Across industries, verticals and stages, more than a thousand VC companies received funding in May 2020. Of those, the top ten include several companies focused on autonomous vehicle safety and a well-known aerospace company that just made headlines (and cemented itself in history) for sending two astronauts to the ISS.
According to PitchBook, these are the most-funded venture capital startups from May 2020:
10. Cloudwalk Technology
Last financing: $254.34 million
Deal type: Late-stage VC, Series C1
HQ: Guangzhou, Guangdong, China
Cloudwalk Technology developed an AI facial recognition technology designed for financial, public security and aviation sectors in China. The company’s products include facial recognition terminals and facial scanning door entry. Cloudwalk Technology raised CNY 1.8 billion of Series C+ venture funding from Industrial and Commercial Bank of China, Qingdao Haier Venture Capital and Guxin Capital on May 13, 2020.
See our Cloudwalk Technology profile preview.
9. Ninja Van
Last financing: $279 million
Deal type: Late-stage VC, Series D
HQ: Singapore, Singapore
Ninja Van’s proprietary enterprise logistics technology allows businesses to monitor the delivery process on a user-friendly interface anywhere, anytime and stay updated with active communication through email and SMS. This technology enables businesses to create delivery orders seamlessly and receive real-time tracking updates, promising deliveries that are faster and more reliable. The company raised $279 million of Series D venture funding in a deal led by GeoPost on May 5, 2020. Out of the total funding, $89 million is in the form of convertible debt.
See our Ninja Van profile preview.
8. Royole
Last financing: $300 million
Deal type: Late-stage VC, Series F
HQ: Shenzhen, China
Royole’s advanced flexible displays, flexible sensors and smart devices provide IP licenses and services for a variety of industries associated with display and flexible electronics applications. The company raised $300 million of Series F venture funding on May 10, 2020, putting the company’s pre-money valuation at $5.7 billion.
See our Royole profile preview.
7. LumiraDx
Last financing: $302 million
Deal type: Early stage VC
HQ: London, England, United Kingdom
The company’s software makes diagnostic-led care simpler and more accessible with smarter connected diagnostics and diagnostic-led care solutions by offering safe and easy-to-use care programs, enabling doctors to provide more effective, cost-efficient healthcare. LumiraDx raised $301.83 million of venture funding in the form of convertible debt from Current Yield with Participation Fund and other investors on May 28, 2020.
See our LumiraDx profile preview.
6. SpaceX
Last financing: $346 million
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 $346.22 million of venture funding from Pegasus Tech Ventures and Space Angels on May 26, 2020, just days before it’s historic launch. This latest round of money puts the company’s pre-money valuation at $35.5 billion.
See our SpaceX profile preview.
5. Fundbox
Last financing: $350 million
Deal type: Late-stage VC, Series C
HQ: San Francisco, California
Fundbox leverages deep data analytics for invoice financing offering and a line of credit in order to increase average order volumes (AOV) and improve close rates by offering net terms, enabling SMEs to accelerate cash flow against their outstanding invoices efficiently. The company raised $350 million of Series C venture funding from Allianz X, Recruit Strategic Partners and GMO Internet Group on May 26, 2020.
See our Fundbox profile preview.
4. GRAIL
Last financing: $390 million
Deal type: Late-stage VC, Series D
HQ: Menlo Park, California
Founded in 2016, the Menlo Park-based company is a developer of blood-based tests designed for the early detection of cancer. GRAIL raised $390 million of Series D venture funding from Illumina, The Mark Foundation for Cancer Research and Public Sector Pension Investment Board on May 6, 2020.
See our GRAIL profile preview.
3. Didi Autonomous Driving
Last financing: $500 million
Deal type: Early stage VC
HQ: Shanghai, China
As a developer and researcher of autonomous driving systems, the company engages in the fields of network technology, transportation equipment technology, intelligent driving car technology, autonomous driving car technology, and auto parts technology. The company raised over $500 million of venture funding in a deal led by SoftBank Group on May 29, 2020. The financing will be mainly used for R&D investment, deepening cooperation with the upstream and downstream of the automotive industry, and promoting autonomous manned applications in specific areas at home and abroad.
See our Didi Autonomous Driving profile preview.
2. Samsara
Last financing: $700 million
Deal type: Late-stage VC, Series F
HQ: San Francisco, California
Samsara’s suite of technology includes vehicle telematics, driver safety, mobile workflow and compliance, asset tracking, and industrial process controls all in an integrated, open, real-time platform, enabling businesses to improve the safety and quality of business operations in a hassle-free manner. The company raised $700 million of Series F venture funding from Dragoneer Investment Group, Warburg Pincus and General Atlantic on May 15, 2020, putting the company’s pre-money valuation at $4.7 billion. The funds will be used to bolster its balance sheet, bringing its cash on hand to USD $600 million, allowing it to weather market turbulence.
See our Samsara profile preview.
1. Waymo
Last financing: $3 billion
Deal type: Late-stage VC
HQ: Mountain View, California
Waymo’s services employ integrated sensors and artificial intelligence to detect pedestrians, cyclists, vehicles and road works, enabling users to have a safer and enjoyable on-demand traveling experience in autonomous vehicles. Waymo raised $750 million in an extension of the Alphabet subsidiary’s latest funding, taking the round’s total to $3 billion. The deal was led by Silver Lake Management, Canada Pension Plan Investment Board and Mubadala Investment Company, putting Waymo’s pre-money valuation at $27.75 billion. The funding raised will be used to invest in the company’s workforce, product development and operating its Waymo One ride-hailing service, as well as its Waymo Via cargo and goods transportation service.
See our Waymo profile preview.
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*data as of 6/07/2020
