Startup Funding Trends – August 2022

Intellizence publishes monthly trends about key Startup Funding, Venture Capital/Private Equity Investment Deals. The following is the analysis of the Intellizence Startup Funding, VC & PE Deals Dataset for August 2022.

Key Takeaways

In August, we discovered around 1000 plus startups across industries that raised funding. 

• A total of 10 startups achieved unicorn status in August 2022, with a cumulative valuation of around $ 17.85 billion.  
• The top 3 most well-funded startups were TerraPower ($750 million), Celonis ($1 billion), and Virgin Voyages ($550 million).
• The top 9 funding deals combined value stood at $4.43 billion.

Global Large Deals

We have gathered some of the top region-wise fundings deals for August in a roundup below:

Region-wise Interesting Deals 

We have gathered some of the top region-wise fundings deals for August in a roundup below:

North America

• Local RNA startup Orna Therapeutics, raises $221 million Series B, post $3.5 billion collaboration with Merck.
• Triller has raised $200 million and is targeting a $3 billion valuation in its IPO before the end of 2022.
• Limit Break, a gaming company, has raised $200 million in investment capital from Buckley Ventures, Standard Crypto, and Paradigm Ventures.
• Epirus has raised $200 million in Series C funding for its drone-zapping defense systems.
• Alt, a financial services company, has raised $200 million in debt funding.
  

 Asia

• E-wallet provider Dana raises $250 million to fuel growth.
• Healsun Biopharm secures nearly CNY 250 million in Series B financing round.
• Edtech unicorn upGrad raises $210 million in latest funding,
• Sironax, a health tech company, has closed $200 million in a Series B financing.
• NTX, a global textile technology company, has raised nearly $200 million in a C2 round of financing.
  

The Middle East

• Networking startup DriveNets raises $1 billion in new funding.
• Tel Aviv-based Guesty, a property management service for short-term rentals, raised a $170 million Series E led by Apax Digital, MSD Partners, and Sixth Street Growth.
• HR startup HiBob raises $150 million in a Series D round of funding at a $2.45 billion valuation. 
• Dubai-based pay tech Tabby has secured $150 million in debt financing from Atalaya Capital Management and existing investor Partners for Growth.
  

Europe & UK

• GRIDSERVE, the tech-enabled sustainable energy business, has secured an initial £200 million investment from Infracapital, the infrastructure equity investment arm of M&G Plc, in support of the company’s drive to decarbonize transport through electric vehicle infrastructure.
• Capital on Tap, providing fixed-term loans to small businesses, has secured a £200 million funding facility with JP Morgan and Triple Point to support UK small businesses. 
• British battery developer Nexeon has secured over $200 million to fund its battery materials manufacturing.