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Zeroing in on the Series B

Zeroing in on the Series B
March 14, 2022

The Daily Stack is a daily private market insights newsletter by PrivCo, a private company intelligence platform. Read our previous insights.
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Hope you had a terrific weekend. This week, we're getting into the data and examining the middle child of venture funding to see what's getting the most traction in early 2022.



2022 vs. 2021
So far this year, there have been 182 Series B raises, compared to 113 in the same period last year, or a 61% increase. Of the largest fundings of this period in 2022 vs. 2021, this year's round Bs are so far on average at least $20MM larger than last year's. Here are the top funding rounds since Jan 1, 2022.

Company Series B Amount           Industry
Eikon Therapeutics $517.8MM Biotechnology
Sidewalk Infrastructure $400MM Telecomm/Infrastructure
Cyara Solutions $350MM CX Software
Skims Loungewear $240MM Apparel
Alumis Inc. $200MM Pharmaceuticals
Route App $200MM Software
Aleo Systems  $200MM  Fintech/Blockchain
KoBold Metals $192.5MM Industrial Products
Icon Technology $185MM 3D Printed Homes
Metagenomi $175MM Biotechnology
Veho Tech $170MM Logistics
 
Biotech and pharmaceuticals are capturing a lot of that increased spending at the B level. We're also seeing an increase in activity for logistics and industrial products/processes. One D2C brand made the list, with Kim Kardashian's Skims start-up picking up a sizable round B, no doubt on the heels of another celebrity-backed intimates brand, Savage X Fenty. The successful brand led by Rihanna is rumored to be going public at a $3BN valuation.

For more B(ig) insights, use our advanced search filter for Round B for all 2022 dates.
Since last week, PrivCo has added:
1240 Companies | 267 Funding Activities | 160 M&A Deals

Funding & Deal Highlights:
 

Marlette Funding raises $225MM from Healthcare of Ontario Pension Plan

Fintech • Round E • Wilmington, DE
 

Maxwell Biosciences raises $10.8MM from DecentraNet

Biotechnology • Seed • Austin, TX
 

Propel raises $50MM from NYCA Partners

Fintech • Round B • Brooklyn, NY
 

TRZMO raises $1.2MM 

Optimization • Equity • Dover, MA
 

Natural Way Food Group raises $1MM from Tusk Private Investment

Food • Seed • Fayetteville, AR
 

Behavidence raises $4.3MM from Welltech Ventures 

Health Care • Seed • New York, NY
 

Mori raises $50MM from Prelude Ventures

AgTech • Round B-1 • Charlestown, MA
 

DataGrand Tech raises $92MM from China Merchants

Robotics • Round C • China
 

Aifi raises $65MM from ALDI

Automation • Round B • Santa Clara, CA
 

A-Frame Brands raises $11.2MM from Forerunner Ventures

Branding • Equity • Venice, CA
 

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