May 2022 is in the books. Last month Y Combinator and other top tier VC firms sent letters to founders to plan for a worse, that a recession was coming. Russia's war of agression against Ukraine reached its 100th day. Gas priced reached historic highs. Technologists sent a letter of concern to Congress about how crypto is going to sink our economy. There was a horrible massacre in Texas that could have been prevented by sane gun control laws in the United States. Elon Musk dissed remote work because Tesla isn't doing well and he wants people to quit so he doesn't have to pay severance to them. And, by our analysis 49 U.S. and Candian based companies raised $2,909,424,885 in investment capital from financiers.
49 tech companies raised nearly $2.9 billion from financiers in May 2022.
WeWork gets a big loan 💰
WeWork tops the list with a $350 million Post IPO Debt financing round. WeWork is a public company so theoretically anyone in America can buy or sell shares of the company and profit from the company's success. We live in a time of financial engineering, when stock prices rise without growth and inequality is at all time highs, so this might not be as clean as it sounds. Anyway, WeWork is the one public company we have on this list of finacing rounds in May 2022. This is debt financing, so it's really like a big loan they have to pay back. This is in contrast to equity financing where part of the company is sold in exchange for money. If you haven't seen WeCrashed on Apple TV definitely check it out -- I've watched it twice.
Funding is way down
Last month we reported that startups raised over $6 billion in April 2022. In March 2022 there seemed to be some craziness in the public markets with over $22 billion raised, some of that coming from a $3 billion Post IPO Equity round for Twitter. There may be some lag as we find out about financing rounds down the road but $3 billion raised last month does seem a bit low. We'll have to watch CB Insights and Crunchbase for their reporting to confirm..
Without further ado here's the full list of startups (plus WeWork) we've found that raised money last month in May 2022.
Startups that Raised Money in May 2022
List of companies that raised investment capital last month.
|Company Name||HQ Location||Company Description||Founded Year||Round Name||Amount Raised|
|WeWork||New York, NY||Space That Works for You. From desks to offices and entire headquarters, we create environments for productivity, innovation, and connection.||2010||Post Ipo Debt||$350,000,000|
|Deserve||Palo Alto, CA||Deserve, Inc. provides consumer financial services. The Company offers credit cards and other financial products.||2013||Debt Financing||$250,000,000|
|Rippling||San Francisco, CA||Rippling is the first way for businesses to manage their HR & IT - from payroll and benefits, to employee devices and apps - all in one, modern system.||2016||Series D||$250,000,000|
|Abnormal Security||San Francisco, CA||The Abnormal Security platform protects enterprises from targeted email attacks.||2018||Series C||$210,000,000|
|Chainalysis||New York, NY||About Chainalysis provides blockchain data and analysis to government agencies, banks, and businesses around the world.||2014||Series F||$170,000,000|
|MOMA Therapeutics||Cambridge, MA||MOMA Therapeutics operates as a biotechnology company. MOMA Therapeutics discover the next generation of precision medicines by targeting the molecular machines that underlie human disease.||2020||Series B||$150,000,000|
|Tailscale||Toronto, Canada||Tailscale want to help everyone create their own secure networks built around their social connections.||2019||Series B||$128,000,000|
|Castle Creek Biosciences||Exton, PA||Castle Creek Biosciences is focused on developing and commercializing novel, personalized gene therapies for rare skin and connective tissue disorders with high unmet need.||2020||Series Unknown||$112,782,892|
|Material Security||Redwood City, CA||Material Security is an email security company that develops data-driven security software to protect an organization's users and data.||2017||Series C||$100,000,000|
|Fictiv||San Francisco, CA||Fictiv Inc. provides software solutions. The Company offers a platform that provides 3D printing, 2D drawing, CNC machining, casting, and injection molding services.||2013||Series E||$100,000,000|
|Hugging Face||New York, NY||Hugging Face, Inc. provides software solutions. The Company offers social artificial intelligence platform which learns to chit-chat, talks sassy, and trades selfies.||2016||Series C||$100,000,000|
|Mothership||Austin, TX||We’re building the future of freight to deliver what the world needs faster||2017||Series Unknown||$76,000,000|
|Vivun||Oakland, CA||Beat the competition to product-market fit, revive dormant sales opportunities, nail your revenue forecast, and unlock vital sales intelligence to close deals faster||2018||Series C||$75,000,000|
|Hello Heart||Menlo Park, CA||Hello Heart Inc. provides software solutions. The Company offers clinically-based mobile solution for high blood pressure and heart risk.||2013||Series D||$70,000,000|
|Observe||San Mateo, CA||Observe provides performance management tools based on a versatile observability platform. It focuses on a new segment of the market called Observability which promises to supplant the $20B+ market for log analytics, infrastructure monitoring, and application performance management.||2017||Series A||$70,000,000|
|Brightseed||San Francisco, CA||Brightseed is a biotechnology company that features artificial intelligence that reveals powerful compounds hidden in nature. The company enables a healthier future by illuminating and activating the connections between people and plants.||2017||Series B||$68,000,000|
|Gusto||San Francisco, CA||It’s time to tame the chaos of payroll, benefits, and HR.||2011||Series E||$55,000,000|
|LinearB||Los Angeles, CA||Linear B is a workforce analytics platform for software development organizations that allows for improved productivity based on objective data driven insights. We are revolutionizing the way software development organizations measure and continuously improve their productivity.||2018||Series B||$50,000,000|
|Deel||San Francisco, CA||Deel’s mission is to create a world where talents are not limited to a location. By making the most complicated business tasks simple and personal, Deel is reimagining payouts for businesses working with global remote teams.||2018||Series Unknown||$50,000,000|
|Dusty Robotics||Mountain View, CA||Dusty Robotics develops robot-powered tools for the construction workforce.||2015||Series B||$45,000,000|
|Prisma||San Francisco, CA||Graphcool, Inc., doing business as Prisma, operates as a platform as a service company. The Company offers a platform which combines and connects multiple specialized databases. Prisma serves clients worldwide.||2016||Series B||$40,000,000|
|LottieFiles||San Francisco, CA||LottieFiles is the largest community of animators, designers and engineers in the world. It’s a platform for testing, collaborating and discovering animations.||2018||Series B||$37,000,000|
|dotData||San Mateo, CA||The First & Only End-to-End Data Science Automation Platform.||2018||Series B||$31,600,000|
|AcuityMD||Boston, MA||AcuityMD provides a platform for commercializing and improving medical devices with data. The platform brings clarity to the products used to treat patients, helping medical device companies expand access in their markets.||2019||Series A||$31,000,000|
|ShiftLeft Inc||Santa Clara, CA||Shiftleft, Inc. operates as a software development company. The Company provides cloud security solution specific to each version of each application. Shiftleft offers an application that detects threats without impacting continuous deliver, as well as prevents data leaks.||2016||Series C||$29,000,000|
|AutoRABIT||San Ramon, CA||AutoRABIT offers a suite of products used by DevOps organizations to automate their CI/CD process for cloud-based development platforms.||2015||Series B||$26,000,000|
|Legacy||Cambridge, MA||Legacy BV is a e-commerce company focussed on sporting goods. Our latest developed project is www.sneakerbaas.nl & www.sneakerboss.com. At the moment we are the leading online store for exclusive sneakers in the Benelux. Please contact us if we can help you with your business, or you can help us with our activities.||2010||Series B||$25,000,000|
|Sleuth||San Francisco, CA||Sleuth is a deployment tracker built to solve the confusion that comes when companies have adopted continuous delivery.||2019||Series A||$22,000,000|
|LucidLink||San Francisco, CA||Lucid provides a cloud-backed distributed file service allowing instant access to an unlimited, shared, and secure file space in the cloud. LucidLink provides the ability to mount an object store in the cloud and use it as local storage.||2016||Series B||$20,000,000|
|Screenplay||New York, NY||ScreenPlay makes it easy to ensure your programming is seen by whom you want, when you want, and where you want. Set exclusives, assign release dates, and view reports all through a simple web-based interface.||2020||Series A||$20,000,000|
|Sustain.Life||New York, NY||We’re on a mission to empower organizations across the world to actualize the wide-ranging benefits of sustainability. How? By building a platform that makes it simple for organizations to reduce and manage their environmental impact.||2021||Seed||$16,000,000|
|Phylum||Evergreen, CO||Phylum is an early-stage startup developing DevSecOps tooling to help developers identify and mitigate risks stemming from the open-source ecosystem.||2020||Series A||$15,000,000|
|Federated Wireless||Arlington, VA||Federated Wireless, Inc. operates as a software development company. The Company develops wireless broadband network management platforms that enable shared use of wireless spectrum for mobile broadband.||2012||Series D||$14,000,000|
|Branch||New York, NY||Your space for work and play. Bring back serendipity to your remote team with spatial conversations.||2020||Seed||$12,500,000|
|Leapfin||San Francisco, CA||Leapfin is the leading revenue close automation solution for high growth businesses. Designed and built for scale from the ground up, Leapfin automates complex and manual accounting processes to ensure leaders always have instant access to accurate and actionable financials.||2015||Series Unknown||$12,166,993|
|Synergies Intelligent Systems.||Cambridge, MA||Synergies is a technology company. It develops JarviX, an augmented analytics and business-intelligence platform that helps accelerate the decision-making processes through search-driven analytics and AI-generated insights across industries.||2016||Series A||$12,000,000|
|OtterTune||Pittsburgh, PA||OtterTune provides automated performance tuning solutions for data-intensive applications. It learns how the database behaves and continually tunes runtime knobs to improve the system’s performance. The company was founded in 2020 and is headquartered in Pittsburgh, Pennsylvania.||2020||Series A||$12,000,000|
|Flyp||San Francisco, CA||Flyp is a mobile app that allows users to cash in on their used stuff by partnering with professional resellers.||2019||Series A||$10,000,000|
|Mahmee||Los Angeles, CA||They are a growing community of maternal and child healthcare providers and healthcare technology professionals united by their shared goals to enhance the experience of new motherhood with ongoing professional support and to help infants grow, gain, and thrive throughout the first year of life.||2014||Series A||$9,200,000|
|FutureProof Technologies||San Diego, CA||FutureProof Technologies is a financial analytics software company specializing in physical climate risks.||2019||Series Unknown||$6,500,000|
|Ownwell||Austin, TX||Ownwell is an online solution that helps people reduce the cost of owning real estate.||2020||Seed||$5,750,000|
|Poolit||Miami, FL||Poolit allows users to invest in private equity, venture capital, and hedge funds with no minimum. The company was founded by Dakotah Rice in 2021 and is headquartered in Boston, Massachusetts.||2021||Seed||$5,255,000|
|GitStart||Walnut, CA||GitStart automatically manages hundreds of remote developers and partners with our client’s engineering teams, accelerating their software development. GitStart is the secret sauce for companies to ramp up their software development capacity, on-demand.||2019||Seed||$5,000,000|
|Anja Health||Los Angeles, CA||Anja Health provides wellness and fitness services.||2021||Seed||$4,500,000|
|Slai||Cambridge, MA||Deploy machine learning models in minutes using infrastructure managed for you.||2021||Seed||$3,500,000|
|Pigeon Loans||San Diego, CA||Pigeon Loans is a peer-to-peer lending platform that facilitates loans between family, friends, and loved ones. The platform provides their users the ability to generate legal contracts, make online payments, store loan documentation, enable automatic bank withdrawals, and make international transactions, all in an easy-to-use interface.||2020||Seed||$2,500,000|
|Yotta Energy||Austin, TX||Yotta is the leading-edge solar storage solution. We simplify the solar storage process through decentralized, panel-level storage and optimize your energy efficiency with intelligent software.||2017||Grant||$1,970,000|
|Terradepth||Austin, TX||Building the first holistic virtual picture of the ocean with accurate, high resolution, comprehensive data, collected by our fleet of autonomous submersibles.||2018||Grant||$100,000|
|Chooch AI||San Mateo, CA||With high accuracy and fast response time, Chooch AI is the leader both in computer vision training and deployment for true Visual AI on the edge and in the cloud.||2015||Grant||$100,000|
Explore Startup Financing Rounds
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