The most-funded VC companies in January 2020

Across industries, verticals and stages, more than 950 VC companies received funding during the first month of the new decade. Of those, the top ten include two aerospace companies, an electric vehicle sharing platform and a company offering flexible access to gyms and workout classes—and more than half are California-based. According to PitchBook, these are the most-funded venture capital startups from January 2020:

10. Tradeshift

Last financing: $240 million
Deal type: Late-stage VC
HQ: San Francisco, California

Tradeshift is the developer of a financial platform that facilitates trade transactions. The company’s platform allows clients to connect with their suppliers digitally to seize early payment discounts and minimize risks to simplify supply chain payments. Tradeshift closed an estimated $160 million of a planned $240 million venture funding in the form of equity and debt from Gray Swan and other investors on January 14, 2020.

See our Tradeshift profile preview.

9. AvidXchange

Last financing: $260 million
Deal type: Late-stage VC
HQ: Charlotte, North Carolina

AvidXchange’s automated invoice and payment processing platform was designed to provide accounts payable and on-demand invoice management services. The company’s platform accelerates approvals, reduces processing costs and eliminates paper with more transparency into control and spending. AvidXchange raised $260 million of venture funding from TPG Sixth Street Partners on January 17, 2020.

See our AvidXchange profile preview.

8. Berkshire Grey

Last financing: $263 million
Deal type: Late-stage VC, Series B2-B3
HQ: Lexington, Massachusetts

Berkshire Grey’s materials handling systems automate omni-channel fulfillment for retailers, ecommerce and logistics enterprises. The company’s system utilizes AI, ML, computer vision and novel sensing to deploy robotic systems that automate tasks that are performed by machines in commercial settings. Berkshire Grey received $263 million through the combination of Series B2 and Series B3 venture funding in a deal led by SoftBank Group on January 21, 2020.

See our Berkshire Grey profile preview.

7. ClassPass

Last financing: $285 million
Deal type: Late-stage VC, Series E
HQ: New York, New York

ClassPass is the world’s most flexible network of fitness and wellness experiences. Members get access to 30,000+ exercise studios that offer everything from yoga and cycling to boxing. ClassPass raised $285 million of Series E venture funding in a deal led by L Catterton and Apax Partners on January 8, 2020.

See our ClassPass profile preview.

6. Byju’s

Last financing: $300 million
Deal type: Late-stage VC
HQ: Bengaluru, India

Byju’s is an online learning platform that delivers high-quality, engaging and accessible education. The company’s platform makes use of original content, watch-and-learn videos, rich animations, and interactive simulations that make learning contextual, visual, and practical. Byju’s raised $300 million of venture funding in a deal led by Tiger Global Management on January 9, 2020.

See our Byju's profile preview.

5. SpaceX

Last financing: $314.15 million
Deal type: Late-stage VC
HQ: Hawthorne, California

SpaceX is the designer and manufacturer of aerospace and transport services intended to reduce space transportation costs and enable the colonization of Mars. The company produces space transport vehicles for cargo resupply missions, arming the space industry with reusable launch vehicles capable of carrying humans to Mars and elsewhere. SpaceX raised $314.15 million of venture funding from #adm Ventures and Ontario Teachers’ Pension Plan as part of Series L on January 3, 2020.

See our SpaceX profile preview.

4. Bird Rides

Last financing: $350 million
Deal type: Late-stage VC, Series D
HQ: Santa Monica, California

Bird Rides developed a vehicle sharing platform that provides affordable transportation to communities across the world. The company’s platform coordinates with cities to provide people with shared personal electric vehicles that can be picked up and dropped off anywhere. Bird Rides raised $350 million of Series D venture funding in a deal led by Caisse de dépôt et placement du Québec and Sequoia Capital on January 27, 2020.

See our Bird Rides profile preview.

3. Quibi

Last financing: $400 million
Deal type: Early Stage VC
HQ: Los Angeles, California

Quibi is a short-form mobile video platform that offers fresh, mobile-streaming content. The company’s platform offers a premium lineup of original, short-form series comprised of brief episodes, as well as different subscription channels. Quibi raised $400 million of venture funding from undisclosed investors on January 8, 2020.

See our Quibi profile preview.

2. Joby Aviation

Last financing: $590 million
Deal type: Late-stage VC, Series C
HQ: Santa Cruz, California

Joby Aviation is an aerospace company and developer of vertical-take-off-and-landing (VTOL) personal air vehicles designed for air taxi services. (Air taxis are an emerging space that’s tracked in the PitchBook Platform.) The company provides airframe design, fabrication, aerodynamic analysis and electric motor design. Joby Aviation raised $590 million of Series C venture funding in a deal led by Toyota Motor on January 15, 2020.

See our Joby Aviation profile preview.

1. Generate Capital

Last financing: $653.38 million
Deal type: Early Stage VC
HQ: San Francisco, California

Founded in 2014, Generate Capital is a financial services company that provides debt or equity capital to help its partners deploy sustainable infrastructure. Specifically, the company builds, owns, operates, and finances assets in sustainable energy, mobility, and water. Generate Capital raised $653.38 million of venture funding from undisclosed investors on January 14, 2020.

See our Generate Capital profile preview.

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*data as of 2/5/2020