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11:00 | 20 February 2023

This weekly column is about the biggest venture funding rounds of the past week.

Let’s look at the top 6 major investment rounds in the venture capital market. The main sectors are AI, cybersecurity and electric cars.

Dreamscape, $850M.

The sector is real estate.
Dreamscape, a real estate development and investment company, completed an $850 million capital raising. It is unclear what was debt and what was equity capital. What is known is that Wells Fargo led the debt syndicate and Raymond James led the private equity offering. The company will use the proceeds to create two new platforms, Dreamscape Entertainment Properties and Dreamscape Entertainment Integrated Resorts, both related to gaming, hospitality and entertainment.

ZEEKR Intelligent Technology, $750M.

Sector – Electric Vehicles.
ZEEKR is a premium electric vehicle brand from Geely Holding Group. ZEEKR aims to create a fully integrated user ecosystem with innovation as the standard. The brand uses a sustainability architecture (SEA) and includes proprietary battery technology, battery management systems, electric motor technology and an electric vehicle supply chain.On February 13, 2023, it entered into a $750 million investment agreement with leading industry partners, including Prof. Amnon Shashua, Contemporary Amperex Technology Ltd (CATL), Yuexiu Industrial Foundation, Tongshang Foundation and Xin’an Smart Manufacturing Foundation, whose proceeds will go towards the continued technological research and global expansion of the ZEEKR brand. ZEEKR is currently valued at $13 billion.

SandboxAQ, $500M.

Artificial Intelligence.
Nearly a year after becoming independent from tech giant Alphabet, SandboxAQ, an artificial intelligence and quantum computing company, has raised a $500 million round.
SandboxAQ is studying the interconnected effects of artificial intelligence and quantum computing — to develop commercial products for telecommunications, financial services, health care, security and other computing industries.
According to a Reuters report, SandboxAQ has already signed contracts with more than 15 corporate and government clients.

Deepwatch, $180M.

Cybersecurity.
Deepwatch, a managed attack detection and response company, raised $180 million in “equity investments and strategic funding.” The funding came from several investors, including Vista Credit Partners, “Vista Equity Partners’ credit and investment strategy that offers flexible, customized debt and structured equity financing,” according to the company’s website. However, the company declined to offer a breakdown of the round into equity and debt/credit investments. The Tampa, Florida-based startup reported 100 percent sales growth in 2022 when it announced the financing.

Juniper Square, $133M.

Financial Services.
Juniper Square, a San Francisco-based platform, announced a $133 million round of capital raising led by Owl Rock. According to the company, more than 1,800 CEOs use Juniper Square to support more than 32,000 investment partnerships and $700 billion in LP capital. Founded in 2014, the company has raised $241 million in funding.

Via, $110M

Sector – Transportation.
New York-based transportation company Via has struck a $110 million deal to help cities and agencies better navigate the changing transportation landscape. The new round values the company at $3.5 billion, led by 83North. The company ended 2022 with annual revenues of more than $200 million, more than double that of its previous funding round, the $130 million Series G in November 2021. Via plans to use the proceeds to further expand its line of products that help cities and transit agencies improve the efficiency of their transportation systems. Founded in 2012, Via has raised about $900 million.


We’ll keep an eye out for major funding rounds this week and be sure to write about it next week.

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