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$510 Million Raised by 22 Alums in Q2 2016

walking_sack_of_cashFinovate alums raised more than $510 million in the second quarter of 2016, down 39% compared to Q2 2015 and down 22% from last quarter. And while this number is down from the breakaway second quarter of 2015, the trend in Q2 alum funding remains on the upswing based on previous years. Q2 2016 was 11% above Q2 2014 and more than twice as much as raised in Q2 2013.

Previous Quarterly Comparisons

  • Q2 2016: More than $510 million raised by 23 alums
  • Q2 2015: More than $840 million raised by 39 alums
  • Q2 2014: More than $458 million raised by eight alums
  • Q2 2013: More than $200 million raised by 15 alums

The biggest equity deal of the second quarter was the $75 million raised by Tradeshift in June. Also noteworthy was the $50 million raised by Personal Capital, and SigFig’s $40 million financing. The top 10 investments in the second quarter totaled $327 million or 64% of the quarter’s total alum funding.

Top 10 Overall Investments (equity only)

  1. Tradeshift: $75 million
  2. Personal Capital: $50 million
  3. SigFig: $40 million
  4. Persado: $30 million
  5. TransferWise: $26 million
  6. SocietyOne: $25 million
  7. Zooz: $24 million
  8. Dashlane: $22.5 million
  9. BizFi: $20 million
  10. Azimo: $15 million

Here is our detailed alum funding report for Q2 2016.

April 2016: More than $169 million raised by six alums

  • Aire: undisclosed – post
  • BlueVine: undisclosed – post
  • Ixaris: $6 million – post
  • Persado: $30 million – post
  • Scalable Capital: $7.9 million – post
  • SocietyOne: $25 million (plus $100 million debt) – post

May 2016: More than $217 million raised by nine alums

  • Azimo: $15 million – post
  • Dashlane: $22.5 million – post
  • EZBOB: $35.5 million debt – news
  • Featurespace: $9 million – post
  • Personal Capital: $50 million – post
  • SigFig: $40 million – post
  • Tagit: $8.75 million – post
  • Tink:  $10 million – post
  • TransferWise: $26 million – post

June 2016: More than $126 million raised by seven alums

  • Bento: $7 million – post
  • BizFi: $20 million – post
  • Buzz Points: $1.8 million – post
  • CallVU: $3 million – post
  • CrowdFlower: $10 million – post
  • Passport: $8 million – post
  • TradeShift: $75 million – post

If you are a Finovate alum that raised money in the second 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.