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.
In the second quarter of 2013, 15 alums raised more than $200 million. This was a major improvement on the second quarter from 2012, which featured 14 companies raising more than $120 million.
Total raised for Q2 2014 = $594 million
April — $217 million raised by 11 companies
- Betterment – $32 million – blog post
- The Currency Cloud – $10 million – blog post
- LearnVest – $28 million – blog post
- Lending Club – $65 million (equity portion of debt and equity deal) – blog post
- Ondot Systems – $18 million – blog post
- SeedInvest – $2 million – blog post
- ShopKeep POS – $25 million – blog post
- Signifyd – $2 million – blog post
- Tuition.io – undisclosed – blog post
- Wealthfront – $35 million – blog post
May — $226 million raised by 11 companies
- App Annie – $17 million – blog post
- BodeTree – $2 million – blog post
- Dashlane – $22 million – blog post
- DemystData – $5 million – blog post
- FutureAdvisor – $15 million – blog post
- Holvi – undisclosed – blog post
- Kabbage – $40 million – blog post
- Motif Investing – $35 million – blog post
- RevolutionCredit – undisclosed – blog post
- Swipely – $20 million – blog post
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