Back to Blog

$500 Million Raised by 30 Alums in Q3 2016

moneybag_goldcoinsFinovate/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)

  1. OurCrowd: $72 million
  2. Interactions: $56 million
  3. Ripple: $55 million
  4. Finova Financial: 52.5 million
  5. LendUp: $47 million
  6. Behalf: $27 million
  7. Capriza: $23 million
  8. Signifyd: $19 million
  9. Jumio: $15 million
  10. Juvo: $14 million

Here is our detailed alum funding report for Q3 2016.

July 2016: More than $55 million raised by eight alums

August 2016: More than $256 million raised by twelve alums

September 2016: More than $182 million raised by nine alums

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.