As per research from the Yostartups team here is the 2018 Week 44 startup funding update. In last week, 229 deals were signed to raise $5.71 billion. In addition, another 104 deals were signed whose investment amount was not disclosed. Overall this marks a 1.83% increase in the number of deals and 38.2% decrease in the investment amount raised, compared to week 43.
Funding Stage Highlights
Seed round funding leads in terms of the number of deals signed, while Corporate funding leads in terms of the investment amount raised. Venture funding overall saw an increase of 40.8% in the number of deals and an increase of 13.8% in the investment amount raised. Seed Funding too saw a rise of 50 % in the number of deals and a rise of 31.4% in the investment amount raised.
As per research from the Yostartups team, in the 2018 Week 44 startup funding update, FinTech, E-Commerce, Media & Entertainment, Health & Wellness, and Software & SaaS make up the top five sectors in terms of the number of deals, accounting for 52.8% of the disclosed deals. E-Commerce, FinTech, EdTech, Food & Beverage, and Health & Wellness raised $3.48 billion, which is 60.9% of the investment raised during the week. The average investment raised is $24.97 million.
Funding Highlights of the Week – Companies and Investors
With Uber announcing an IPO valuation target of 120 billion dollars, ride hailing services globally are seeing more interest and action on VC funding. Go-Jek, an Indonesia-based e-commerce enabler, raised $1.2 billion from Tencent Holdings, JD.com and Google. Go-Jek provides services that include transportation, logistics, mobile payments, food delivery, and many other on-demand services.
Two FinTech companies figure in the startup funding highlights of the week. Coinbase raised $300 million from Tiger Global Management. Coinbase is a US-based digital currency wallet service that allows traders to buy and sell bitcoin. Monzo, a London-based digital-only bank platform, raised $107.9 million from General Catalyst and Accel.
EdTech also figured in the top list with two deals. Yuanfudao raised $250 million from Tencent Holdings. Yuanfudao is based in China and provides live courses and tutoring through an online platform. Peilian.com, another China-based company that provides a platform for online music tutoring, raised $150 million from Tiger Global Management
Additionally, Zume Pizza, a US-based company that operates as a pizza delivery platform, raised $375 million from SoftBank Vision Fund. Grab, the Singapore-based ride-hailing platform that offers booking service for taxis, private cars, and motorbikes through one mobile, raised $200 million from Booking Holdings.
Proptech startup funding got a further boost with PropertyGuru, a Singapore based real estate consulting company in residential and commercial properties, raising $144.2 million from KKR and Co. Jaunt, a US-based company that develops the hardware, software, tools, and applications to enable cinematic VR, raised $100 million from undisclosed investors in Series D funding. HashiCorp, another US-based company raised $100 million from Institutional Venture Partners. HashiCorp provides open source tools and commercial products that enable developers, operators and security professionals to provision, secure and run distributed application infrastructure
Overall in week 44 in startup funding and investments, 323 companies in 44 countries raised investments. Compared to week 43, this marks a 1.22% decrease in the number of startups that raised investments and a 33.3% 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 the previous week, in this startup funding update, the number of deals in the US fell by 11.3%, while the investment amount fell by 32.7%. Comparatively, China saw a 20% fall in the number of deals and an 83.6% fall in the investment amount raised. The United Kingdom rose to 2nd position this week in terms of the number of deals signed.