Across industries, verticals and stages, more than a thousand venture capital startups received funding in October 2020. The companies highlighted below operate across multiple industry verticals and emerging spaces, including healthcare, transportation and foodtech. From San Francisco to Singapore, these startups stretch across the globe and raised over $5.1 billion dollars last month.
According to PitchBook data as of November 16, 2020, these are the most-funded venture capital startups from October 2020.
Molo
Last financing: $347.97 million
Deal type: Early-stage VC
HQ: London, United Kingdom
Developer of a lending platform designed to digitally offer mortgages. The company’s platform helps users make smart, secure and real-time lending decisions with the help of an algorithm that evaluates a property and underwrites a mortgage.
Princeton Digital Group
Last financing: $360 million
Deal type: Late-stage VC
HQ: Singapore
Operator of an internet infrastructure company intended to offer infrastructure construction, data wholesale, operation and maintenance management services. The company optimizes the industrial structure, improves industrial ecology and powers the expansion of local hyper-scalers and enterprises, enabling center operators, cloud service providers, financial institutions and various enterprises to identify under-invested assets and monetize their content on the internet as well as on mobile platforms.
See our Princeton Digital Group profile preview.
Kavak
Last financing: $397.19 million
Deal type: Early-stage VC
HQ: Lerma, Mexico
Developer of a car trading platform intended to make a more transparent, easy and safe experience for buying or selling a car. The company’s platform uses real-time market data to give sellers an offer to sell their car in minutes without leaving home.
See our Kavak profile preview.
Dmall
Last financing: $400 million
Deal type: Later-stage VC
HQ: Beijing, China
Developer of fresh food e-commerce platform and grocery store management system. The company’s e-commerce platform allows customer to order fresh fruits and vegetables from grocery stores nearby and pay online without waiting in a physical line, providing customers with a fast and convenient grocery shopping experience. The company’s merchant management system provides grocery stores with digital marketing service, order management, stock management, and customer data analysis, enabling stores to increase the efficiency of different departments and reduce costs.
See our Dmall profile preview.
Ynsect
Last financing: $437.66 million
Deal type: Late-stage VC, Series C
HQ: Paris, France
Operator of insect bio-refineries intended to be used for mass-scale insect breeding. The company’s bio-refineries provide a high-quality natural diet for livestock and pet nutrition, powering farmed and domestic animal feed markets.
See our Ynsect profile preview.
Cue Health
Last financing: $481 million
Deal type: Grant
HQ: San Diego, California
Developer and manufacturer of a connected medical diagnostic platform designed to provide lab-quality molecular testing at point-of-care. The company’s device is a rapid, compact, highly portable testing platform with no compromise in performance or accuracy using molecular diagnostic technology to deliver reliable results in minutes in clinical or at-home settings.
See our Cue Health profile preview.
Nuvation Bio
Last financing: $500 million
Deal type: PIPE
HQ: New York, New York
Operator of a biopharmaceutical company intended to focus on the foremost unmet needs in oncology. The company’s platform includes seven novel and mechanistically distinct oncology programs, each with multiple drug development candidates, enabling patients with dramatic medical advancements that address their needs across a wide range of oncology applications.
See our Nuvation Bio profile preview.
Chime
Last financing: $533.83 million
Deal type: Late-stage VC, Series F
HQ: San Francisco, California
Developer of a mobile platform designed to offer banking services on the go. The company’s platform sets aside a pre-determined amount of money in savings after a transaction and the company earns revenue from transaction fees paid by the merchant, aligning company incentives.
See our Chime profile preview.
Enovate Motors
Last financing: $735.85 million
Deal type: Late-stage VC, Series B
HQ: Shanghai, China
Manufacturer of electric vehicles in China. The company specializes in designing and developing electric vehicles and innovative controlling systems, and offers various vehicle models to meet customer preferences, enabling customers to elevate their driving experience and reduce environmental pollution.
See our Enovate Motors profile preview.
Yuanfudao
Last financing: $1 billion
Deal type: Late-stage VC, Series G
HQ: Beijing, China
Developer of an online educational platform designed to provide online tutoring services for Chinese students. The company’s one-stop online tutoring platform provides elementary school, junior high school, and high school students with various lessons that cover all subjects, enabling students to understand their learning weaknesses and conduct targeted learning by leveraging big data analysis.
See our Yuanfudao profile preview.
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