5 Tech Companies Raising the Largest Funding Rounds – September 2022

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5 Tech Companies Raising the Largest Funding Rounds – September 2022

 

Tech Companies Raising the Largest Funding Rounds - September 2022

 

Based off data provided by Crunchbase, here are the 5 tech companies raising the largest funding rounds in September 2022.

 

#5 Muck Rack: $180.0M

LinkedIn Description: Muck Rack’s Public Relations Management (PRM) platform enables thousands of organizations including Google, Knight Foundation, Pfizer, Golin, Zapier and Duolingo to build trust and tell their stories through earned media. Its media database curates hundreds of millions of data points to help PR teams find journalists, podcasters and content creators, generate coverage, monitor news and prove the value of their work. Journalists use Muck Rack’s free tools to showcase their portfolios, analyze news about any topic and measure the impact of their stories.

 

Round: Series A
Investors: Susquehanna Growth Equity
Founders: Greg Galant, Lee Semel
Founding year: 2009
Location: Miami
Total funding raised: $180.0M

 

#4 LootMogul & Atlas: tied at $200.0M

Crunchbase Description: LootMogul is an athlete-led sports metaverse web3 platform that uses blockchain games, meta stores for brands and players, and virtual homes and training facilities to provide in-real-life (IRL) prizes. The company’s goal is to empower folks with the ability to earn and hold digital assets that can exist within or outside of any game. LootMogul was founded in 2020 by Raj Rajkotia and Kuntal Sampat.

 

Round: Venture
Investors: The Global Emerging Markets Group
Founders: Raj Rajkotia , Kuntal Sampat
Founding year: 2020
Location: Santa Monica
Total funding raised: $204.0M

 

Atlas: $200.0M

LinkedIn Description: Atlas enables innovative companies to compete in a global economy, believing that businesses should employ whomever they want, wherever the talent exists. As the largest Direct Employer of Record (EOR), Atlas is an expertise-enabled technology platform that delivers flexibility for companies to expand across borders, onboard talent, manage compliance, and pay their global workforce without the need for a local entity or multiple third-party providers. With entities in over 160 countries, Atlas brings localized experience & expertise into an enterprise-grade technology platform that supports thousands of companies and remote teams. Unlike solutions that use third-party providers, the Atlas platform is uniquely designed to deliver end-to-end EOR solutions and improved user experiences, and provide self-service capabilities and real-time insights that lead to improved business outcomes.

 

Round: Series B
Investors: Guidepost Growth Equity, Sixth Street
Founders: Richard Hammell
Founding year: 2015
Location: Chicago
Total funding raised: $220M

 

#3 Verkada: $205.0M

LinkedIn Description: Verkada is the leader in cloud-managed enterprise building security, enabling over 12,000 organizations worldwide to protect their people and assets while prioritizing privacy. Designed with simplicity in mind, Verkada’s six product lines – video security cameras, door-based access control, environmental sensors, alarms, visitor management, and mailroom – provide unparalleled visibility through a single secure cloud-based software platform. The company was founded by computer scientists and security experts from Stanford University, and Hans Robertson, the former co-founder and COO of Cisco Meraki. Verkada is headquartered in San Mateo, CA with offices in Salt Lake City, Tampa, Phoenix, Austin, London, Sydney and Taiwan.

 

Round: Series D
Investors: Felicis Ventures, First Round Capital, Friends & Family Capital, Linse Capital, Meritech Capital Partners, MSD Partners, Next47, Quiet Capital, Sequoia Capital
Founders: Benjamin Bercovitz, Filip Kaliszan, Hans Robertson, James Ren
Founding year: 2016
Location: San Mateo
Total funding raised: $343.9M
Location: Chicago
Total equity funding raised: $220.0M

 

#2 Mysten Labs: $300.0M

Crunchbase Description: Mysten Labs develops tools that make web3 secure, reliable, and ready for mass adoption. It creates foundational infrastructure to accelerate the adoption of web3. The company gathers the brightest minds to create infrastructure and tools for a decentralized future for everyone.

 

Round: Series B
Investors: 9Yards Capital, a16z crypto, Apollo, Binance Labs, Circle Ventures, Coinbase Ventures, Dentsu Ventures, Franklin Templeton Investments, FTX Ventures, Greenoaks Capital, Jump Crypto, Lightspeed Venture Partners, O’Leary Ventures, Protofund, Sino Global Capital
Founders: Adeniyi Abiodun, Evan Cheng, George Danezis, Konstantinos Chalkias, Sam Blackshear
Founding year: 2021
Location: Palo Alto
Total funding raised: $336.0M

 

#1 Pie Insurance: $315.0M

Crunchbase Description: Washington-based Pie Insurance is an insurance company specializing in small business. Founded by Dax Craig and John Swigart in 2017, Pie Insurance has now raised a total of $621.0M in total equity funding and is backed by Gaingels, Sirius International Insurance, Sand Hill Angels, Centerbridge Partners, and Evolution VC Partners.

Round: Series D
Investors: Acrew Capital, Allianz X, Centerbridge Partners, Gallatin Point Capital, Greycroft, White Mountains Insurance Group
Founders: Dax Craig, John Swigart
Founding year: 2017
Location: Washington
Total funding raised: $621.0M

 

 

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