Finovate/FinDEVr alums raised more than $490 million in the third quarter of 2016, essentially matching the investment haul from the previous quarter. The Q3 performance in 2016 fell short of the eye-popping third quarter from 2015, during which more than one billion was invested in our alums. But 2016’s third quarter still dwarfed previous third quarters in 2014 and 2013 by a large margin.
Previous quarterly comparisons
- Q3 2016: More than $500 million raised by 29 alums
- Q3 2015: More than $1 billion raised by 40 alums
- Q3 2014: More than $194 million raised by 17 alums
- Q3 2013: More than $171 million raised by 23 alums
The biggest equity deal of the third quarter was the $72 million raised by OurCrowd in September. Also notable were the $50+ million in funding scored by Interactions, Ripple, and Finova Financial. The top 10 overall investments for the third quarter of 2016 totaled $380 million or more than 76% of the quarter’s total alum funding.
Top 10 overall investments (equity only)
- OurCrowd: $72 million
- Interactions: $56 million
- Ripple: $55 million
- Finova Financial: 52.5 million
- LendUp: $47 million
- Behalf: $27 million
- Capriza: $23 million
- Signifyd: $19 million
- Jumio: $15 million
- Juvo: $14 million
Here is our detailed alum funding report for Q3 2016.
July 2016: More than $55 million raised by eight alums
- Alkami: $3.7 million – news
- Capriza: $23 million – post
- Coinbase: $10.5 million – post
- P2Binvestor: $5.1 million – news
- Quantopian: $2 million – post
- Revolut: $8.7 million – post
- Spiff: $150,000 – post
- StockTwits: $2 million – post
August 2016: More than $256 million raised by twelve alums
- Behalf: $27 million – post
- CUneXus: $5 million – post
- Finova Financial: $52.5 million – post
- ID.me: $3.7 million – post
- Interactions: $56 million – post
- Jumio: $15 million – post
- LendUp: $47 million – post
- Meniga: $8.2 million – post
- NYMBUS: $12 million – post
- Pindrop: $5.8 million – post
- SelfScore: $7 million – post
- UpGuard: $17 million – post
September 2016: More than $182 million raised by nine alums
- Boku: $13.75 million – post
- Juvo: $14 million – post
- OurCrowd: $72 million – post
- Payworks: $4.5 million – post
- Ripple: $55 million – post
- Signifyd: $19 million – post
- SocietyOne: $1.5 million – post
- Trunomi: $3 million – post
- Wealthforge: $2.5 million (convertible debt) – post
If you are a Finovate/FinDEVr alum that raised money in the third quarter of 2016, and do not see your company listed, please drop us a note at research@finovate.com. We would love to share the good news! Funding received prior to becoming an alum not included.