The Week 49 for startup funding commenced on 3rd November 2018 and here is an update on what went down in this week of funding. Last week, 242 deals were signed to raise $5.94 billion. In addition, another 36 deals were signed as well but whose investment amount was not disclosed. This marks a 16.27% decrease in the number of deals and a 6.68% decrease in the investment amount raised, as compared to the statistics of the previous week.
Update from Week 49 of 2018 for Startup Funding
Seed round of funding took the lead last week when it comes to the total number of deals signed, while on the other hand, Series C has shined with the maximum amount invested in total. Last week, the Venture funding rounds saw an 8.11% decrease in the number of deals and an 11.23% increase in the investment amount. Seed funding saw a 16.44% decrease in the number of deals; however, the investment amount raised went up by 20.44%.
Highlights from Week 49 of 2018 for Startup Funding – Industry update
As per the research conducted by Yostartups team, the top sectors to shine in the Week 49 for startup funding are Software & SaaS, Health & Wellness, MedTech, Media & Entertainment, and FinTech. These sectors have recorded the highest number of deals in Week 49 accounting for 50.2% of the total disclosed deals. When we talk about industries that performed well by raising impressive amounts last week, FinTech, Transportation & Logistics, and Software & SaaS lead with a combined investment received of $3.62 billion. The average investment raised during Week 49 of funding is $24.28 million.
Highlights from Week 49 of 2018 for Startup Funding – Companies and Investors updates
The funding highlights of week 49 for startup funding were dominated by Transportation and Logistics companies, although the billion dollar investment was in the Fintech sector.
ParkJockey, a United States based company with a mission to take the hassle out of parking, raised $800 million from Softbank. Keking, a logistics information and services platform operator based in China, raised $145 million from Centurium Capital and Ant Financial. Beijing TransWiseway Information Technology, another China-based firm raised $102 million from Ant Financial. TransWiseway is a firm that develops transportation information service systems and applications for traffic monitoring projects. Skip Scooters, a US-based firm that operates shared electric scooters for reliable last-mile transportation, raised $100 million from unknown investors.
In the FinTech sector, Lufax, an online marketplace for the trading of financial assets based in China, raised $1.33 billion from Primavera Capital Group. Cross River Bank, a US-based financial institution in the banking industry, raised $100 million from KKR and Co. Cross River offers consumers and businesses with banking services and loan products.
US-based companies dominated the top investments in the Software and SaaS sector. Vantage Data Centres, a company that provides data centre solutions, raised $225 million from unknown investors. Looker, a company that uses business intelligence to make data accessible to organisations and data analysts, raised 103 million from PremjiInvest.
Additionally, Selina, a UK based co-working and travelling hospitality service that combines beautifully-designed accommodation with co-working spaces, wellness and recreational offerings, raised $150 million from DD3 Capital Partners. CuriosityStream, a US-based Media and Entertainment company raised $114 million from unknown investors. CuriosityStream is an ad-free subscription video-on-demand service.
Highlights from Week 49 of 2018 for Startup Funding – Country updates
Overall in week 49 in startup funding and investments, 279 companies in 42 countries raised investments. Compared to week 48, this marks a 14.42% decrease in the number of startups that raised investments. 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 49 startup funding update, the number of deals in the US rose by 10.64%, while the investment amount increased by 12.46%. China saw a decrease in the number of deals by 31.37%, while the investment amount doubled compared to the previous week. Comparatively, the United Kingdom saw a 42.86% fall in the number of deals, and a 77.54% decrease in the investment amount raised, compared to week 48.