Bay Area tech had an extremely busy November, with five companies each raising more than $300 million. Combined, these local companies raised $2.78 million, up slightly from October.
#5. $400 million, November 16
The four-year-old company has now raised just over $1 billion following its latest funding round. Faire is a wholesale marketplace that allows smaller retailers to connect to thousands of brands and artisans. A portion of the funding will go toward international expansion and increasing its employee headcount, with a number of roles currently open.
#4. $500 million, November 23
The rise for plant-based foods has been growing, allowing e-commerce brands like Impossible Foods to grow too. The company recently raised $500 million in funding to develop its products, work on its technology platform and expand internationally.
#3. $555 million, November 16
Heyday is a digital marketplace. The company raised $555 million in a Series C funding round — a jump from the $70 million it raised in May. The investment will go toward its technology platform, logistics footprint and acquiring additional brands.
#2. $600 million, November 2
Nuro has developed an electric self-driving delivery vehicle and has already made big partnerships with companies such as Domino’s and FedEx. The recent $600 million raised will go toward the development and deployment of the electric vehicles. Nuro will also continue growing its team.
#1. $725 million, November 12
Forte provides blockchain solutions for gaming publishers by allowing creators to integrate blockchain technologies into their games. The $725 million raised will allow for further expansion and development. The Series B round was co-led by Sea Capital and Kora Management with additional participation from several game and media publishers and blockchain organizations.
