In the first quarter of 2014, 23 Finovate alums raised more than $592 million
And as the second quarter draws to a close, it’s clear that a comparable cohort of alums have kept the pace.
Over the course April, May, and June, 28 alums raised significant amounts of capital ranging from Gremln’s $100,000 to the $65 million raised by Lending Club. The quarterly total of $594 million is almost exactly the same as the previous quarter.
And given that some amounts are undisclosed (I’m talking about you, Holvi, RevolutionCredit, and Tuition.io), we’re confident that Finovate alums have notched their second $600 million fund-raising quarter in a row.
How does this compare with the less recent past? Very well, indeed.
Total raised for Q2 2014 = $594 million
April — $217 million raised by 11 companies
May — $226 million raised by 11 companies
June — $151 million raised by six companies
Note: Funding prior to becoming a Finovate alum not included. Questions? Comments? Email us at David@Finovate.com or Julie@Finovate.com