The Largest US Funding Rounds Of 2018 (So Far)
By Tim York
From crowdfunding to angel investors, finding the funding to get a startup off the ground is on the minds of almost every entrepreneur. As we approach the midpoint of 2018, we have already seen some truly astounding amounts of investment money given to innovative organizations. In this article, we will count down the biggest funding rounds of the year to date.
Helix is a biotechnology company from San Carlos, California that focuses on personal genomics and connects people with insights into their own DNA. Helix is made for both ancestry enthusiasts and health-conscious parents who want to be aware of what conditions they may pass of to their kids. On March 1st, Helix was given a $200 million investment on their series B round. Worldwide, the DNA sequencing market is expected to grow upwards of $22 billion in the next 7 years, which gives Helix ample opportunity to dominate in a quickly expanding niche. However, a number of important challenges, such as data security, also loom large.
Robinhood is a stock brokerage founded in Palo Alto, California that allows customers to buy and sell U.S. listed stocks and ETFs with zero commission. Bringing cutting-edge tech into the world of brokerage, Robinhood found a way to operate with a much lower overhead. Robinhood took in an investment of $350 million in their series C round. As the brokerage expands into the world of cryptocurrency, the potential for growth is certainly enormous -- however, fluctuations in the values of major cryptocurrencies make it difficult to access how much of an impact this will have.
2. Magic Leap
Magic Leap is a proprietary wearable technology that enables users to interact with digital devices in a completely visually cinematic way. Their wearable goggles could potentially be the best we’ve seen in the business of augmented reality. They also have a stunning website. Magic Leap is from Plantation, Florida, and earned $461 million in their series D round on March 7th. However, Magic Leap One has not yet been released to the public -- which means the project could end up being more wildly successful or more disappointing than anyone imagines.
DoorDash offers a versatile food delivery service that essentially gives every restaurant a delivery person (or, “dasher”). DoorDash Connects you with a dasher, who can pick up food from almost any place that allows for takeout, and they will deliver it to you. Based in San Francisco, California, this startup earned $530 million in their series D round on March 1st, 2018. Whether or not DoorDash can continue its meteoric and scalable pattern of growth in the future remains to be seen -- but investors certainly appear to be counting on it.
What Data Drives Your Decisions?
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