Finovate alums raised more than $2.2 billion in financing in 2014. More than three-quarters ($1.8 billion) was equity and a quarter ($400 million) was debt.
The tally for 2014 shows that financiers continue to find fintech a worthwhile destination for their capital. After bringing in more than $825 million in 2013, Finovate alums increased their fundraising by more than 70% this year.
Here are a few highlights:
Most Raised in a Single Round: The biggest single raise of 2014 is best looked at three different ways. In terms of the best overall job of fundraising, Kabbage’s $270 million debt financing stands out. Lending Club’s $865 million IPO is tops in the “IPO Category” (with On Deck Capital’s $200 million IPO coming in second). Taking home top honors for best single venture round is Credit Karma ($85 million in March), with a $75 million raise from TradeShift and $70 million raise from Prosper close behind.
Biggest Quarter: The biggest quarter for fundraising was Q4, in which more than $1.4 billion was raised. The fourth quarter featured major fundings for Credit Karma ($75 million) and BlockChain ($30.5 million), as well as major IPO-related investments from Lending Club ($865 million), Yodlee ($75 million), Monitise ($77m), and On Deck ($200 million).
Biggest Month: The biggest non-IPO fundraising month was April, where more than $333 million was raised. The majority of the month’s fundraising gains came courtesy of the $270 million in debt financing secured by Kabbage. Including IPOs puts December at the top of the list, courtesy of the IPOs of Lending Club ($865 million) and On Deck.
Q1 – More than $233.4 million raised by eight companies
January
- Bank Bazaar: $13 million – blog post
February
- TradeShift: $75 million – blog post
- Zen Payroll: $20 million – blog post
- Birdback: $2.4 million – blog post
March
- Smart Asset: $5.2 million – blog post
- Credit Karma: $85 million – blog post
- Society One: $8.5 million – blog post
- Payoneer: $25 million – blog post
Q2 – More than $458 million raised by eight companies
April
- ShopKeepPOS: $25 million – blog post
- Tuition.io: undisclosed – blog post
- LearnVest: $28 million – blog post
- The Currency Cloud: $10 million – blog post
- Kabbage: $270 million (debt) – blog post
May
- DeMystData: $5 million – blog post
- Kabbage: $50 million – blog post
- Prosper: $70 million – blog post
June
- None
Q3 – More than $194 million raised by 17 companies
July
- Taulia: $27 million – blog post
August
- Continuity Control: $10 million – blog post
- EyeVerify: $6 million – blog post
- Zumigo: $6 million – blog post
- Toopher: $791,000
- SumUp: $13 million – blog post
- BlueVine: $1.5 million – blog post
September
- Bionym: $14 million – blog post
- Taulia: $13 million – blog post
- Radius: $54.7 million – blog post
- Ping Identity: $35 million – blog post
- True Accord: $5 million – blog post
- Prairie Cloudware: $2.1 million – blog post
- Patch of Land: $125,000 (debt) – blog post
- Tink: $4 million – blog post
- Payoneer: $1 million – blog post
- WealthForge: $1 million – blog post
Q4 – More than $1.4 billion raised by 26 companies
October
- Flint Mobile: $9.4 million – blog post
- D3 Banking: $7 million – blog post
- Nous: $600,000 – blog post
- Quantopian: $15 million – blog post
- AlphaPoint: $1.4 million – blog post
- TrueAccord: $250,000 – blog post
- BlockChain: $30.5 million – blog post
- BizEquity: $5.1 million – blog post
- Xpenditure: $1.25 million – blog post
- Spreedly: $750,000 – blog post
- Powerlytics: undisclosed – blog post
- Yodlee: $75 million (IPO) – blog post
- Credit Karma: $75 million – blog post
- Dwolla: $9.7 million – blog post
- Expensify: $3.5 million – blog post
November
- Monitise: $77 million (post-IPO equity) – blog post
- Kensho: $15 million – blog post
- Narrative Science: $10 million – blog post
- Kofax: $775,000 – blog post
- Advanced Merchant Payments: $5 million – blog post
- SimplyTapp: $6 million – blog post
- FinanceIt: undisclosed – blog post
December