Financial

2021 Biggest Venture Capital Funding Deals in the Washington, D.C. Metro Area

MBS Staff

Image: RRAI Robotic Research Group

2021 has turned out to be another record year for D.C. area startups when it comes to raising venture capital. The top five alone raised over $800 million.

In a year end surprise (and not even a biotech company), Clarksburg-based Robotic Research Group subsidiary RR.IA announced this month it raised $228 million. Not only was the amount the company’s first funding round, but it is also by far the largest amount raised in the D.C. area this year.Here’s the list of the top five largest single funding rounds in 2021:

  1. Robotic Research Group  / RR.IA 
    • Raised: $228 million

    • Headquarters: Clarksburg, Maryland (Montgomery County)

    • Focus: Automated robotics and vehicle technology

  2. Cava
    • Raised: $190 million

    • Headquarters: Washington, D.C. (Founded in and formerly with headquarters in Montgomery County) 

    • Focus: Mediterranean fast-casual restaurant chain

  3. Rebellion Defense
    • Raised: $150 million

    • Headquarters: Washington, D.C.

    • Focus: Machine learning and AI software

  4. Cellular Biomedicine Group Inc
    • Raised: $120 million

    • Headquarters: Rockville, Maryland (Montgomery County)

    • Focus: Biotechnology

  5. Pie Insurance
    • Raised: $118 million

    • Headquarters: Washington, D.C.

    • Focus: Business insurance and workers comp.