Finovate alums raised about $1.1 billion in the third quarter of 2015.
The fundraising in Q3 of this year is more than 5x last year’s Q3 tally of $194 million, and 6x the 2013 total of $171 million. The number of deals was up as well: 40 last quarter compared to 17 in Q3 a year ago, and 23 in Q3 2013.
There were also four acquisitions:
- Envestnet paid $660 million to acquire Yodlee
- Prosper agreed to buy BillGuard for $30 million
- Blackrock acquired FutureAdvisor
- Urban FT acquired Wipit
Top 1o Fundings in Q3:
- Twilio: $130 million
- Kabbage: $120 million
- Behalf: $119 million
- Kreditech: $92 million
- Fenergo: $75 million
- ShopKeep: $60 million
- BankBazaar: $60 million
- Radius: $50 million
- Payoneer: $50 million
- RealtyMogul: $35 million
Total: $1.07 billion raised by 40 alums
July: $748 million raised by 16 alums
- Apprenda: $24 million – post
- BankBazaar: $60 million – post
- Behalf: $119 million – post
- Dealstruck: $24 million – post
- Expensify: $17.5 million – post
- Fastacash: $15 million – post
- Fenergo: $75 million – post
- Kabbage: $120 million – post
- Karmic Labs: $5 million – post
- Malauzai: $11 million – post
- Nearex: undisclosed – post
- Radius: $50 million – post
- RealtyMogul: $35 million – post
- Revolut: $2.3 million – post
- ShopKeep: $60 million – post
- Twilio: $130 million – post
August: $153 million raised by 12 alums
- AnchorID: $200,000 – news
- CashStar: $15 million – post
- Digital Retail Apps: $770,000 – post
- Kensho: $33 million – post
- Mogl: $7.9 million – post
- Payoneer: $50 million – post
- Socure: $2.5 million – post
- StockViews: $16,000 – post
- SumUp: $11 million – post
- Tio Networks: $1.7 million – post
- Tyfone: $6.6 million – post
- VATBox: $24 million – post
September: $173 million raised by 12 alums
- Alkami Technology: $11 million – news
- Blooom: $50,000 – post
- Cloud Lending Solutions: $8 million – post
- Coinalytics: $1.1 million – post
- CoverHound: $33 million – post
- Ellevest: $10 million – post
- InForcePro: $4 million – post
- Kreditech: $92 million – post
- MX: $4 million – post
- Praesidio: $3 million – post
- TradingTicket: $4 million – post
- Trunomi: $3 million – post
If you are an alum that raised money in the third quarter of 2015, and do not see your company listed, please drop us a note at research@finovate.com. We are eager to share your good news! Funding received prior to becoming a Finovate alumnus is not included in our research.