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While most of us were busy buying Christmas presents and getting ready for the holidays, for others it was business as usual. Companies, from small startups to multinational corporations were raising money to ensure their continued growth in 2014. Here is a list of most founded startups/companies that raised $50m or more in December 2013.
|10/12/2013||Freedom Financial Network||$125M|
|04/12/2013||Juno Therapeutics Inc||$120M||A|
|18/12/2013||eHi Auto Services||$100M||E|
Looking at the industries represented, there is a good variety of them, from fashion and retail to medical and education. As for geographic location, the United States is once again the most common.
Who raised $100M and Above in December 2013
In first place, we have Lazada, (one of the two Rocket Internet Companies in this list!), an ecommerce platform for the Southeast Asian markets (Indonesia, Philippines, Vietnam, Malaysia and Thailand). It raised a grand total of $250M from Tesco, Access Industries, Investment AB Kinnevik and Verlinvest.
In addition to Lazada, Singapore-based Zalora is also an ecommerce store operating in the Southeast Asia. Both companies is part of Monstrous German-based Incubator Rocket Internet, which also participated in Zalora’s latest round of funding, along with others, including billionaire Len Blavatnik and Access Industries.
Continuing with the ecommerce industry, there is also Ottawa-based “Startup” Shopify that raised $100M from Insight Venture Partners, OMERS Ventures, FirstMark Capital, Felicis Ventures, Bessemer Venture Partners and Georgian Partners. With this round of funding, it aims to expand operations into the offline space, as well as growing online.
Spain-based Vitaldent operates Europe’s largest network of dental clinics (some franchised and some corporate owned) and was founded in 1989. It is currently operating in Spain and Italy and plans to expand into Poland, with €100M from Intermediate Capital Group (ICG).
There other medical company, Juno Therapeutics, received its $120M funding from Alaska Permanent Fund & ARCH Venture Partners. This came only six months after securing $56M from Bezos Expeditions and Venrock. This totals to a whopping $176M, which is one of the biggest Series A investments in a biotech company.
Freedom Financial Network, which helps clients better manage their finances, raised $125M from Vulcan Capital. The company has several products, including Bills.com, FreedomPlus, Freedom Debt Relief and Freedom Tax Relief.
eHi Auto Services is China’s largest car service chain, has raised over $260M, with the latest $100M mainly from Chinese online travel agency Ctrip.com.
Who Raised Under $100M
Oculus VR is the company behind the revolutionary virtual reality headset Oculus Rift. It raised $75M from Andreessen Horowitz, Formation 8, Spark Capital and Matrix Partners before being acquired by Facebook in March this year.
Warby Parker, an online retailer of eyeglasses and sunglasses, closed its $60mM series C with investments from Tiger Global Management, Spark Capital, First Round Capital, Thrive Capital and General Catalyst Partners.
Knewton is an platform that allows the creation of personalised educational content through and First Round Capital, Bessemer Venture Partners, GSV Capital, FirstMark Capital, Atomico, Accel Partners, Silicon Valley Bank and Founders Fund.
At the end of the list are CloudFlare, Snapchat and Flipboard, each having raised $50M in Series C funding. For Snapchat, the messaging app, this came a month after rejecting the $3B buyout by Facebook. The funds came from Coatue Management. Flipboard, the social news app, raised funding from Rizvi Traverse Management, Index Ventures, Insight Venture Partners, Goldman Sachs and Kleiner Perkins Caufield & Byers. Investors behind CloudFlare, specialising in website performance and security, are New Enterprise Associates, Pelion Venture Partners, Union Square Ventures, Venrock and Greenspring Associates.
In Part 2, we’ll have a look at the complete list of December 2013!