Across industries, verticals and stages, more than a thousand venture capital startups received funding in September 2020. The companies highlighted below operate across multiple industry verticals and emerging spaces, including health and wellness tech, education tech and the automotive sector. From the United States and Mexico to India and China, these startups stretch across the globe.
According to PitchBook data as of October 14, 2020, these are the most-funded venture capital startups from September 2020. Funding totals are subject to change after this article’s publish date.
XtalPi
Last financing: $318.8 million
Deal type: Late-stage VC, Series C
HQ: Cambridge, Massachusetts
The pharmaceutical technology company integrates quantum physics, artificial intelligence and high-performance cloud computing algorithms for drug discovery and development. Its platform provides predictions on the physiochemical and pharmaceutical properties of small-molecule candidates for drug design, enabling pharmaceutical companies to improve the efficiency, accuracy, and success rate of drug research and development. In September, XtalPi raised $318.8 million of Series C venture funding in a deal co-led by SoftBank Investment Advisers, PICC Capital Investment Management and Morningside Ventures.
See our XtalPi profile preview.
Kavak
Last financing: $397.2 million
Deal type: Early-stage VC
HQ: Lerma de Villada, Mexico
This car trading platform aims to create a transparent, easy and safe experience for buying or selling a car. The company’s platform uses real-time market data to give sellers a fair offer to sell their car in minutes without leaving home, saving customers time. In September, Kavak raised $397.2 million of venture funding in a deal led by SoftBank Group, Greenoaks Capital Partners and DST Global putting its pre-money valuation at $1.55 billion.
See our Kavak profile preview.
Zwift
Last financing: $450 million
Deal type: Late-stage VC, Series C
HQ: Long Beach, California
The interactive fitness platform transforms monotonous solo indoor cycling and running workouts into dynamic and social adventures. The company’s platform connects users to physical indoor trainers so that cyclists can pedal inside while immersed in any number of virtual landscapes on a screen in front of them, enabling users to join in rides together with friends. In September, Zwift raised $450 million through the combination of debt and Series C venture funding in a deal led by Kohlberg Kravis Roberts, putting the company’s pre-money valuation at $1.55 billion.
See our Zwift profile preview.
Zhangmen.com
Last financing: $450 million
Deal type: Late-stage VC
HQ: Shenzhen, Guangdong, China
The education technology platform is designed for students to take classes online. The company operates an online tutorial platform for kids, 8 to 18 years old, to learn in a fun and interactive environment. It also offers student counseling services related to their school choices and careers, enabling students to take classes everywhere anytime and improve test scores. In September, Zhangmen.com raised $450 million of venture funding from Chinese Culture Group, Genesis Capital (Hong Kong) and International Finance Corporation, putting the company’s pre-money valuation at $3.1 billion.
See our Zhangmen.com profile preview.
BYJU’S
Last financing: $500 million
Deal type: Late-stage VC
HQ: Bengaluru, Karnataka, India
The online learning platform intends to deliver 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, enabling individual students to receive a personalized educational experience. In September, BYJU’s raised $500 million of venture funding in a deal led by Silver Lake Management, putting the company’s pre-money valuation at $10.6 billion.
See our BYJU’S profile preview.
Bright Health
Last financing: $500 million
Deal type: Late-stage VC, Series E
HQ: Minneapolis, Minnesota
The health insurance service platform aims to deliver an enhanced healthcare experience. It works with health systems and care partners to provide users with access to affordable health insurance plans. In September, Bright Health raised $500 million of Series E venture funding from The Blackstone Group, New Enterprise Associates and Tiger Global Management, putting the company’s pre-money valuation at $3.5 billion.
See our Bright Health profile preview.
Northvolt
Last financing: $600 million
Deal type: Early-stage VC
HQ: Stockholm, Sweden
The company creates lithium-ion batteries for electric vehicles. It’s product is an eco-friendly battery, manufactured with minimal carbon footprint and recycled technology without compromising with important eco-systems, thus enabling the auto industry to replace fossil fuels with electricity in an efficient manner. In September, Northvolt raised $600 million of venture funding in a deal led by Volkswagen, Goldman Sachs Merchant Banking Division and Baillie Gifford.
See our Northvolt profile preview.
Robinhood
Last financing: $660 million
Deal type: Late-stage VC, Series G
HQ: Menlo Park, California
The investment platform aims to teach people how to invest in the stock market. Its platform offers commission-free trading in stocks, ETFs, options, and cryptocurrencies as well as margins, enabling users to stay informed and conveniently invest in the stock market from their devices. In September, Robinhood raised $660 million of Series G venture funding from Andreessen Horowitz, IVP, Ribbit Capital, and DST Global, putting the company’s pre-money valuation at $11.04 billion.
See our Robinhood profile preview.
Weltmeister
Last financing: $1.47 billion
Deal type: Late-stage VC, Series D
HQ: Shanghai, China
The company manufactures and develops energy conserving electronic vehicles in addition to intelligent data hardware, enabling consumers to utilize smart cars that are efficient and energy conserving. In September, Weltmeister raised $1.47 billion of Series D venture funding in a deal led by SAIC Capital China and Shanghai International Group.
See our Weltmeister profile preview.
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