The Week’s Biggest Funding Rounds: Defense Tech Leads Week With Anduril’s $2.5B Raise
Software may be eating the world, but it was hardware-intensive startups that scooped up this week’s largest funding rounds, including heavily funded defense tech unicorn Anduril Industries, and orbital spacecraft developer Impulse Space.
1. Anduril Industries, $2.5B, defense tech: Defense tech startup Anduril Industries has raised $2.5 billion in a Series G round led by Founders Fund, more than doubling its valuation to $30.5 billion post-money, the company’s chairman, Trae Stephens, told Bloomberg TV on Thursday.
2. Impulse Space, $300M, spacetech: Impulse Space, a startup focused on orbital spacecraft that pull satellites into more precise locations, raised $300 million in a Series C round led by Linse Capital. The financing brings total funding to date for Redondo Beach, California-based Impulse to $525 million, per Crunchbase data.
3. TAE Technologies, $150M, fusion energy: Foothills Ranch, California-based TAE Technologies, a developer of commercial fusion power, raised $150 million in new funding. Chevron, Google and NEA participated in the financing, which brings total equity funding to date to $1.5 billion, per Crunchbase data.
4. (tied) Fever, $100M, events platform: Fever, a technology platform for live experiences, announced that it raised over $100 million in new funding from L Catterton and Point72. Founded in 2014, the New York-based company offers a platform for finding and booking concerts, games and other live events in a selected city.
4. (tied) Infleqtion, $100M, quantum computing: Boulder, Colorado-based Infleqtion, a developer of atom-based quantum systems for sensing and computing applications, raised $100 million in Series C funding. Backers included Glynn Capital Manaagement, Morgan Stanley’s Counterpoint Global, S32 and SAIC.
6. Spyglass Pharma, $75M, ophthalmic therapies: Spyglass Pharma, an Aliso Viejo, California-based developer of therapies for long-term management of glaucoma and other chronic ophthalmic diseases, raised $75 million in a Series D round led by Sands Capital. The financing brings total funding to date for the 6-year-old company to $185 million, per Crunchbase data.
7. Vivrelle, $62M, fashion: Vivrelle, a subscription service for luxury fashion accessories, raised a $62 million Series C funding round backed by Protagonist. Founded in 2018, the New York-based startup offers access to a collection of designer handbags, jewelry and diamonds for a monthly membership fee.
8. Allay Therapeutics, $58M, pain management: San Jose, California-based Allay Therapeutics, developer of medications for post-surgical pain management and recuperation, closed a $57.5 million Series D financing co-led by Lightstone Ventures and ClavystBio. The company is currently carrying out clinical trials for patients undergoing knee replacement surgery.
9. Antheia, $56M, synthetic biology: Antheia, a startup using synthetic biology to sustainably produce medicines, raised $56 million in a Series C led by EDBI and Global Health Investment Corp. The Menlo Park, California-based company plans to use the investment to scale production of thebaine, a key ingredient in Narcan, and to launch new products.
10. Pactum, $50M, artificial intelligence: Pactum, a startup offering an AI-enabled platform for enterprise procurement, raised $50 million in fresh funding, per a securities filing. The financing brings total funding to date for the Mountain View, California-headquartered company to $105 million, per Crunchbase data.