The Week for startup funding commenced on 19th November and here is an update on what went down in this week of startup funding. Last week, 277 deals were signed to raise $6.76 billion. In addition, another 46 deals were signed as well but whose investment amount was not disclosed. This marks a 12.94% decrease in the number of startup funding deals and a 29.49% decrease in the investment amount raised, as compared to the statistics of the previous week.
Funding Stage Highlights
Seed round of funding took the lead last week when it comes to the total number of deals signed, while on the other hand, Private Equity rounds have shined with the maximum amount invested in total. Last week, the Venture funding rounds saw a 35.23% decrease in the number of deals and a 27.29% decrease in the investment amount. Seed Funding too saw an 11.82% decrease in the investment amount raised, however, the number of deals went up by 3.9%.
As per the research conducted by Yostartups team, the top three sectors to shine in the Week 47 for startup funding are FinTech, Media & Entertainment and Software & SaaS.
These sectors have recorded the highest number of deals in Week 46 accounting for 35.74% of the total disclosed deals. When we talk about industries that performed well by raising impressive amounts in this funding round, E-Commerce and MedTech lead with a combined investment received of $4.12 billion. The average investment raised during Week of funding is $24.42 million.
Funding Highlights of the Week – Companies and Investors
E-Commerce companies in Eastern and South-Eastern Asia dominated the startup funding highlights of Week. Softbank Vision Fund funded two companies – Coupang in South Korea and Tokopedia in Indonesia. While Coupang raised $2 billion, Tokopedia, an online marketplace that allows individuals and small & midsize business owners to open and maintain their online store, raised $1 billion.
Additionally, Xiaoqule, a China-based community-focused e-commerce platform raised $108 million from Vertex Ventures, SIG China and GGV Capital. Baibu, a China-based online fabric or cloth-trading company, raised $100 million from Tiger Global Management.
In the MedTech sector, Samumed and Stelis Biopharma raised investments. Samumed is a US-based company that conducts research and development for tissue-level regeneration and raised $440 million from Vickers Venture Partners and Starling group. Stelis Biopharma is a vertically integrated biopharmaceutical company based in India and raised $100 million from Strides Pharma Science.
Four other companies raised a cumulative of $645 million. Leapmotor, a China-based new energy car maker raised $288 million from Shanghai Electric Group Corp and CRRC. Geek+, another China-based company that develops robotics for logistics and warehousing raised $150 million from Warburg Pincus. Golden Education, again based in China, is a professional training company that raised $115 million from Morgan Stanley and Hillhouse Capital Group. Relendex,a a peer-to-peer marketplace that brings together lenders for loans secured on professionally valued properties, raised $92 million from undisclosed investors.
Overall in week 47 of 2018, in startup funding and investments update, 316 companies in 44 countries raised investments. Compared to week 46, this marks a 12.47% decrease in the number of startups that raised investments and an 8.33% 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 week startup funding update, the number of deals in the US fell by 40.16%, while the investment amount fell by 76.42%. China too saw a fall in the number of deals by 11.54%, while the investment amount fell by 29.55%. Comparatively, the United Kingdom saw a 3.45% rise in the number of deals and 77.04% rise in the investment amount raised, compared to week 46.