As per research from Yostartups team here is the 2018 Week 43 Startup Funding Update. In last week, 234 deals were signed to raise $9.25 billion. In addition, another 93 deals were signed whose investment amount was not disclosed. Overall this marks a 2.5% increase in the number of deals and 29.4% increase in the investment amount raised, compared to week 42.
Funding Stage Highlights
Series A leads in terms of the number of deals signed, while Private Equity leads in terms of the investment amount raised. Venture funding overall saw a decrease of 30% in the number of deals and a decreased of 19.5% in the investment amount raised. Seed Funding too saw a decline of 49 % in the number of deals and a decrease of 43.6% in the investment amount raised.
As per research from Yostartups team, in the 2018 Week 43 Startup Funding Update, there were two billion-dollar deals in the Media and Entertainment sector. Even if these billion-dollar deals are not considered, M&E still figures in the top five industries in terms of the number of deals and amounts raised. Along with MedTech, FinTech, Hardware & Manufacturing, SaaS, and AI, Robotics & IOT, Media & Entertainment raised investments in 132 deals, which accounts for 55.2% of the deals signed during the week.
Startups in these sectors secured $3.28 billion (excluding the billion-dollar deals) which sums up to 35.4% of the investment raised during the week.
Funding Highlights of the Week – Companies and Investors
Media and Entertainment startups raised the highest amount of investments during the week. Two startups in this sector raised billion dollar plus investments. ByteDance, a China-based company, raised $3 billion in Private Equity from Softbank, KKR & Co. (Kohlberg Kravis Roberts & Co.), Primavera Capital Group, and General Atlantic. Bytedance owns a series of content platforms that enable people to connect with, consume, and create content. Epic Games, US-based company, raised $1.25 billion in Venture funding from Vulcan Capital and KKR & Co. Epic Games, also known as Epic, is a video game development company.
Hardware & Manufacturing and AI, Robotics & IOT figure in the top investments with two deals each. Bright Machines, a Hardware company based in US that brings together flexible factory robots with intelligent software, production data and machine learning, raised a Series A funding of $179 million from Eclipse. Focals by North, another Hardware firms based in Canada, raised $140 million from undisclosed investors. Focals is a company that manufactures glasses.
Terminus Technologies and Afiniti, AI, Robotics & IOT firms based in China and US respectively, raised $172 million and $130 million. Terminus Technologies aspires to become the biggest city-level AI+IoT platform operator in China. Afiniti uses AI and big data to pair callers with agents on the basis of behaviour.
Additionally, Ribbon, a Real Estate Finance company raised $225 million from Nyca Partners, Greylock Partners, NFX and Bain Capital Ventures. Huasheng Haoche, a China-based FinTech firm raised $210 million from Grescent Group. GoEuro, a Germany-based Travel and Tourism company, raised $150 million from Temasek Holdings and Kinnevik AB.
Overall in week 43 in startup funding and investments, 327 companies in 33 countries raised investments. Compared to week 42, this marks a 4.14% increase in the number of startups that raised investments and a 15.3% 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 the previous week, in the 2018 week 43 startup funding update , the number of deals in the US rose by 9.5%, while the investment amount fell by 16.8%. Comparatively, China saw a 36.3% rise in the number of deals and the investment amount more than doubled relative to the week before.