2018 Week 45 Startup Funding Update

YoStartups Team

The Week 45 for startup funding commenced on 5th November 2018 and here is an update on what went down in this week of funding.  Last week, 297 deals were signed to raise $4.45 billion in addition to another 77 deals that were signed as well but whose investment amount was not disclosed. This marks a 10.81% decrease in the number of deals and a 22.03% decrease in the investment amount raised as compared to the statistics of the previous week

Startup Funding Stage Highlights

Series A round of funding has taken the lead this week when it comes to the total number of deals signed, while on the other hand, unclassified venture funding rounds have shined with the maximum amount invested in total. Although, the venture funding rounds saw an overall decrease of 39.6% in the number of deals and a fall of 48.7% in the amount invested. Seed Funding too saw a fall of 33.3% in the number of deals and a rise of 43.75% in the investment amount raised.

Excelling Industries in Week 45 of  Startup Funding

As per the research conducted by Yostartups‘ team, the top five sectors to shine in the Week45 for startup funding are

FinTech

Media & Entertainment

Software & SaaS

Health & Wellness

Hardware & Manufacturing

These five sectors have recorded the highest number of deals in Week 45 accounting for 51.8% of the total disclosed deals.

When we talk about sectors that performed well by raising impressive amounts in this funding round, the following sectors lead with a combined investment received of $3.04 billion.

Hardware & Manufacturing

Travel & Tourism

Transportation & Logistics

Fintech

Medtech

The average investment raised during Week 45 of funding is $20.26 million.

Startup Funding Highlights of the Week –Notable Companies and Investors

Week 45 of 2018, saw two companies each in the hardware & manufacturing, travel & tourism and fintech sectors feature in the top startup funding highlights.

View, a US-based company raised $1.1 billion from Softbank Vision Fund. The company has revolutionised something as simple as windows and offers a dynamic glass technology that tints automatically in response to weather conditions and user preference contributing towards increasing productivity and increasing energy efficiency of buildings.

Valens Semiconductor, another Hardware company, based in Israel, raised $63 million from Oppenheimer & Co. Inc. and Linse Capital. Valens Semiconductor is a fabless chip company providing semiconductor products for distribution of uncompressed HD multimedia content.

FIntech Companies that Shined in Week 45

CFPA Microfinance Management Co, a China-based company, and TransferWise, a UK based company raised $144.5 million and $84.5 million respectively. While CFPA Microfinance raised this amount in Series C round from The Rise Fund, TransferWise raised their funding as Debt Financing from Natwest Bank, LHV Venture and JP Morgan.

CFPA Microfinance is a small microfinance institution that focuses on the rural market and TransferWise is a money transfer service allowing private individuals and businesses to send money outside the country without hidden charges.

Travel & Tourism Companies that Shined in Week 45

Tink Labs, a technology-based company in the travel and tourism sector, raised $300 million from undisclosed investors. The company has developed an integrated device combining the functionality of a smartphone with the benefits of in-room hotel phone services. The handy platform has been used by over 10 million visitors globally and is steadily increasing its customer base.

TripActions, another technology-based travel and tourism raised $154 million from Andreessen Horowitz. TripActions’ vast selection of inventory and a personalised, intuitive user interface, facilitates faster and more comfortable travel bookings. The startup allows companies to enjoy complete travel program visibility and seamless integrations with their HR and expense systems.

Other Notable Startups Highlighted in Week 45

These are some of the other notable deals that happened during this week of funding.

Grab, a Singapore based ride-hailing platform raised $300 million from Hyundai Motor Company and Kasikorn Bank.

Nested, the UK based Real Estate firm raised $129.7 million from Northzone and Balderton Capital in equity financing and other undisclosed investors in debt financing. It is a data-driven estate agency that provides credit to help clients buy a new home before they have sold their other assets.

Mirum Pharmaceuticals, a US-based clinical-stage therapeutics company, raised $120 million from New Enterprise Associates. Jiexing Xinyuan, an Information Technology firm that engages in the technology development for mobile Internet information security raised $72.3 million from Hefei High Tech Industry Investment.

Startup Funding Highlights of the Week –Notable Countries of this Week

In startup funding and investments, 293 companies from 40 countries raised investments in Week 45 of funding. Compared to week 44, this marks a 9.29% decrease in the number of startups that raised investments and a 9.09% decrease in the number of countries that saw investments flow in.

The United States continues its enviable lead both in terms of the number of deals and investment amounts. However, compared to the previous week, Week 45 saw a fall in the number of deals in the US by 23.53% and a decrease in the investment amount by 14.85%. Comparatively, the United Kingdom saw an 11.54% rise in the number of deals and a double fold increase in the investment amount from Week 44.

China saw a 23.53% fall in the number of deals and a 14.85% fall in the investment amount.

So these were the highlight of Week 45 of Startup funding in 2018, keep watching this space for more updates from the upcoming funding weeks.

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