Cheers to a new year! After ringing in 2014, we wanted take a look back at the capital raised by Finovate alumni in 2013. It was quite a year, with alums pulling in $825 million, $365 million more than in 2012 for an increase of about 80%.
2013 funding summary:
- 62 companies raised $825 million
- Q4 had the most capital, with a total of $294 million raised by 17 companies (more than half by Xero, which landed $150 million).
- October was the busiest month, with $177 million raised (mostly Xero’s $150 million)
- May was second highest with $91 million raised by 7 companies
2012 comparison
Last year Finovate alums took in almost twice as much as 2012, when 44 Finovate alums collectively raised $460 million. The chart below shows the quarter-by-quarter comparison for both years.
Quarter 1 — blog post
More than $155 million raised by 14 companies
More than $155 million raised by 14 companies
January — $57 million raised by 6 companies
February — $56 million raised by 5 companies
- Affinity Solutions: $6.75 million — blog post
- CoverHound: $5.5 million — blog post
- DeviceFidelity: $1 million debt financing — blog post
- On Deck Capital: $42 million — blog post
- Tuition.io: $1 million — blog post
March — $42 million raised by 4 companies
- DeviceFidelity: $470,000 — blog post
- SoMoLend: $2 million — blog post
- Q2 (Q2ebanking): $20 million — blog post
- Wealthfront (formerly KaChing): $20 million — blog post
Quarter 2 — blog post
More than $205 million raised by 15 companies
More than $205 million raised by 15 companies
June — $81.7 million raised by 6 companies
- Affinity Solutions: $21 million — blog post
- Kony Solutions: $18.3 million — blog post
- peerTransfer: $6.4 million — blog post
- Personal Capital: $25 million — blog post
- Receivables Exchange: $10 million — blog post
- SeedInvest: $1 million — blog post
May — $91.5 million raised by 7 companies
- Cardlytics: $40 million — blog post
- Dwolla: $16.5 million — blog post
- On Deck Capital: $17 million — blog post
- OpenCoin: undisclosed — blog post
- SumUp: undisclosed — blog post
- Swipely: $12 million — blog post
- TransferWise: $6 million — blog post
April — $32 million raised by 2 companies
- Credit Karma: $30 million — blog post
- Zooz: $2 million — blog post
Quarter 3 — blog post
More than $171 million raised by 22 companies
More than $171 million raised by 22 companies
July — More than $63 million raised by 8 companies
August — More than $26 million raised by 6 companies
September — $82 million raised by 9 companies
- MyHero/TradeHero: $10 million — blog post
- Azimo: $1 million — blog post
- Lendio: $4.5 million — blog post
- Prosper: $25 million — blog post
- P2B Investors: $1.2 million — blog post
- Wipit: $1.1 million — blog post
- Narrative Science: $11.5 million — news story
- Numbrs: $3.8 million — blog post
- Check: $24 million — blog post
Quarter 4
More than $294 million raised by 17 companies
More than $294 million raised by 17 companies
October— $177 raised by 6 companies
November — More than $87 million raised by 7 companies
December — More than $30 million raised by 6 companies
- doxo: $3.5 million – blog post
- Flint Mobile: $2 million — blog post
- Heckyl Technologies: more than $3.5 million — blog post
- peerTransfer: $6.2 million – blog post
- Tradeshift: $15 million — blog post
- Trustev: $500k — blog post
Note: Funding that companies received before they first appeared at Finovate was not counted. Questions? Comments? Email us at julie@finovate.com or david@finovate.com.
