Dana Enters List of Globally Largest Funded Startups in Q3 2022

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Cindy Mutia Annur 14/10/2022 15:30 WIB

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DANA ranked among the top 10 globally best-funded startups in Q3 2022, according to a CB Insights report. Its funding totaled US$555 million.

Top 10 Globally Funded Startups (Q3 2022)

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Top 10 Globally Funded Startups (Q3 2022)

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DANA ranked among the top 10 startups with the largest global funding in Q3 2022, according to a CB Insight report. This Indonesian startup secured 5th place with US$555 million in funding, equivalent to Rp8.54 trillion (Rp15,390/US$).

This payment fintech's total funding amounted to 0.74% of the total global startup funding in Q3 2022. Total global startup funding in the previous quarter reached US$74.5 billion, or approximately Rp1.146 trillion (Rp15,390/US$).

DANA reportedly secured its Series A funding on August 10, 2022. Investors involved included Lazada and Sinar Mas Indonesia.

Meanwhile, the largest funding went to Norwegian startup Northvolt, receiving US$1.1 billion. Funding for this electric vehicle battery production startup was through convertible notes.

Next were TeraWatt Infrastructure (United States) and Klarna (Sweden), with funding of US$1 billion and US$800 million respectively. Below DANA were Black Sesame Technologies and EnergyX, with funding of US$500 million and US$450 million respectively.

Here is a list of the top 10 startups with the largest global funding in Q3 2022:

1. Northvolt – US$1.1 billion
2. TeraWatt Infrastructure – US$1 billion
3. Klarna – US$800 million
4. TerraPower – US$700 million
5. DANA – US$555 million
6. Black Sesame Technologies – US$500 million
7. EnergyX – US$450 million
8. Ziply Fiber – US$450 million
9. Dami & Xiaomi – US$420 million
10. Xpansiv, ContentSquare, Celonis, wefox – US$400 million

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Dana Enters List of Globally Largest Funded Startups in Q3 2022

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