As per research from Yostartups team, in 2018 week 41 startup funding update, a total of 315 deals were signed, of these 229 deals were disclosed and they raised $6.27 billion. For the remaining 86 deals that were signed, investment amount was not disclosed.
Overall this marks an 8.6% increase in the number of deals and 43.6% increase in the investment amount raised, compared to week 40.
Seed stage funding has increased in week 41, in terms of both the number of deals and investment amount. The number of Seed stage funding deals increased by 40% and the investment amount increased by 64%, compared to week 40. Venture funding saw a minor increase of 4% in the number of deals but more than doubled in the investment amount raised.
According to our research, 2018 week 41 startup funding update, saw Transportation & Logistics, AgriTech, Medtech and SaaS sectors, dominate the number of deals and investment money raised.
70 deals were signed in these sectors which account for 30.56% of the deals signed this week. These startups raised around $3.23 billion in these sectors, which accounts for 51.45% of the total investments raised during the week.
As per research from Yostartups team, there was diversity in the sectors that witnessed the top deals in week 41. Meicai, a China-based AgriTech company raised the single largest investment of $800 million during the week. Tiger Global Management, Shunwei Capital, Hillhouse Capital Group were the investor in this deal. Voyager Innovations, a Transportation & Logistics company, raised $700 million from Westpac, Sumitomo Mitsui Trust Bank, Societe Generale, Natixis, National Australia Bank, ING Group, Crédit Agricole and BNP Paribas. Snowflake Computing, a SaaS company, raised $450 million from Sequoia Capital.
MedTech Companies such as SmileDirectClub and Berkeley Lights, both based in the US, raised $380 million and $95 million respectively. While SmileDirect raised this as Private Equity from Clayton, Dubilier & Rice, Berkeley Lights raised the amount in Series D round of funding from Nikon.
Real Estate, Food & Beverage, FinTech, Sustainability & Renewable Energy and Robotics & IOT companies also figured among the top deals. Xiaozhu.com, a Real Estate company raised $300 million from YF Capital (Yunfeng Capital) and Advantech Capital. Zomato, an India based Food & Beverage listing company raised $210 million from Alipay Singapore. Nubank, a Brazil-based FinTech company raised $180 million from Tencent Holdings.
Other companies that raised close to $150 million are Amp Solar Group – a Canada based Sustainability and Renewable Energy company, and CloudWalk Technology – a China-based Robotics and IOT company.
Overall in week 41, 308 companies in 35 countries raised investments. Compared to week 40, this marks a 10% increase in the number of startups that raised investments and a 16.6% decrease 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 40, the US saw a 9.7% fall in the number of deals and 11.3% fall in the investment amount.