2
HQ: Espoo, Finland
HMD Global is the designer and seller of Nokia-branded devices. The company designs and distributes Nokia mobile phones and other devices engineered to create opportunities for global communication through research and development. The company raised $230 million of Series A2 funding from GV, Qualcomm Ventures and Nokia on August 11, 2020.
See our HMD global profile preview.
Erasca
Last financing: $236 million
Deal type: Late-stage VC, Series B
HQ: San Diego, California
Erasca is the developer of oncology drugs that intend to provide precision oncology options. The company’s drugs are being developed through multiple discovery programs for undisclosed targets that are biological drivers of cancer. The company raised $236 million of Series B funding in a deal led by Terra Magnum Capital Partners, ARCH Venture Partners and Cormorant Asset Management on August 31, 2020.
See our Erasca profile preview.
Farmers Business Network
Last financing: $250 million
Deal type: Late-stage VC, Series F
HQ: San Carlos, California
Farmers Business Network is the provider of a farmer-to-farmer agronomic information network that helps farmers manage their data and gain insights from each other. The company’s platform predominantly collects data extracted from farm equipment, as well as from manually recorded data from farmers, to offer insights in areas like seed selection, productivity comparison and field performance benchmarks over time. The startup raised $250 million through a combination of debt, Series F and Series F1 venture funding in a deal led by Blackrock Innovation Capital Group on August 3, 2020.
See our Farmers Business Network profile preview.
Freenome
Last financing: $270 million
Deal type: Late-stage VC, Series C
HQ: San Francisco, California
Freenome is the developer of a multiomics platform designed to detect cancer through a routine blood draw. The company’s platform uses a proprietary algorithm to reinvent disease management through systematized early detection and intervention, enabling doctors to treat cancer and other diseases at manageable stages. The company raised $270 million of Series C venture funding in a deal co-led by Bain Capital and Perceptive Advisors on August 26, 2020.
See our Sana Freenome profile preview.
ChargePoint
Last financing: $367 million
Deal type: Late-stage VC, Series H
HQ: Campbell, California
ChargePoint is the developer of an electric vehicle charging network designed to transform transportation and energy use by helping people choose to drive electric. The company’s charging network makes it easy for drivers to chair their electric vehicles anywhere and provides independently owned charging spots that are easy for drivers to find and use at home, offices and outdoors. The startup raised $367 million of Series H funding in a deal led by Quantum Energy Partners on August 5, 2020.
See our ChargePoint profile preview.
JD Health
Last financing: $830 million
Deal type: Early-stage VC, Series B
HQ: Beijing, China
JD Health operates an e-commerce platform designed to offer pharmaceutical products. The company is a subsidiary of JD Group and mainly focuses on health-related business. It provides users with medical solutions combining data and technology through four major business segments—pharmaceutical retail, pharmaceutical wholesale, online medical services and healthy community. The startup raised $830 million of Series B venture funding from Hillhouse Capital Group on August 18, 2020.
See our JD Health profile preview.
SpaceX
Last financing: $1.9 billion
Deal type: Late-stage VC
HQ: Hawthorne, California
Elon Musk’s SpaceX produces space transport vehicles for cargo resupply missions, enabling the space industry with reusable launch vehicles capable of carrying humans to Mars and other destinations in the solar system. It raised $1.9 billion of venture funding from TrueBridge Capital Partners on August 18, 2020.
See our SpaceX profile preview.
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