The Week 48 for startup funding commenced on 26th November 2018 and here is an update on what went down in this week of funding. Last week, 286 deals were signed to raise $6.37 billion. In addition, another 46 deals were signed as well but whose investment amount was not disclosed. This marks a 2.79% increase in the number of deals and a 5.78% 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, Debt Financing has shined with the maximum amount invested in total. Last week, the Venture funding rounds saw a 29.82% increase in the number of deals and a 5.47% decrease in the investment amount. Seed funding saw an 8.75% decrease in the number of deals; however, the investment amount raised went up by 34.49%.
As per the research conducted by Yostartups team, the top sectors to shine in the Week 48 for startup funding are FinTech, MedTech, Health & Wellness, E-Commerce, and Software & SaaS. These sectors have recorded the highest number of deals in Week 48 accounting with 48.95% of the total disclosed deals. When we talk about industries that performed well by raising impressive amounts last week, MedTech, FinTech, Media & Entertainment, Transportation & Logistics, and Software & SaaS lead with a combined investment received of $3.76 billion. The average investment raised during Week 48 of funding is $22.28 million.
Funding Highlights of the Week – Companies and Investors
The funding highlights of week 48 had diverse companies from FinTech, Transportation & Logistics, MedTech, Real Estate and Cybersecurity.
Judo Capital, an Australia based FinTech company, raised $350 million from Credit Suisse. Judo is a lender powered by the latest tech providing personal service to SME’s. Bright Health, a FinTech company in the Health and Wellness industry raised $200 million from Meritech Capital Partners and Declaration Partners. Bright Health provides tech-enabled consumer insurance plans for individuals across the country. Oriente, a Hong Kong based company that provides digital financial services marketplace in emerging Asia, raised $105 million from Sinar Mas Group, Berjaya and JG Summit Holdings.
In the Transportation & Logistics sector, ChargePoint raised $240 million from Quantum Energy Partners. ChargePoint, based in the US, is an open electric vehicle charging network. Juma Peisong, a logistics and delivery service provider based in China, raised $216 million from Sino-Ocean Group and Global Logistic Properties.
In the MedTech sector, two US-based companies, Auris Health and WuXi NextCODE, raised $220 million from Partner Fund Management, and $200 million from Ireland Strategic Investment Fund, respectively. Auris Health develops robotics technology for medical applications. WuXi NextCODE is a genomic information company that uses sequence data to improve health for people around the world.
Real Estate saw two companies figure in the funding highlights of week 48. Urbanest, an Australia based company that provides student accommodation, raised $160 million from M&G Investments. Property Finder, a UAE based company that operates real estate portals across the Middle East and North Africa, raised $120 million from General Atlantic.
Additionally, 360 Enterprise Security, a China-based Cybersecurity company that provides new-generation security products and security services, raised $180 million from undisclosed investors.
Overall in week 48 in startup funding and investments, 326 companies in 42 countries raised investments. Compared to week 47, this marks a 3.16% increase in the number of startups that raised investments and a 4.55% 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 48 startup funding update, the number of deals in the US rose by 23.68%, while the investment amount increased by 85.26%. China saw an increase in the number of deals by 10.87%, while the investment amount fell by 12.11%. Comparatively, the United Kingdom saw a 6.67% fall in the number of deals, however, the investment amount more than tripled, compared to week 47.
This article is from Yostartups, YoStartups is a Pre Accelerator, and it empowers entrepreneurs to propel their business ideas into successful ventures. Yostartups’ core mission is to take the message of entrepreneurship to 1 billion people globally by 2020.
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