CB-Insights-零售科技現(xiàn)狀2021年第三季度報告（英）-2021-215正式版

StateOfRetailTechGLOBAL|Q32021Globaldataandanalysisondealmaking,funding,andexitsinprivate-marketretailtechcompaniesWhatisCBInsights?CBInsightshelpstheworld’sleadingcompaniesmakesmartertechnologydecisionswithdata,notopinion.OurTechnologyInsightsPlatformprovidescompanieswithcomprehensivedata,expertinsightsandworkmanagementtoolsthatenablethemtodiscover,understandandmaketechnologydecisions.SIGNUPFORAFREETRIAL2CBInsightsshapesNeofviewonwhat'shappthemarketsowecandigitally-enabledservibusinessmodelsthatandscale.AmyThompsonDigitalInnovationManager,NDigdeeper.CBInsightsclientscanfindandtrackcompaniesusingouranalyst-curatedExpertCollections.In-StoreRetailTechE-CommerceLoyalty&RewardsTechSupplyChain&LogisticsTechOn-DemandFood&BeverageDelivery(Grocery&Meal)4UpcomingEventsDecember8-9,2021GlobalOnlineExperienceREGISTERHERE5TheStoreOfTheFuture:WhatRetailCouldLookLikeIn2030UnbundlingLVMH:HowTraditionalLuxuryRetailIsBeingDisruptedThese95+CompaniesAreTransformingLast-MileDeliveryShouldBrandsAndRetailersAdoptSyntheticMedia—TheAIForDigitalContent?OurMostPopularClient-ExclusiveRetail&ConsumerResearch70+SyntheticMediaCompaniesUsingAIToQuicklyCreate&PersonalizeDigitalContentWithE-CommerceSkyrocketing,Last-MileEfficiencyIsMoreImportantThanEver.Here’sHowRetailersAndBrandsAreStayingCompetitiveStateOfWellnessInConsumer&Retail:TheTrendsReshapingCustomerExpectations65+CompaniesTransformingPetCareWithConnectedDevices&ServicesTechMarketMapReport—DigitizationandTaskAutomationInStoreHowVerticalFarmingIsImpactingTheFoodSupplyChainAndEnablingTasteInnovation60+Early-StageCompaniesReshapingFood&BeverageDeliveryAIIsDrivingEfficienciesInTheBeautyIndustry—AndHowBrandsCanBenefitHere’sWhereAmazon,Facebook,AndGoogleAreInvestingInRetail6ContentsGlobalTrendsInvestmentTrendsUnicorns&ValuationsExitTrends2021566674GeographicTrendsUSTrends168169178187196206CanadaTrendsAsiaTrendsInvestorsEuropeTrendsLatAmTrendsCollectionSpotlightsIn-StoreRetailTechE-Commerce8687101115127140154Loyalty&RewardsTechSupplyChain&LogisticsTechOn-DemandFood&BeverageDelivery(Grocery&Meal)StateOfRetailTech7WhatyouneedtoknowaboutretailtechinQ3'211,030

$26.8B

167$11.1B

21GlobaldealsinQ3.Recordhigh.USfundingYTD.Newannualhigh.Globalretailunicorns.Newhigh.Mostglobally.RaisedinAsia.DealsbySoftBank.TheJapan-basedgiantledamongallinvestorsinnumberofretailtechdealsinQ3’21.Itsinvestmentsincludeghostkitchensandotheronlinedeliveryplatforms,Amazonbrandaggregators,andonlineautosalesplatforms,amongothers.Retailtechdealsbrokethe1,000marktoreachanall-timehighinQ3’21,up31%YoYandmarkingafifthconsecutivequarterofdealgrowth.FundingtoUSretailtechstartupsin2021sofarhasincreased35%vs.allof2020.Q3’21added21retailAsiawasthetopmarketinunicorns,bringingthetotalnumberofbillion-dollarprivateretailcompaniesto167—anall-timehigh.Q3’21asinvestorspoured$11.1Bacross423dealstotheregion,accountingfor40%oftotalglobalfunding.TheUSfollowedwith$7.8Bacross275deals.Q3’21fundingtrailedQ2’21by12%,butthequarterstillsawbigroundstoUS-basede-commercecompanieslikeonlinemarketplacePatPatandAmazonbrandaggregatorunybrands.Ofthattotal,Asiaaccountsfor73unicorns—includingcompanieslikeKurlyinSouthKorea—followedbytheUSwith63.Investmentslippedby5%QoQ,butQ3'21stillsawthesecond-biggestquartereveringlobalretailtechfundingwith$27.9Braised.InvestmentinAsia-basedfastdeliveryandpaymentscompanies—likeNinjaVanandBharatPe—wereamongthequarter'sTigerGlobalManagementfollowedwith18deals.biggestdeals.StateOfRetailTech8WhatyouneedtoknowaboutretailtechinQ3'21continued72%

$16B

54%

$37M

125%ShareoffundingYTDfromroundsworth$100M+.Food&beveragedeliveryfunding.Topsector.YoYgrowthinM&A.Averagedealsizenearlydoubles.Medianlate-stagedealsizeexplodes.DespiteaslightdeclineQoQ,retailM&Aremainsstrong,up54%YoY.Q3’21saw208M&Atransactions,thesecond-highestlevelonrecordafterQ2’21’speak.In2021YTD,theaverageglobaldealsizehasjumped76%comparedtoallof2020,reaching$37M.Acrossstages,late-stageretailtechcompaniesFundingfrommega-roundsismakingupahighershareofinvestmentYoY–72%offundingin2021sofarisfromroundsof$100M+,comparedto59%for2020.Fundinghasreachedarecord$16Bin2021YTD,up54%from2020’syear-endtotalandsurpassingthesector’sprevioushighof$14.4Bin2018.(especiallyin-storeandsupplychain-focusedtech)sawthebiggestjump,withamediandealsizeof$90Min2021YTD,up125%from$40Min2020.Thisisdriveninpartbylargedealstoon-demandcompanies,whichhaveaveraged$108Mthisyear.Thee-commercesectoraccountedfornearlyhalftheM&AseeninQ3’21.SomeofthelargestroundsofthequarterincludeGopuff’s$1BroundandGorillas’$950Mround.Food&beveragedeliverysawthehighestquarterlyfundinggrowthacrosssectors,up58%QoQ.Late-stagedealvaluationalsosawanincrease,up31%YoY–thefourthconsecutiveannualuptick.StateOfRetailTech9Globalretailtechdealssmashrecords,hit1,000+inquarterlyhigh1,2001,00080060040020001,030dealsQ3202131%increaseYoYQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32015201620172018201920202021StateOfRetailTech|GlobalTrends|InvestmentTrends10USfundingjumpsafterseveralsteadyyears,up35%YoY$26.8B2021YTD$25.0B$20.0B$15.0B$10.0B$5.0B35%increaseYoY$0.0B2015201620172018201920202021YTDStateOfRetailTech|USTrends11Theglobalretailtechunicornherdreaches167,anall-timehigh167retailunicornsQ3202137%increaseYoYQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32015201620172018201920202021StateOfRetailTech|GlobalTrends|Unicorns&Valuations12AsiadominatesamongmarketsinQ3'21with$11.1Braised$11.1BraisedinAsia$10.0B$8.0B$6.0B$4.0B$2.0B$0.0B$3.3BmorethannextregionAllOtherRegionsCanadaLatAmEuropeUSAsiaStateOfRetailTech|GlobalTrends|InvestmentTrends13SoftBankisthemostactiveinvestorinretailtechinQ3'21InvestorCompanyCountInvestorGroupCountry1SoftBankGroup21OtherJapanTigerGlobalManagement234567799918Asset/investmentmanagementUnitedStatesUnitedStatesUnitedStatesGermanyFJLabs16VC15VC12VC11VC10VC10VC9VCInsightPartnersGlobalFoundersCapitalAccelUnitedStatesIndonesiaHongKongIndiaEastVenturesDSTGlobalSequoiaCapitalIndiaTitanCapitalSOSV9VCIndia9VCUnitedStatesStateOfRetailTech|GlobalTrends|Investors14$100M+mega-roundsdrive72%oftotalretailtechfundingin2021sofar72%frommega-rounds2021YTD22%increaseYoY2015201620172018201920202021YTDStateOfRetailTech|GlobalTrends|InvestmentTrends15Food&beveragedeliverystartupsraise$16BYTD,topsectorin2021$17.0B$15.0B$13.0B$11.0B$9.0B$16.0B2021YTD54%increaseYoY$7.0B$5.0B$3.0B$1.0B2015201620172018201920202021YTD-$1.0BStateOfRetailTech|CollectionSpotlights|Food&BeverageDelivery(Grocery&Meal)16M&AactivityremainselevatedinQ3'21,up54%YoY208M&AexitsQ3202154%increaseYoYQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32015201620172018201920202021StateOfRetailTech|GlobalTrends|ExitTrends17Averagedealsizesoars,upnearly2xsincelastyear$37M2021YTD76%increaseYoY2015201620172018201920202021YTDStateOfRetailTech|GlobalTrends|InvestmentTrends18Medianlate-stagedealsizeexplodes,up125%vs.2020$90M2021YTD125%increaseYoY2015201620172018201920202021YTDStateOfRetailTech|GlobalTrends|InvestmentTrends19GlobalTrendsQ3202120InvestmentTrendsGLOBAL:Q3202121At$82B,YTDfundinghasnearlydoubled2020'stotal,despitefewerdealsFunding$82.1B$90.0B$80.0B$70.0B$60.0B$50.0B$40.0B$30.0B$20.0B$10.0B$0.0B4,0003,5003,0002,5002,0001,5001,0005003,5613,3893,3113,156Deals2,9312,9192,881$53.4B$50.9B$47.9B$43.7B$36.2B$26.2B02015201620172018201920202021YTDStateOfRetailTech|GlobalTrends|InvestmentTrends22Dealsclimbtorecord-high1,030,whilefundingslipsslightlyinQ3'21$35.0B$30.0B$25.0B$20.0B$15.0B$10.0B$5.0B1,200Deals1,030991$29.3B9841,000937917878875Funding$27.9B870859853847815821$24.8B810796788789785781763800739740727728706664655$18.0B$17.4B6004002000$14.6B$14.4B$14.2B$12.7B$12.1B$12.2B$11.1B$11.0B$11.1B$10.6B$10.8B$10.3B$9.7B$9.1B$9.1B$8.6B$7.9B$8.1B$7.1B$7.2B$6.9B$4.1B$0.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32015201620172018201920202021StateOfRetailTech|GlobalTrends|InvestmentTrends23AsialeadsallmarketsindealsanddollarsinQ3'21Canada$0.1B22DealsEurope$6.1BUSAsia$7.8B210Deals$11.1B275Deals423DealsAllOtherRegions$0.3B53DealsLatAm$2.5B47DealsStateOfRetailTech|GlobalTrends|InvestmentTrends24FundingdeclinesintheUSandAsia,butgrowsinallothermarketsinQ3'21USAsiaEuropeLatAmCanadaAllOtherRegions$11.1B$12.1B$10.0B$7.8B$8.9B$8.6B$7.9B$7.6B$6.1B$5.9B$5.3B$4.6B$4.1B$4.4B$3.3$B3.4B$3.6B$2.5B$2.2B$2.4B$2.0B$1.5B$1.4B$0.1B$0.2$B0.1B$0.2$B0.1B$0.3B$0.2B$0.1B$0.6B$0.7B$0.2B$0.2B$0.0B$0.0B$0.1B$0.1B$0.0$B0.0B$0.1BQ1Q32020Q1Q3Q1Q32020Q1Q3Q1Q32020Q1Q3Q1Q32020Q1Q3Q1Q32020Q1Q3Q1Q32020Q1Q3202120212021202120212021StateOfRetailTech|GlobalTrends|InvestmentTrends25Asiadominatesdealshareamongregionsat41%inQ3'21AllOtherRegions,5%Canada,2%LatAm,5%15%16%15%38%17%18%19%18%18%20%19%22%20%22%23%20%19%

21%26%21%24%

23%26%22%21%

24%23%Europe,20%39%36%43%36%39%43%

38%33%37%38%37%36%38%35%36%

39%33%

33%41%

35%

36%

35%34%36%37%Asia,41%40%

41%40%

40%38%37%37%

37%36%36%35%

34%

34%34%35%

34%35%

34%

34%34%34%32%

33%30%30%30%US,27%Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32015201620172018201920202021StateOfRetailTech|GlobalTrends|InvestmentTrends26VCsmaintainleadindealshareamonginvestorsinQ3'21Other,17%17%19%19%20%

20%22%

22%21%8%21%22%22%8%23%22%

22%23%23%

22%23%9%22%

22%24%24%

24%

25%

24%24%Incubator/Accelerator,6%PrivateEquity,8%6%7%8%6%6%

7%7%9%

4%7%6%5%6%6%6%7%

11%

8%

8%

5%

8%

6%7%7%6%5%

8%7%6%5%9%9%5%6%8%6%5%4%4%5%6%5%6%6%5%4%5%5%5%6%6%5%4%6%6%5%6%10%12%5%

3%6%3%6%5%Asset/InvestmentManagement,10%Angel,12%8%8%8%8%4%

5%7%7%6%

6%4%9%12%10%16%12%8%12%

12%14%

12%12%

15%10%9%

9%11%10%

11%14%

13%

13%

11%10%15%10%16%15%12%10%10%15%11%14%9%13%37%15%36%13%36%18%17%15%34%18%16%15%19%31%16%16%17%CorpandCVC,16%13%

14%

14%15%38%36%35%33%33%

33%

32%

33%

33%32%32%32%

33%

32%33%32%34%

33%32%

32%

32%VC,31%Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32015201620172018201920202021StateOfRetailTech|GlobalTrends|InvestmentTrends27Averagedealsizein2021YTDis76%higherthanin2020$37M$22M$21M$21M$18M$17M$12M$5M$3M$3M$3M$2M$2M$2M2015201620172018201920202021YTDAverageDealMedianDealStateOfRetailTech|GlobalTrends|InvestmentTrends28YTDmediandealsizeincreasesacrossmajorregions,up75%inAsiaUSAsiaEuropeLatAmCanadaAllOtherRegions$7M$6M$4M$4M$4M$4M$3M$4M$4M$3M$3M$3M$3M$3M$3M$2M$2M$2M$1M$2M$2M$2M$2M$1M$2M$1M$2M$2M$2M$1M$1M$1M$1M$1M$1M$1M$1M$1M$1M$1M$1M$1M2015201720192021YTD2015201720192021YTD2015201720192021YTD2015201720192021YTD2015201720192021YTD2015201720192021YTDStateOfRetailTech|GlobalTrends|InvestmentTrends29YTDmediandealsizejumpsforinvestmentmanagementandPEfirmsAngelAsset/InvestmentManagementCorpandCVCPrivateEquity$45MVCOther$48M$25M$26M$25M$25M$25M$20M$18M$15M$15M$13M$14M$15M$13M$13M$12M$9M$9M$8M$9M$8M$8M$8M$9M$7M$6M$4M$6M$5M$3M$3M$3M$2M$2M$2M$2M$2M$1M$2M$1M$1M2015201720192021YTD2015201720192021YTD2015201720192021YTD2015201720192021YTD2015201720192021YTD2015201720192021YTDStateOfRetailTech|GlobalTrends|InvestmentTrends30YTDfundingfrommega-rounds($100M+)hasdoubled2020'stotal,anddealcountisup76%$70.0B$60.0B$50.0B$40.0B$30.0B$20.0B$10.0B$0.0BFunding$59.0B25020015010050Deals218$33.4B100$32.0B112$29.2B124$28.6B61$20.7B72$13.8B5702015201620172018201920202021YTDStateOfRetailTech|GlobalTrends|InvestmentTrends31Mega-roundfundingdeclinesinQ3'21,whiledealcounthitsrecord-high77$25.0B$20.0B$15.0B$10.0B$5.0B90Deals80$21.2B7177$18.8B7070Funding$19.0B605040302010053$12.9B34$11.0B$12.6B$10.0B29$9.3B2230$7.3B28$7.4B2426$7.0B17$6.8B25$5.4B24$6.2B2423$6.4B1421$6.7B$5.9B1920$5.3B9$5.7B$5.3B18$5.0B1515$4.5B$4.2B15$4.0B$4.0B13$3.6B8$1.2B$0.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32015201620172018201920202021StateOfRetailTech|GlobalTrends|InvestmentTrends32Asialeadsamongregionsinmega-roundfundinganddealcountinQ3'21Europe$4.7BUS$4.5BAsia$7.7B15Deals20Deals36DealsLatAm$2.2B6DealsStateOfRetailTech|GlobalTrends|InvestmentTrends33Asiasees36mega-roundsinQ3'21,aquarterlyhighAsia,363029252524232118US,20171614Europe,151591313101412121212101212111110101010108877757LatAm,666630655543441414204Canada,0AllOtherRegions,03333222222212020111111110000000000000000000000Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32015201620172018201920202021StateOfRetailTech|GlobalTrends|InvestmentTrends34Mega-rounds'shareofdealsremainselevatedinQ3'2192%93%Non-mega-rounds,93%94%97%97%97%97%98%98%98%98%98%98%97%98%97%96%96%97%97%97%98%97%96%99%99%8%7%Mega-rounds,7%6%Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32015201620172018201920202021StateOfRetailTech|GlobalTrends|InvestmentTrends35Mega-roundsaccountfor68%alldollarsinvestedinQ3'2125%26%24%29%30%28%Non-mega-rounds,32%36%37%36%38%38%40%41%41%40%40%42%44%44%45%49%49%48%48%50%70%75%74%76%71%70%72%Mega-rounds,68%64%63%64%62%62%60%59%59%60%60%58%56%56%55%51%51%52%52%50%30%Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32015201620172018201920202021StateOfRetailTech|GlobalTrends|InvestmentTrends36Global:Top10equitydealsinQ3'21RoundDate%ofTotalFundingCompanyGopuffGorillasPicnicRoundAmount$1.0BLatestValuationSelectInvestorsCountryBlackstone,AdageCapitalSeriesH2021-07-30Management,Eldridge,GuggenheimInvestments,MSDPartners12345$15.0BUnitedStatesGermany3.6%3.4%2.5%2.5%2.1%DSTGlobal,TencentHoldings,$3.0BDeliveryHero,CoatueManagement,A-StarGroupSeriesC2021-09-23$950MSeriesD2021-09-16$706MN/ABill&MelindaGatesFoundationNetherlandsFoundersFund,TigerGlobal$8.7BManagement,GeneralCatalyst,MexicoSEAVentures,SoftBankGroupSeriesE2021-09-22Kavak$700MAlibabaGroup,DynamicParcelDistribution,Monk'sHillVentures,BCapitalGroup,SeriesE2021-09-27NinjaVan$578M$1.0BSingaporeZamrudSovereignWealthFundStateOfRetailTech|GlobalTrends|InvestmentTrends37Global:Top10equitydealsinQ3'21RoundDate%ofTotalFundingCompanyRoundAmount$570MLatestValuationSelectInvestorsCountryIndiaFacebook,TrifectaCapital,B$4.9BCapitalGroup,Symphony,FootpathVenturesSeriesF2021-09-30MeeshoMirakl678992.0%2.0%1.8%1.8%1.8%SeriesE2021-09-21ElaiaPartners,Permira,SilverLake,83North,FelixCapital$555M$3.5BFranceSeriesD2021-07-19GeneralAtlantic,GGVCapital,DSTGlobal,OceanLinkPatPat$510M$227MUnitedStatesBrazilInsightPartners,Accel,Tiger$3.1BGlobalManagement,VMGPartners,QualcommVenturesSeriesE2021-08-17NuvemshopRappi$500MSequoiaCapital,T.RowePrice,$5.3BThirdPoint,DSTGlobal,AndreessenHorowitzSeriesG2021-07-19$500MColombiaStateOfRetailTech|GlobalTrends|InvestmentTrends38Increasesinmid-andlate-stagedealshareYTDpointtomaturingspaceOther,8%9%9%9%9%10%12%9%8%11%12%12%Late-stage,14%13%13%12%15%14%15%Mid-stage,18%16%69%69%65%64%63%61%Early-stage,60%2015201620172018201920202021YTDStateOfRetailTech|GlobalTrends|InvestmentTrends39Asiamakesupnearlyhalfofalllate-stagedealsinQ3'21AllOtherRegionsCanadaLatAm12%36%19%22%20%EuropeUS23%23%50%48%45%Asia40%22%Early-stageMid-stageLate-stageOtherStateOfRetailTech|GlobalTrends|InvestmentTrends40Medianlate-stagedealsizehasmorethandoubledin2021YTDEarly-stageMid-stageLate-stage$90M$40M$30M$30M$30M$22M$19M$18M$17M$17M2015$15M$15M$15M$6M$2M$1M$1M$1M$2M$2M2019$2M201520172021YTD201720192021YTD2015201720192021YTDStateOfRetailTech|GlobalTrends|InvestmentTrends41Medianmonthsbetweenstagesdownacrossmostroundsin2021sofarSeed/AngeltoSeriesASeriesAtoBSeriesBtoCSeriesCtoDSeriesDtoE+1717181718181717161716151616161615151515151414141413131313131211111182015201720192021YTD2015201720192021YTD2015201720192021YTD2015201720192021YTD2015201720192021YTDStateOfRetailTech|GlobalTrends|InvestmentTrends42Global:Top10seed/angeldealsinQ3'21RoundDateCompanyRoundAmount$20MSelectInvestorsCountryMonk'sHillVentures,Amasia,InsigniaVenturesPartners,JanuaryCapital,CrossbeamVenturesPartnersSeedVC2021-09-08RainforestWonderBrandsDigiHaul11145SingaporeSeedVC2021-08-12QEDInvestors,VictoryParkCapital,Endeavor,GlobalFoundersCapital,ALLVenturePartners$20MMexicoSeed2021-09-20$20MDHLSupplyChain,EzyhaulUnitedKingdomUnitedKingdomSingaporeSeedVC2021-09-15IndexVentures,DylanField,EkaVentures,VenrexSourcefulMightyJaxx$12MSeedVC2021-08-12TencentHoldings,KoreaInvestmentPartners,KBInvestment$10MStateOfRetailTech|GlobalTrends|InvestmentTrends43Global:Top10seed/angeldealsinQ3'21RoundDateCompanyRoundAmount$10MSelectInvestorsCountrySeedVC2021-09-14WavemakerPartners,MapleLeafCapital,SomaCapital,Flexport,QuietCapitalBridgeLinxWhiteRhinoMatterofFactBanyan5PakistanSeedVC2021-07-155$10MLinearVentureChinaSeedVC2021-09-28HorizonsVentures,FirstRoundCapital,CowboyVentures,HayleyBarna,MichelleLee5$10MUnitedStatesUnitedStatesUnitedStatesSeedVC2021-07-30TTVCapital,ManifoldFundAdvisors,FinVentureCapital,MotivateVentures5$10MSeedVC2021-08-13D1Brands10$9MCoVentureStateOfRetailTech|GlobalTrends|InvestmentTrends44Global:Top10SeriesAdealsinQ3'21RoundDateCompanyRoundAmount$170M$77MSelectInvestorsCountrySeriesA2021-07-20BaldertonCapital,TigerGlobalManagement,Greycroft,GGVCapital,Monashees+Jokr12345UnitedStatesStatePowerInvestmentCorporation,HengxuCapital,AutoCapital,WenzhouTransportationChinaGroup,YiheAxlesSeriesA2021-07-06SORLLightspeedVenturePartners,ChirataeVentures,ChrysCapital,SoftBankGroup,FirstCrySeriesA2021-07-19GlobalBeesZonos$75MIndiaSeriesA2021-09-15JoshJames,AaronSkonnard,SilversmithCapitalPartners,EricRea,AustenAllred$69MUnitedStatesUnitedStatesBlackstone,StarwoodCapitalGroup,EquityResidential,AvalonBayCommunities,MastercardSeriesA2021-09-21Bilt

Rewards$60MStateOfRetailTech|GlobalTrends|InvestmentTrends45Global:Top10SeriesAdealsinQ3'21RoundDateCompanySchuttflixOnBuyCajooRoundAmount$50MSelectInvestorsCountrySeriesA2021-09-30DraperEsprit,HVCapital,Speedinvest,Strabag,ChristianHulsewig678999GermanyUnitedKingdomFranceSeriesA2021-07-13GuyHands,FuelVentures,KnutFr?ngsmyr,BringVenture,RichardGoulding$48MSeriesA2021-09-02$47MXAngePrivateEquity,Carrefour,frst,HeadlineSeriesA2021-07-06InternationalFinanceCorporation,Endeavor,BECOCapital,RiseCapital,CrystalStreamMaxABElroyAirJusto$40MEgyptCatapultVentures,PrecursorVentures,LockheedMartinVentures,ShieldCapital,Prosperity7VenturesSeriesA2021-08-04$40MUnitedStatesMexicoSeriesA2021-09-02$40MN/AStateOfRetailTech|GlobalTrends|InvestmentTrends46Global:Top10SeriesBdealsinQ3'21RoundDateCompanyRoundAmount$270MSelectInvestorsCountrySeriesB2021-08-03EightRoadsVentures,IDGCapital,PAG,EasternBellCapital,MeituanInceptioTechnologyGelato123446ChinaInsightPartners,DawnCapital,SoftBankGroup,SEBPrivateEquity,GoldmanSachsNorwayAssetManagementSeriesB2021-08-16$240MBaldertonCapital,AdventInternational,Monashees+,SoftBankGroup,ValorCapitalGroupSeriesB2021-09-28MeramaCider$225MMexicoSeriesB2021-09-02DSTGlobal,AndreessenHorowitz,GreenoaksCapitalManagement$130MHongKongTigerGlobalManagement,Greycroft,NewRoadCapitalPartners,9yardscapital,UnitedStatesSpruceHouseInvestmentMangementSeriesB2021-09-23Emerge$130MSeriesB2021-08-12LCatterton,Sofina,83North,CherryVentures,FelixCapitalSellerX$118MGermanyStateOfRetailTech|GlobalTrends|InvestmentTrends47Global:Top10SeriesBdealsinQ3'21RoundDateCompanyRoundAmount$106MSelectInvestorsCountry7-Ventures,DavePeacock,ClaytonChristopher,TrousdaleVentures,LivWellVenturesSeriesB2021-08-09SuperCoffee78UnitedStatesPeterThiel,Monashees+,GFCapitalManagement&Advisors,BroadhavenCapitalPartners,EndeavorSeriesB2021-08-12Kovi$104MBrazilInsightPartners,BaldertonCapital,IndexVentures,GeneralCatalyst,LatitudeVenturesSeriesB2021-09-08BeautyPiequip999$100M$100M$100MUnitedKingdomUnitedStatesChinaSeriesB2021-08-31CowenGuotaiJunanSecurities,BOCOMInternational,LighthouseCapital,SPDBInternational,RencentCapitalSeriesB2021-08-20DeepexiSequoiaCapitalIndia,WavemakerPartners,FalconEdgeCapital,AlphaJWCIndonesiaVentures,AsiaPartnersSeriesB2021-07-22GudangAdaFabric99$100M$100MNorwestVenturePartners,SierraVentures,Greycroft,RedpointVentures,StripesGroupSeriesB2021-07-20UnitedStatesStateOfRetailTech|GlobalTrends|InvestmentTrends48Global:Top10SeriesCdealsinQ3'21RoundDateCompanyRoundAmount$950MSelectInvestorsCountrySeriesC2021-09-23DSTGlobal,TencentHoldings,DeliveryHero,CoatueManagement,A-StarGroupGorillas12345GermanySeriesC2021-07-01SoftBankGroup,NextPlayCapital,B.RileyFinancial,DogusGroup,NordstarKitopi$415MUnitedArabEmiratesUnitedStatesNetherlandsThailandSeriesC2021-09-14MisfitsMarketSendCloudAscendMoney$225MAccel,SoftBankGroupSeriesC2021-09-15LCatterton,SoftBankGroup,HPEGrowthCapital$177MSeriesC2021-09-27CharoenPokphandGroup,AntGroup,BowWaveCapital$150MStateOfRetailTech|GlobalTrends|InvestmentTrends49Global:Top10SeriesCdealsinQ3'21RoundDateCompanyRoundAmount$150MSelectInvestorsCountrySeriesC2021-09-16YCombinator,AndreessenHorowitz,GokulRajaram,capitalG,AndreIguodalaWhatnotPATEO5UnitedStatesChinaSeriesC2021-08-11CCBTrust,FAWGroup,JianyuanCapital,FAWSNGROUP,ChinaEV1007$128MNorwestVenturePartners,BaldertonCapital,TriplePointCapital,HillhouseCapitalManagement,FelixCapitalSeriesC2021-09-01VanMoofCloudWalkRohlik7$128MNetherlandsBrazilSeriesC2021-09-089$124MValorCapitalGroupSeriesC2021-07-01PartechPartners,IndexVentures,QuadrilleCapital10$119MCzechRepublicStateOfRetailTech|GlobalTrends|InvestmentTrends50Global:Top10SeriesDdealsinQ3'21RoundDateCompanyRoundAmount$706MLatestValuationSelectInvestorsCountrySeriesD2021-09-16Picnic12335N/ABill&MelindaGatesFoundationNetherlandsUnitedStatesChinaSeriesD2021-07-19GeneralAtlantic,GGVCapital,DSTGlobal,OceanLinkPatPat$510M$227M$1.0B$1.5BSeriesD2021-09-15SoftBankGroup,CICCALPHA,Prosperity7VenturesKeenonRoboticsCarzoneCarsome$200MSeriesD2021-09-16AlibabaGroup,BuhuoVentureCapital,AIC,YunlongCapital$200MChinaGobiPartners,MediaTek,Daiwa$1.3BPIPartners,CatchaGroup,MUFGMalaysiaInnovationPartnersSeriesD2021-09-01$170MStateOfRetailTech|GlobalTrends|InvestmentTrends51Global:Top10SeriesDdealsinQ3'21RoundDateCompanyRoundAmount$162MLatestValuationSelectInvestorsCountrySouthKoreaUnitedStatesTurkeyAltosVentures,DSTGlobal,$2.7BSoftbankVenturesAsia,StrongVentures,KakaoVenturesSeriesD2021-08-17Danggeun

MarketPatPat6SeriesD2021-08-177$160M$227MSoftBankGroup$7.5BN/ASeriesD2021-09-13Getir8$150MTigerGlobalManagement,DSTGlobal,WestBridgeCapital,AlteriaCapital,AlphaWaveInvestorsSeriesD2021-07-08DealShareInfra.Market9$144M$455MIndiaSeriesD2021-08-0210$125M$2.5BTigerGlobalManagementIndiaStateOfRetailTech|GlobalTrends|InvestmentTrends52Global:Top10SeriesE+dealsinQ3'21RoundDateCompanyGopuffKavakRoundAmount$1.0BLatestValuationSelectInvestorsCountryBlackstone,AdageCapital$15.0BManagement,Eldridge,GuggenheimUnitedStatesInvestments,MSDPartnersSeriesH2021-07-30