To wrap up 2011, we’ve compiled a list of all of the funding Finovate alumni received over the course of the year.
The results were impressive:
- A total of 34 companies received funding, some more than once
- The companies collectively raised over $423 million dollars
- The months with the highest number of companies receiving funding were June August, both with 8 companies
- The highest amount of funding came in the month of June, when the alumni brought in over $124.4 million
Here is a month-by-month breakdown of funding received:
January — $40.8 million raised by 3 companies
- Kony Solutions: $19.1 million — Blog post
- On Deck Capital: $15 million — Press release
February — $10.3+ million raised by 3 companies
- eToro: $8.3 million — Press release
March — $20.4 million raised by 4 companies
- Bobber Interactive: $1.4 million — Press release
- Credit Sesame: $6.2 million — Press release
- Guardian Analytics: $11 million — Blog post
June — $124.4 million raised by 8 companies
- Balance Financial: $1.5 million — Blog post
- Dynamics: $35 million — Press release
- Prosper: $17.2 million — Press release
- Silver Tail Systems: $20 million — Blog post
July — $1.1 million raised by 1 company
- Continuity Control: $1.1 million — Blog post
August — $103.4 million raised by 8 companies
- edo Interactive: $20 million — Press release
- Lending Club: $25 million — Blog post
- miiCard: $900k — Press release
- On Deck Capital: $19 million — Blog post
- peerTransfer: $7.5 million — Press release
- Xero: $4 million — Press release
September — $33 million raised by 1 company
- Cardlytics: $33 million — Blog post
October– $22 million raised by 2 companies
- CashStar: $12 million — Press release
November — $16.3+ million raised by 3 companies
- SecondMarket: $15 million — Press release
December — $52.2 million raised by 5 companies
- Bill.com: $15.5 million — Press release
- Kabbage: $12 million — Press release
- mFoundry: $18 million — Press release
Note: Funding that companies received before they demonstrated at Finovate was not counted. If you see any funding that is not on this list, please send the name of the company along with a link to the funding information to julie@netbanker.com and I will add it.
