March 2023 saw a flurry of funding activity in the United States, with several companies securing significant investment rounds. These funding rounds spanned a range of industries, including healthcare, fintech, and e-commerce. In this article, we will provide a comprehensive overview of the top 8 funding rounds that took place in March 2023.
1. Ro – $500 million
Ro, a New York-based telehealth company, raised $500 million in a Series D funding round led by General Catalyst. The company offers a range of online healthcare services, including virtual doctor visits, prescription delivery, and at-home lab testing. Ro plans to use the funding to expand its services and develop new products.
2. Brex – $425 million
Brex, a San Francisco-based fintech company, raised $425 million in a Series D funding round led by Tiger Global Management. The company provides corporate credit cards and financial management tools for startups and small businesses. Brex plans to use the funding to expand its product offerings and hire new employees.
3. Instacart – $400 million
Instacart, a San Francisco-based grocery delivery service, raised $400 million in a Series F funding round led by Sequoia Capital. The company has seen a surge in demand during the COVID-19 pandemic as more people opt for home delivery of groceries. Instacart plans to use the funding to expand its operations and invest in technology.
4. Stripe – $300 million
Stripe, a San Francisco-based payment processing company, raised $300 million in a Series H funding round led by CapitalG and Sequoia Capital. The company provides payment infrastructure for businesses of all sizes and has seen significant growth in recent years. Stripe plans to use the funding to expand its global reach and invest in new products.
5. UiPath – $225 million
UiPath, a New York-based robotic process automation company, raised $225 million in a Series E funding round led by Alkeon Capital Management. The company provides software that automates repetitive tasks in the workplace, such as data entry and customer service. UiPath plans to use the funding to expand its product offerings and invest in research and development.
6. Hims & Hers – $200 million
Hims & Hers, a San Francisco-based telehealth company, raised $200 million in a Series D funding round led by Thrive Capital. The company offers a range of online healthcare services, including virtual doctor visits and prescription delivery. Hims & Hers plans to use the funding to expand its services and develop new products.
7. Faire – $170 million
Faire, a San Francisco-based wholesale marketplace, raised $170 million in a Series E funding round led by Sequoia Capital. The company connects independent retailers with unique and high-quality products from around the world. Faire plans to use the funding to expand its product offerings and invest in technology.
8. StockX – $150 million
StockX, a Detroit-based e-commerce company, raised $150 million in a Series E funding round led by Tiger Global Management. The company provides a platform for buying and selling authentic sneakers, streetwear, and other consumer goods. StockX plans to use the funding to expand its global reach and invest in new products.
In conclusion, March 2023 was a busy month for funding rounds in the United States, with several companies securing significant investment rounds. These companies spanned a range of industries and are poised for growth in the coming years. Investors are clearly bullish on the future of these companies and their potential to disrupt their respective industries.
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- Source: Plato Data Intelligence: PlatoData