Series A Funding is often seen as the best opportunity to get a startup off the ground. It’s the first venture round with significant capital and usually occurs after seed funding rounds have taken place. So, what are the highest values of Series A Funding in Q1 2022? In this article, we will run through the list of companies that have achieved the highest Series A funding rounds in Q1 2022.
Series A funding for startups
In this growing trend of startups, the purpose of Series A funding is booming, and it’s one of the most promising rounds for startups. It’s a type of financing that comes after the seed round and is usually reserved for more mature companies that are ready to accelerate their growth by bringing on additional capital.
Series A funding and how does it work?
Series A funding is a round of investment rounds reserved for verified startups that have achieved significant milestones in their journey. This stage of venture financing is usually done after the seed round and typically involves founders, executives, and senior management.
The investors involved in this funding round are typically experienced investors who can make a connection between the company they’re investing in and a future market opportunity. Startups’ amount of funding in their Series A round is usually higher than in the seed round. Therefore, this is the best opportunity for startups to raise additional capital and accelerate their growth.
30 companies with the highest series A funding in Q1 2022
In the following table, we have listed the 30 highest series funding companies that have achieved Series A funding in Q1 2022. For each company, we have disclosed their Series A funding round, amount of funding, and the total amount raised from this round.
|Si No.||Organization Name||Money Raised Currency (in USD)||Organization Industries||Organization Location||Announced Date|
|1||FTX US||400,000,000||Bitcoin, Cryptocurrency, Trading Platform||USA||26/01/2022|
|2||Jidu Auto||400,000,000||Automotive, Electric Vehicle, Transportation||China||26/01/2022|
|3||Hydrogen Energy||169,000,000||Clean Energy, CleanTech, Energy, Energy Management, Renewable Energy||China||30/12/2021|
|5||Axera||126,000,000||Artificial Intelligence, Computer Vision||China||17/01/2022|
|6||iTrustCapital Inc.||125,000,000||Cryptocurrency, Financial Services, FinTech||USA||19/01/2022|
|7||Luminous Computing||105,000,000||Artificial Intelligence, Computer, Hardware, Software||USA||03/03/2022|
|8||Seismic Therapeutic||101,000,000||Health Care, Life Science, Medical||USA||09/02/2022|
|9||Next Gen Foods||100,000,000||Food and Beverage, Food Processing||Singapore||15/02/2022|
|10||Punks Comic||100,000,000||Gaming, Video Games||-||02/02/2022|
|11||Island||100,000,000||Cyber Security, Internet, Software||USA||01/02/2022|
|12||CoinTracker||100,000,000||Blockchain, Compliance, Cryptocurrency||USA||27/01/2022|
|14||Lithion Recycling||99,000,883||Battery, Energy||Canada||24/01/2022|
|15||Voltron Data||88,000,000||Analytics, Hardware, Software||USA||16/02/2022|
|16||AmbAgon Therapeutics||85,000,000||Biotechnology, Medical, Product Research||USA||06/01/2022|
|18||Qredo||80,000,000||Blockchain, Cryptocurrency, Cyber Security||United Kingdom||04/02/2022|
|19||Cellino Biotech||80,000,000||Biotechnology, Nanotechnology, Product Design||USA||25/01/2022|
|21||Axxeltrova Limited||76,000,000||Banking, Finance, Impact Investing||United Kingdom||14/01/2022|
|22||Mojo||75,000,000||Digital Entertainment, Financial Services, Sports||USA||09/03/2022|
|23||Vesalius Therapeutics||75,000,000||Health Care, Medical||USA||02/03/2022|
|24||MilkRun||75,000,000||AgTech, Farmers Market, Food Delivery||USA||20/01/2022|
|25||Ceptur Therapeutics||75,000,000||Biotechnology, Medical, Therapeutics||USA||19/01/2022|
|26||ArriVent Biopharma||69,000,000||Biotechnology, Pharmaceutical||USA||15/02/2022|
|27||Rondo Therapeutics||67,000,000||Biopharma, Biotechnology, Life Science||USA||02/03/2022|
|28||Our Next Energy||65,000,000||Battery, Energy, Energy Storage||USA||01/03/2022|
|30||Lineprinting||64,506,993||Electronics, Hardware, Manufacturing||China||31/12/2021|
Top 10 companies with the highest series A funding
We have compiled the top 10 companies with the highest Series A funding rounds in the following list. A short profile description is given for those unfamiliar with their startup for each company. Moreover, the amount of funding in this round is also disclosed. Let us get started!
1. FTX US
Funding Amount – 400,000,000 USD
FTX US allows users to trade a range of cryptocurrencies like Bitcoin and Ethereum with precision and speed. The trading platform is secured by blockchain technology and allows users to access the market of digital assets. FTX US aims to become the most popular exchange in the U.S. and worldwide by providing a seamless experience to users. They believe that their innovative solutions will revolutionize the domain of cryptocurrency exchanges and make it easy for users to trade cryptocurrencies at any time, anywhere.
West Realm Shires Services Inc. (FTX US) closed a $400M Series A funding. In addition to SoftBank Vision Fund 2, Paradigm, Temasek, NEA, Multicoin Capital, Tribe Capital, Ontario Teachers’ Pension Plan Board, and Lightspeed Venture Partners participated in the round. The money will help the company expand its user base, strengthen its derivatives operations, establish new business lines, make strategic investments and acquisitions in important verticals, and develop its relationship network.
2. Jidu Auto
Funding Amount – 403,000,000 USD
Jidu Auto is an electric car manufacturing company that makes automotive robots. Their products are primarily used to create more efficient, durable, and efficient cars. Jidu Auto’s manufacturing robots are a mix of both hardware and software and are designed to be flexible and reliable. They believe that cutting-edge technology such as theirs is a necessity for the future of automobiles. Jidu Auto wants to save time and money by working on all aspects of the production line with their robots.
The Series A fundraising round for Jidu, a Chinese electric vehicle manufacturer, brought in about $400 million in Series A funding. Baidu and Geely, the parent company of Volvo, have pumped an additional $300 million into Jidu’s starting capital, which was completed in March of last year. Jidu’s R&D and mass manufacturing processes will be accelerated by the funds, allowing the company to display its first concept “robocar” at the Beijing auto show in April. In 2023, a mass-produced robocar will be available for the general public to buy and use.
3. Hydrogen Energy
Funding Amount – 169,000,000 USD
Hydrogen Energy uses research, development, and implementation of hydrogen energy technologies to make the world a better place. Hydrogen Energy’s flagship product, hydrogen fuel cells, is a technology that uses hydrogen to create electricity and power almost anything. They aim to make the process of producing energy simpler and cleaner by making it affordable and universally available. They believe that hydrogen technology is one of the most exciting and crucial parts of our future.
The A+ round of funding was completed by State Power Investment Hydrogen Energy Corporation, which brought in 16 strategic investors and raised $1.08 billion in total. The company’s huge goal is to become a “unicorn” in the hydrogen energy sector by creating a market-driven governance structure.
Funding Amount – 158,000,000 USD
ChemSemi develops 5G chips and semiconductor technologies. These chips are used to make wireless devices and networks connect seamlessly to each other with the lowest latency possible. ChemSemi specializes in high-performance semiconductor components. They are one of the leading suppliers of 5G chips and have become one of the biggest companies in their field. ChemiSemi’s vision is to enable people to communicate and transmit information through their wireless devices when they need it, wherever they are, and at the most affordable cost possible.
Chemsemi of China raises around $158 million from Xiaomi, CICC, and others. Foundry services provider for semiconductor firms. The company’s filter (SAW/BAW) and Semicon compound (GaN) technologies enable clients to increase production capacity, improve efficiency, and reduce costs. Chemsemi intends to establish its own technical team and work toward mass production of HBT, pHEMT, VCSEL, and filters.
Funding Amount – 126,000,000 USD
Axera is a high-tech semiconductor company focusing on developing technology used in the fields of artificial intelligence, machine learning, and data centers. Their goal is to create semiconductor chips with high-performance computing power and unique artificial intelligence capabilities. Axera is committed to creating next-gen solutions using their revolutionary technology that will shape the future of technological advances.
Axera raises $126 Million from Meituan for Semiconductor Manufacturing. Axera intends to use the new funding to expand its semiconductor operations while also ensuring a continuous supply to alleviate scarcity. It aims to use the additional funds to expand its business and hire capable people.
6. iTrustCapital Inc
Funding Amount – 128,000,000 USD
iTrustCapital is a trading platform where you can buy/sell Cryptocurrencies and Physical Gold in real-time. They provide a simple, flexible, and fast way to purchase cryptocurrencies. iTrustCapital’s platform features instant deposits and withdrawals, high-security storage, and low fees. Their goal is to make navigating the cryptocurrency market as easy as possible for users in a safe environment. They believe that the cryptocurrency market will only get bigger and want to prepare now by providing great services.
Left Lane Capital has invested $125 million in the company. It has revealed the location of its new headquarters in Irvine, California, on Von Karman Ave. The announcement comes two months after the firm secured a $125 million Series A growth equity investment from New York City-based Left Lane Capital. The funds will be used to expand products and services, scale client service and development teams, pursue strategic acquisitions, and launch additional marketing channels.
7. Luminous Computing
Funding Amount – 105,000,000 USD
Luminous Computing manufactures photonics chips to handle workloads that require high-speed processing. They have developed chips that can handle machine learning, genomics, encryption, and quantum computing. Luminous Computing believes that its patented technology and products are game-changing for the semiconductor industry’s future. The AI and Photonic chips will be going mainstream in the near future, and Luminous Computing is ready for it.
Luminous Computing, a company that uses photonics to power artificial intelligence, has raised $105 million in Series A funding from investors including Microsoft co-founder Bill Gates. Officials at Luminous say the extra funds would be used to expand their technical team and develop their proprietary chips and software for commercial manufacturing.
8. Seismic Therapeutic
Funding Amount – 101,000,000 USD
Seismic Therapeutic is a machine learning Immunology Company. They are a biotechnology company that focuses on developing medical devices and non-invasive therapies. Seismic Therapeutic aims to revolutionize the healthcare industry by making it more efficient, unique, and cost-effective. They believe that their cutting-edge technology makes them leaders in personalized medicine.
Seismic Therapeutics, Inc. raised $101 million in Series A. Lightspeed Venture Partners led the round with new investors GV, Boxer Capital, Samsara BioCapital, management, and founders contributing. The funding will be used to move its first two lead medication candidates into the clinic, one targeting Ig-mediated autoimmune and the other cell-mediated autoimmunity, and to further develop its patented IMPACT platform for machine learning applied to immunology therapies.
9. Next Gen Foods
Funding Amount – 100,000,000 USD
Next-Gen Food is a food-tech company offering plant-based meat products. Next-Gen Food’s products are a revolutionary advance in transparency, efficacy, and sustainability. The team at NextGen Food believes that they are creating truly healthy and wholesome products that will change the way we eat Food. They strive that the future of Food is welcoming more options and their products are a pioneer in a new era.
Cooley assisted Next Gen Foods, a food-tech business focused on developing and commercializing novel and sustainable plant-based food items, on its $100 million Series A financing, the largest Series A to date for a company focused on plant-based meat. The cash will be used to accelerate expansion in the United States and in the company’s Singapore research and development facility, which is now under construction.
10. Punks Comic
Funding Amount – 100,000,000 USD
Punks Comic is a media firm promoting crypto and blockchain technology. They believe that the mainstream media has been slow to cover crypto, and they are trying to change that. Punks Comic produces content that is both educational and entertaining. They believe that creating valuable media content can drastically boost awareness of cryptocurrency and blockchain technology in general. Punks Comic believes that its content can help with the greater adoption of cryptocurrency by showing people why it’s so innovative and useful.
The Pixel Vault of Punks Comics raises $100 million for non-profit organizations. Pixel Vault, the business behind the Punks Comic collection of non-fungible tokens (NFTs), received a $100 million investment from Velvet Sea Ventures and 01A. The funds will be utilized to create an interactive platform for developing NFTs.
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In order to be competitive in the future, Series A funding needs to be more targeted. The essence of Series A funding is to raise money to scale the business and expand operations. In the current state of the market, companies should be using this funding stage to find their core competencies and strengths. To increase your chances of securing series A funding, a business valuation is a definite advantage. Have your business valuation done with Eqvista! Contact us to learn more.