The number of fundings has slowed, but the flow of dollars is still massive, thanks to a pair of $100+ million rounds to stealth bitcoin startup 21 Inc ($116 million) and recurring billing-solution provider Zuora ($115 million).
Also of note:
- The rare insurance play and Finovate alum, CoverHound, added $14 million this week
- Recently public Finovate alum Q2 Holdings raised $35 million in new capital in a $116 million offering (the remainder went to existing shareholders)
In total, the 11 companies raised $303 million. In order of deal size (from 7 through 13 Mar 2015):
21 Inc
Stealth bitcoin startup
HQ: San Francisco, California
Latest round: $116 million
Total raised: $121 million
Tags: Cryptocurrency, virtual currency, blockchain
Source: Crunchbase
Zuora
Cloud-based subscription-billing services
HQ: Foster City, California
Latest round: $115 million
Total raised: $$242.5 million
Tags: Billing, payments, subscription, invoicing
Source: Crunchbase
Q2 Holdings
Digital banking solution-provider (Q2Ebanking)
HQ: Austin, Texas
Latest round: $34.6 million (new capital in $116 million follow-on public offering)
Total raised: $165 million
Tags: Online banking, mobile
Source: Finovate
Coverhound
Online car-insurance-shopping site
HQ: San Francisco, California
Latest round: $14 million
Total raised: $23.4 million
Tags: Insurance, lead generation, price comparison, automobiles
Source: Finovate
ChargeBee
Cloud-based, recurring billing solutions
HQ: Walnut, California
Latest round: $5 million
Total raised: $6.1 million
Tags: SMB, accounting, billing, invoicing, billpay, payments
Source: FT Partners
UK-based financial advisory
HQ: Preston, United Kingdom
Latest round: $2 million
Total raised: $2 million
Tags: Wealth management, investing, advisers, financial planning
Source: Crunchbase
Swiss-based bitcoin & alt-coin exchange
HQ: Switzerland
Latest round: $525,000
Total raised: Unknown
Source: Coinbase