• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

AI CEOs from OpenAI, Anthropic, and Microsoft set aside their rivalry to warn Congress AI is making it too easy to design and create bioweapons

2

Ohio city workers are covering automated license plate readers with trash bags as officials sound the alarm on 'egregious violations' of privacy

3

10,000 Boomers a day, $39 trillion in debt, and no benefit cuts: Bessent stakes Social Security on the Trump economy

1

AI CEOs from OpenAI, Anthropic, and Microsoft set aside their rivalry to warn Congress AI is making it too easy to design and create bioweapons

2

Ohio city workers are covering automated license plate readers with trash bags as officials sound the alarm on 'egregious violations' of privacy

3

10,000 Boomers a day, $39 trillion in debt, and no benefit cuts: Bessent stakes Social Security on the Trump economy

10 largest VC deals of Q2

By
Dan Primack
Dan Primack
Down Arrow Button Icon
By
Dan Primack
Dan Primack
Down Arrow Button Icon
June 30, 2011, 4:53 PM ET

Which companies raised the most venture capital over the past three months?

The second quarter is just hours away from ending, which means it’s time for the first of what will be many lists. This one is the quarter’s largest venture capital deals.

I was fairly liberal in my interpretation of “venture capital,” but did try to exclude any money raised for the purpose of founder or early investor liquidity. I also didn’t list a $1.5 billion financing for 360buy.com from DST and Tiger Global, because there is too little information available about the transaction (and once we’re in the billions, my “that’s no longer VC” light begins blinking).

Here you go:

1(t). 55tuan.com: $200 million
A lot of this list consists of Chinese companies that look like knock-offs of American companies. In this case, 55tuan is one of many companies vying to become the Groupon of China. Investors in this massive Series A round included CDH Ventures, Goldman Sachs, Sky Blessing Investment and Zero2IPO Ventures. Upon announcing the deal, 55tuan said that it was prepping for a U.S. IPO — but no paperwork has yet been filed with the SEC.

1(t). LivingSocial: $200 million
LivingSocial is the Washington, D.C.-based Groupon rival (notice a theme yet?) that in early April announced that it had raised $400 million. A subsequent regulatory filing, however, showed that about half the money was being used for existing shareholder liquidity. Not surprising, but also why LivingSocial doesn’t get to sit alone atop our list. Shareholders include Grotech Ventures, Steve Case, U.S. Venture Partners, Amazon.com, Lightspeed Venture Partners, T. Rowe Price and Institutional Venture Partners.

3. BrightSource Energy: $168 million
BrightSource is an Oakland-based thermal power plant developer that is currently in registration for a $250 million IPO. This particular round came from Google (GOOG), to help complete construction on a solar power tower plant in the Mojave Desert. Some reports suggest that Brightsource also raised a $201 million VC round in Q2, but regulatory filings show that deal technically closed in Q1.

4. CSNStores: $165 million
Boston-based CSN Stores is a nine-year old online retailer of home goods, but had never raised outside funding until earlier this month. The round came from Battery Ventures, Great Hill Partners, HarbourVest Partners and Spark Capital.

5. Gilt Groupe: $138 million
Gilt is a New York-based “flash deal” retailer of luxury goods, and reportedly raised this round at a valuation in excess of $1 billion. Softbank Group led the deal with a $62.5 million commitment, and also agreed to back a 50/50 joint venture for Gilt Group Japan. Other new investors included Goldman Sachs, New Enterprise Associates, Draper Fisher Jurvetson Growth, Pinnacle Ventures, TriplePoint Capital and Eastward Capital. Return backers included General Atlantic and Matrix Partners.

6. Fisker Automotive: $115 million
Fisker is an Irvine, Calif.-based electric car maker that doesn’t always announce its financing events. Luckily, it does dutifully file with the SEC. This represents a Series C-1 round, which held a first close in May and a second one earlier this month. It previously raised around $540 million, plus a $528 million low-cost loan from the Department of Energy. Shareholders include New Enterprise Associates, Kleiner Perkins Caufield & Byers and Palo Alto Investors.

7. Lashou.com: $111 million
The other Chinese company on our list, Lashou.com has been described as a combination of Groupon and Foursquare (or, perhaps, GrouponLive). Milestone Capital Partners and Richemont SA co-led this round. Lashou previously raised $55 million from Tenaya Capital, Norwest Venture, the Rebate Network and GSR Partners.

8. Tabula Inc.: $108 million
Tabula is a a Santa Clara, Calif.-based fabless semiconductor company focused on 3D programmable logic devices. This was a Series B round, following up on an equally-outsized $105 million Series A round. Crosslink Capital and DAG Ventures co-led the new infusion, and were joined by return backers Balderton Capital, Benchmark Capital, Greylock Partners, Integral Capital and New Enterprise Associates.

9. Cameron Health: $107 million
The first life sciences company on our list, Cameron Health is a San Clemente, Calif.-based maker of implantable defibrillators. Alloy Ventures and Delphi Ventures co-led this Series F round. No word on which existing shareholders also participated, but past investments came from such firms as Boston Scientific Corp., CDIB BioVentures, Investor Growth Capital, Pinnacle Ventures, PTV Sciences, Three Arch Partners and Versant Ventures.

10(t) Intrexon Corp.: $100 million
This is a Series E round for the Blacksburg, Va.-based synthetic biology company. New investors were not identified, but return backers included Third Security LLC and CEO Randal Kirk.

10(t) Square: $100 million
The San Francisco-based provider of mobile payment solutions reportedly raised this Series C funding at a pre-money valuation of $1 billion. Kleiner Perkins Caufield & Byers led the round, and was joined by Tiger Global Management and return backers like Sequoia Capital and Khosla Ventures.

About the Author
By Dan Primack
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Tech stocks lead market bloodbath as fears of Fed rate hikes add to worries about the AI-fueled chip boom petering out
Investingtech stocks
Tech stocks lead market bloodbath as fears of Fed rate hikes add to worries about the AI-fueled chip boom petering out
By Jason MaJune 5, 2026
1 hour ago
The Class of 2026: Meet the 12 companies making their Fortune 500 debut
Startups & VentureFortune 500
The Class of 2026: Meet the 12 companies making their Fortune 500 debut
By Marco Quiroz-GutierrezJune 5, 2026
2 hours ago
Shoppers search for meat and pork product inside Walmart store
Economyfarming
The U.S. is still one of the world’s biggest meat producers. So why are Americans paying so much for beef?
By Tristan BoveJune 5, 2026
3 hours ago
As the World Cup draws millions to 11 U.S. cities, measles—not Ebola—may be the biggest concern
HealthHealth
As the World Cup draws millions to 11 U.S. cities, measles—not Ebola—may be the biggest concern
By Marco Quiroz-GutierrezJune 5, 2026
4 hours ago
jack
PoliticsElections
A Kennedy, Kellyanne Conway’s ex-husband and a former Palantir data scientist debated AI regulation. Welcome to the Manhattan primary
By Anthony Izaguirre and The Associated PressJune 5, 2026
6 hours ago
trump
Arts & EntertainmentWhite House
Trump says Knicks owner James Dolan invited him to Game 3 of the NBA Finals and he’s going
By Collin Binkley and The Associated PressJune 5, 2026
6 hours ago

Most Popular

AI CEOs from OpenAI, Anthropic, and Microsoft set aside their rivalry to warn Congress AI is making it too easy to design and create bioweapons
AI
AI CEOs from OpenAI, Anthropic, and Microsoft set aside their rivalry to warn Congress AI is making it too easy to design and create bioweapons
By Marco Quiroz-GutierrezJune 5, 2026
16 hours ago
Ohio city workers are covering automated license plate readers with trash bags as officials sound the alarm on 'egregious violations' of privacy
Cybersecurity
Ohio city workers are covering automated license plate readers with trash bags as officials sound the alarm on 'egregious violations' of privacy
By Sasha RogelbergJune 3, 2026
2 days ago
10,000 Boomers a day, $39 trillion in debt, and no benefit cuts: Bessent stakes Social Security on the Trump economy
Economy
10,000 Boomers a day, $39 trillion in debt, and no benefit cuts: Bessent stakes Social Security on the Trump economy
By Nick LichtenbergJune 4, 2026
1 day ago
MacKenzie Scott's approach to her $26 billion giving spree was inspired by a book she read in college about writing
Success
MacKenzie Scott's approach to her $26 billion giving spree was inspired by a book she read in college about writing
By Sydney LakeJune 5, 2026
17 hours ago
CEO says anyone who works from home is grabbing groceries or at the vet 30% of the time—and shows off his busy office at Friday 5 p.m. to prove it
Success
CEO says anyone who works from home is grabbing groceries or at the vet 30% of the time—and shows off his busy office at Friday 5 p.m. to prove it
By Orianna Rosa RoyleJune 4, 2026
2 days ago
A single new sentence in SpaceX's amended IPO filing could signal the biggest merger in history
Startups & Venture
A single new sentence in SpaceX's amended IPO filing could signal the biggest merger in history
By Shawn TullyJune 4, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.