Weekly Top-tier Fundraising Apr. 12th
1 India's investment app for millennials raises $83 mn 2 Mexico's used car marketplace raises $485 mn 3 Programming learning and mentoring platform raises $4 mn.. 11 invests in total
SEQUOIA CAPITAL
①Groww / India's investment app for millennials B2C Fintech
$83 million Series D
Raised Series C in September last year. 8 million users at the time, but grew to 15 million in 6 months.
Highlights: In the Indian market, the middle class is expected to double to 960 million by 2030 compared to 2010.
②Dingdong Maicai / Shanghai fresh food delivery app B2C platform
$700 million Series D
Highlights: The market, China's online fresh food sector, is said to have the potential to reach $197 billion (about ¥19.7 trillion) by 2025, attracting the attention of investors.
③Cred / Indian credit card management app B2C Fintech
$215 million Series D
Highlights: The online share of the lending market is expected to grow from 23% in 2018 to 48% in 2023, and the demand for Cred is expected to increase accordingly.
④Pendulum Therapeutics / Pharma developing therapeutics with the microbiome B2B Pharma
US$54 million Series C
Highlights: Sequoia has invested in pharmaceutical companies in the US and China. In China, however, there is a gap in terms of the amount raised, with clinical CRO dMed, oncology and immunology company D3Bio, genetically engineered vaccine company RecBio, and antibody therapeutics company Transcenta having raised more than $100 million.
⑤CaptivateIQ / Commission design platform B2B software
$46 million Series B
Highlights: With remote work comes the need for more explicit incentive design for employee results. Last December, Pave, a provider of equity compensation calculation and management, raised $14.5 million, while CaptivateIQ specializes in compensation for salespeople.
FOUNDERS FUND
①Kavak / Used car market in Mexico B2C Marketplace
$485 million Series D
Highlights: Until now, 90% of used car transactions in Latin America were done between individuals, with a 40% fraud rate. Kavak is trying to solve that problem.
②Ramp / Offers corporate cards to reduce expenses B2B Fintech
$115 million Series B
Highlights: In the past, creating corporate cards was time-consuming and complicated; Ramp solves these problems and provides automated cost reduction.
ANDREESSEN HOROWITZ
①Firefly Health / Virtual Primary Care Platform B2C Healthcare
$40 million Series B
Provides ongoing medical care virtually or in person based on packaged medical insurance.
Highlights: Until now, chronic diseases and behavioral issues have accounted for more than 80% of healthcare costs, requiring continuous care and behavioral improvement Firefly Health is trying to solve that problem.
②Formation / Programming learning and mentoring platform B2C Education
$4 million Series Seed
Highlights: Boot camps had two problems: they did not address the skill sets needed to become a top-notch engineer, and the employment rate after graduation was poor.
③Mem / Notebook application B2C software
$4 million Series Seed
An early access platform that aims to allow users to quickly write down their thoughts.
Highlights: In recent years, Notion, Coda, and Roam have raised $2 billion, $636 million, and $200 million, respectively, in funding for notebook apps. Among them, Mem differentiates itself by being able to be called up instantly on any device.
④Plaid / Provides development tools for fintech B2B Fintech
$425 million Series D
Highlights: The pandemic has led to an explosion in demand for fintech products such as Venmo, as all money is exchanged online; Plaid is providing development tools for them.