Across industries, verticals and stages, more than 1,300 VC companies received funding in June 2020. The 10 companies highlighted below operate across multiple industry verticals and emerging spaces, including biotechnology, financial tech, and transportation—including air taxis. From San Francisco to Boston and Beijing to Sao Paulo, these startups stretch across the globe and raised a combined $4.26 billion dollars last month.
According to PitchBook data as of July 7, 2020, these are the most-funded venture capital startups from June 2020.
10. Varo
Last financing: $241 million
Deal type: Late-stage VC, Series D
HQ: San Francisco, California
Online banking platform Varo offers its users financial insights and analysis of spending, real-time budgeting and predictive forecasts of cashflow, as well as the ability to make direct deposits, pay bills online and more. The startup was granted preliminary approval for a national bank charter by the Office of the Comptroller of the Currency in 2018, putting Varo on track to become the first mobile-only national bank in U.S. history. The company raised $241 million of Series D venture funding in a deal led by Gallatin Point Capital and The Rise Fund on June 3, 2020.
9. Lilium
Last financing: $275 million
Deal type: Late-stage VC, Series C
HQ: Wessling, Germany
Lilium is an on-demand air taxi service that provides daily flights out of greater Los Angeles, New York, London, Munich and Shanghai. The startup’s all-electric, zero operational emissions Lilium Jet is a pioneering tilt jet aircraft with a 300 kilometer range, 36 flap-mounted engines and the ability to land in densely populated urban areas. The company raised $275 million of Series C venture funding in a deal led by Tencent Holdings on June 9, 2020.
See our Lilium profile preview.
8. Eswin
Last financing: $281 million
Deal type: Early stage VC, Series B
HQ: Beijing, China
Eswin is the developer of an Internet of Things (IoT) chip that’s used in display and wearable devices. The company raised $281 million of Series B venture funding in a deal co-led by Triniti Capital, IDG Capital and Legend Capital on June 8, 2020.
See our Eswin profile preview.
7. Nubank
Last financing: $300 million
Deal type: Late-stage VC
HQ: Sao Paulo, Brazil
Nubank is the provider of a no-fee digital credit card that intends to redefine peoples’ relationship with money. The startup’s digital credit card is fully managed by a mobile app and can be used to make transfers, pay bills, earn loyalty rewards and avail personal loans. The company raised $300 million of venture funding from undisclosed investors on June 19, 2020.
See our Nubank profile preview.
6. Robinhood
Last financing: $430 million
Deal type: Late-stage VC, Series F
HQ: Menlo Park, California
Robinhood is the developer of an investment platform that helps teach people how to invest in the stock market. The company’s platform offers commission-free trading in stocks, exchange-traded fund (ETFs), cryptocurrencies and more, enabling users to stay informed and conveniently invest from their phones or computers. Robinhood raised $430 million of Series F venture funding in a deal led by Sequoia Capital on June 1, 2020.
See our Robinhood profile preview.
5. Sana Biotechnology
Last financing: $435 million
Deal type: Early stage VC, Series B
HQ: Seattle, Washington
Sana Biotechnology develops engineered cells to treat patients with poor health outcomes or currently untreatable diseases. The company is working toward three main goals: to be able to repair and control genes in any cell, replace any cell in the body and remove barriers to accessing their therapies. Sana Biotechnology raised $435 million of venture funding from GV, Omega Fund, and Canada Pension Plan Investment Board on June 11, 2020.
See our Sana Biotechnology profile preview.
4. Tokopedia
Last financing: $500 million
Deal type: Late-stage VC
HQ: South Jakarta, Indonesia
Tokopedia is the provider of an online marketplace created to build an ecosystem where anyone can start and find anything. The company’s platform helps users to build and manage online stores and a single e-commerce destination for customers, offering fashion accessories, beauty and health aids, electronic equipment, food, beverages and toys. Tokopedia enables people in Indonesia to open and maintain their stores for free. The company closed on $500 million of a planned $1.5 billion venture funding in a deal led by Temasek Holdings on June 22, 2020. Alibaba Group and SoftBank Group also participated in the round.
See our Tokopedia profile preview.
3. Indigo
Last financing: $500 million
Deal type: Late-stage VC, Series F
HQ: Boston, Massachusetts
Indigo is the provider of plant microbiome agricultural services designed to increase crop yield. The company’s database of genomic microbe information allows it to predict which microbes are most beneficial to the health of the crops and apply these specially selected microbes in the form of a seed coating, enabling farmers to reduce risk and increase profitability. The company raised $500 million of Series F venture funding through a combination of debt and equity on June 22, 2020. $470 million of venture funding was raised from FedEx, Flagship Pioneering and Riverstone Holdings. A $30 million of loan was provided by Pacific Western Bank (Los Angeles).
See our Indigo profile preview.
2. CHJ Automotive
Last financing: $550 million
Deal type: Late-stage VC, Series D
HQ: Beijing, China
CHJ Automotive develops and manufactures next generation electric vehicles. The company’s electric cars consist of automobiles that run on batteries and can be used for short-distance travel and other general purposes. The company closed on $550 million of an undisclosed targeted amount of Series D venture funding in a deal led by Meituan-Dianping on June 24, 2020.
See our CHJ Automotive profile preview.
1. Zuoyebang
Last financing: $750 million
Deal type: Late-stage VC, Series E
HQ: Beijing, China
Zuoyebang provides a web and mobile learning platform designed to assist K-12 students. The company’s platform targets primary and secondary school students, enabling them to seek answers, get assistance on their homework, get teacher live streaming videos and homework evaluation. The company raised $750 million of Series E venture funding in a deal led by FountainVest Partners and Tiger Global Management on June 29, 2020.
See our Zuoyebang profile preview.
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