Monthly Funding Recap August 2020: 10 Unicorn Companies File To Go Public
Summary
They included Airbnb, Palantir, Unity, Asana, Snowflake, Sumo Logic, JFrog, Wish, GoodRx and Ant Group. August is typically a slower month for venture funding, and that trend seems to have borne out despite the fact that the pandemic has disrupted travel plans and caused more investors and founders to stay home and work. Robinhood, the zero-commission stock trading company based in Silicon Valley, raised a $200 million round led by D1 Capital Partners that valued it at more than $11 billion. Xpeng Motors, an electric vehicle company, raised $1.5 billion hot on the heels of competitor Li Auto, which went public on Nasdaq in July 2020. Crunchbase converts foreign currencies to U.S. dollars at the prevailing spot rate from the date funding rounds, acquisitions, IPOs and other financial events are reported.