As per research from Yostartups team, in 2018 week 40 startup funding update, 230 deals were signed to raise $4.37 billion. In addition, another 60 deals were signed whose investment amount was not disclosed. Overall this marks a 16.4% reduction in the number of deals and 44% reduction in the investment amount raised, compared to week 39.
The fall in the Seed stage funding deals started in early August this year, and week 40 saw the Seed round deals further reducing to 48 from 67 deals in the previous week. The investment amount in the Seed stage has also decreased by almost 48% since week 39. Venture funding also saw a reduction of 24% in the number of deals and 17% in the investment amount raised.
As per research from Yostartups team, in 2018 week 4o startup funding update saw, SaaS, MedTech, Media& Entertainment and FinTech sectors, dominate the number of deals and investment money raised. 102 deals were signed in these sectors which account for 44.34% of the deals signed this week. These startups raised around $2.4 billion in these sectors, which accounts for 54.8% of the total investments raised during the week.
Tanium, a US-based Cybersecurity company raised the single largest investment of $200 million during the weecompanyk. Wellington Management was the lead investor in this deal. SaaS companies such as Voyager Innovations based in Philippines and JFrog based in the US raised $ 175 million and $165 million respectively. While Voyager raised this amount as a Private Equity from Tencent Holdings and KKR & Co., JFrog raised the amount in Series D round of funding from Insight Venture Partners. Media & Entertainment sector had three companies in the list of top 10 investments. One Championship, a sports media company raised $166 million from Sequoia Capital. Talkdesk, a customer interactions platform raised $100 million from Viking Global Investors. Braze, another customer engagement platform raised $80 million from Meritech Capital Partners.
According to research from Yostartups, in the FinTech sector, Brex, a US based company raised $125 from Greenoaks Capital and DST Global in Series C funding. Other companies that raised close to $100 million are Soltec Trackers – a US-based Hardware company, Hopper – a Transportation and Logistics company, and Genomatica – an AgriTech firm.
Overall in week 40, 280 companies in 42 countries raised investments. Compared to week 39, this marks a 17.6% decrease in the number of startups that raised investment and a 16.6% increase in the number of countries that saw investments flow in. The United States continues its lead both in terms of the number of deals and investment amounts. In comparison to week 39, the US saw a 10% rise in the number of deals and 9% fall in the investment amount.