The Week 51 for startup funding commenced on 17th December 2018 and here is an update on what went down in this week of funding. Last week, 260 deals were signed to raise $7.97 billion. In addition, another 68 deals were signed as well but whose investment amount was not disclosed. This marks a marginal decrease in the number of deals and a 12.4% increase 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, Series C has shined with the maximum amount invested in total. Last week, the Venture funding rounds saw a 6.9% decrease in the number of deals, while the investment amount raised increased by 73.2%. Seed funding saw a 16.5% decrease in the number of deals; however, the investment amount raised went up by 1.3%.
As per the research conducted by Yostartups team, the top sectors to shine in the Week 51 for startup funding are Software & SaaS, MedTech, FinTech, Media & Entertainment, and Transportation & Logistics. These sectors have recorded the highest number of deals in Week 51 accounting for 55% of the total disclosed deals. When we talk about industries that performed well by raising impressive amounts last week, Transportation & Logistics, MedTech, Food & Beverage, Media & Entertainment, and FinTech lead with a combined investment received of $5.18 billion. The average investment raised during Week 51 of funding is $30.67 million.
Startup Funding Highlights of the Week – Companies and Investors
Food & Beverage recorded the highest deal among the Funding highlights of week 51, while Transportation & Logistics dominated the highlights with three deals. Swiggy, an India based company raised $1 billion from Naspers. Swiggy provides a food ordering and delivery solution from the neighbourhood restaurants to the urban foodie.
In the Transportation & Logistics sector, Cambridge Mobile Telematics raised $500 million from Softbank Vision Fund. Cambridge uses a telematics and behavioural analytics solution to improve road safety. Fair, a US-based car leasing company, raised $385 million from Softbank. Fuyou Kache, a China-based online truck logistics platform, raised $170 million from Matrix Partners and Bank of China Group Investment.
The other highlights of the week is a diverse set from various sectors. Space X, the US-based Aerospace company, raised $500 million from Baillie Gifford. Relay Therapeutics raised $400 million from Softbank Vision Fund. Relay therapeutics is based in the US and analyses the movement of proteins inside human cells. Woowa Bros, a South Korea based Media and Entertainment company, raised $320 million from Hillhouse Capital Group. Woowa Bros develops smartphone applications and advertising platforms. Insikt, a US-based Fintech firm, raised $210 million from undisclosed investors. Insikt has developed a platform that enables brands to lend to customers through Lending as a Service. Graphcore, a UK based AI and Robotics company raised $200 million from Microsoft and BMW i Ventures. Graphcore’s server hardware system accelerates the processing of complex machine learning models for training and inference. Qingdao Eoroom Technology, a China-based home automation builder, raised $173 million from CICC.
Country Update – 2018 Week 51 Startup Funding
Overall in week 51 in startup funding and investments, 327 companies in 43 countries raised investments. Compared to week 50, this marks a marginal change 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 51 startup funding update, the number of deals in the US fell by 3.5%, while the investment amount increased by 44.1%. China saw a decrease in the number of deals by 10.87%, while the investment amount increased by 45.9%. Comparatively, the United Kingdom saw a 10% rise in the number of deals, and a 10.94% increase in the investment amount raised, compared to week 50.