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Finovate Alums Raise More Than $3 Billion in 2015

moneybag_goldcoinsMaybe it’s passé to say another year was a “banner year” for investment in fintech. But there is no better way to describe the more than $3 billion in funding raised by Finovate alums in 2015.

We previewed our alum funding for 2015 a few weeks ago with a look at investment in European-based alums. Now we present the numbers for the entire world.

Finovate alums by year

Highlights from 2015

  • Worldwide, 116 Finovate alums raised $3.1 billion
  • Credit Karma raised the largest amount of capital, pulling in $175 million in June. Kabbage came in second with $135 million in October.
  • April may be poetry’s cruelest month, but for Finovate alums, it was the most lucrative with $400 million raised by 15 companies. January was a close second, with $340 million raised by 14 companies.
  • April was also the biggest month for number of deals with 15. January, May, and July were a close second with 14 deals each.

Alum funding by month

December

November

October

September

Mergers & Acquisitions: Prosper signals Move into PFM with $30 Million Acquisition of BillGuard.

August

Mergers & Acquisitions: FutureAdvisor acquired by BlackRock.

July

June

May

Honorable mention: Zenefits raises $500 million (company founded by serial entrepreneur Parker Conrad, founder of alums SigFig and Wikinvest).

April

Mergers & Acquisitions: SaveUp purchased by Chicago-area entrepreneur, Paul J. Bart; Early Warning acquires Authentify

March

Mergers & Acquisitions: Multi-Factor Authentication Specialist Toopher Acquired by Salesforce; ReadyforZero Acquired by Avant in cash and stock deal; printer-giant Lexmark to acquire Kofax for $1 billion; LearnVest acquired by Northwestern Mutual for more than $250 million.

February

Mergers & Acquisitions: Samsung acquisition of LoopPay puts Apple Pay on notice.

January

Mergers & Acquisitions: Akimbo Financial acquired by Payment Data Systems.


*New alum; funds raised prior to Finovate appearance.

Funding that companies received before they first appeared at Finovate was not counted in overall totals.

Questions? Comments? Email us at research@finovate.com.