#Cross river dom plus series#
(tied) Chief, $100M, social network: New York-based Chief raised a $100 million Series B led by CapitalG at a valuation of $1.1 billion.
The strategy seems to have worked as the company just announced in February that its annual recurring revenue is now over $50 million, representing more than 4x year-over-year growth.Ħ. Through the last two-plus years, the company went back to focusing on developers. It was just more than two years ago that the company went through a restructuring and recapitalization, selling off its enterprise business to Mirantis.
What is eye-catching about the news is Docker’s past. (tied) Docker, $105M, open source: Palo Alto, California-based Docker-which offers an open platform for developing and running distributed applications-closed a $105 million Series C led by new investor Bain Capital Ventures at a $2.1 billion valuation. Founded in 2019, the company has raised more than $200 million.Ĥ. The company has built a one-stop platform specifically for children up to 18 and their caregivers, with on-demand support, coaching programs and other clinical services. Palo Alto, California-based Brightline closed a $105 million Series C led by KKR last week. Investors also are looking at startups that help with the problem seriously. (tied) Brightline, $105M, health care: The pandemic accelerated many things-including people looking at mental health much more seriously. Founded in 2016, the company has raised more than $210 million, according to Crunchbase.Ĥ. The diagnostics company creates genetic testing for disease detection, including a noninvasive prenatal test that can assess fetal risk for common recessive conditions. Menlo Park, California-based BillionToOne closed a $125 million Series C co-led by incoming investor Adams Street Partners and existing investor Hummingbird Ventures. BillionToOne, $125M, biotech: Biotech and health was big this week. Founded in 2018, the company has raised about $300 million to date, according to Crunchbase.ģ. The company has developed a platform specifically for life sciences and health care that helps drive clinical research for different diseases such as cancer, and match patients with specific clinical trials, treatments and medications. Cambridge, Massachusetts-based ConcertAI is the latest startup in the AI space to close a large round, raising a $150 million Series C from Sixth Street at a $1.9 billion valuation. ConcertAI, $150M, health care: Artificial intelligence has been a buzzword for years among investors, but perhaps never more than now. The round was raised at a valuation “north of $3 billion,” TechCrunch reported.Ģ. That customer list surely made it possible for it to take home the biggest round this week with a $620 million financing round led by Eldridge and Andreessen Horowitz. But Cross River provides the infrastructure backbone to power more than 80 payment and lending companies, including Affirm, Coinbase and Stripe. Instead, Fort Lee, New Jersey-based CRB Group-the parent company of financial technology infrastructure provider Cross River-is likely a financial services player many have never heard of. Cross River, $620M, financial services: This is the type of round one would expect the next hot fintech company to raise. Seemingly very different from last year-although biotech and health care services stayed strong with investors.ġ. Cross River’s round was the only one above a quarter-billion dollars in the U.S., and several raises that made the list were less than $100 million.
Check out last week’s biggest funding rounds here.Īs in previous weeks, a company in the financial space saw the biggest round this week-but after that the rounds got smaller quickly. This is a weekly feature that runs down the week’s top 10 funding rounds in the U.S.
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