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article imageJuly had a record-setting number of massive funding rounds

By Lisa Cumming     Aug 5, 2018 in Business
Venture capital investors had a busy month last month, breaking a record for how many venture rounds of USD $100 million were financed.
Data from Crunchbase shows that 55 startups had funding rounds financed by VC investors of USD $100 million or more (native or converted from another currency into USD) between July 1 and 31.
Companies like Brandless, an online retailer that sells $3 household essentials; WeWork China, a startup that provides shared workspaces, and Lime, a scooter rental startup, were part of that group.
After Q2, Crunchbase predicated that 2018's funding totals were on track to exceed VC dollar totals recorded in 2017, given that the market kept up.
READ MORE: Late-stage ventures drove Q2 global funding growth
It also looks as if the market isn't slowing down as the month changes: startups Grab, a ride sharing app, and Peloton, a startup that makes indoor cycling programs and equipment, each brought in $1 billion and $550 million, respectively, before the first week of August was through.
More about funding round, Vc, Venture capital