P2P and marketplace under autocommerce drew the most funding among the large upcoming sectors in the auto tech space as online dealer and consignment formed niche upcoming sectors in this space.
Image may be NSFW. Clik here to view.There was no change in the total funding dollars from the previous year as total funding rounds fell by 57%.
Image may be NSFW. Clik here to view.By stage, funding dollars surged by 110% for late, fell by 15% for early and 66% for seed.
Image may be NSFW. Clik here to view.Average ticket size climbed by 136% from the previous year for Series B investments as it remained constant for seed and fell by 45% for Series A.
Top investments in this space till date include Youxinpai’s Series E round of $500M of January 2017 and Maihaoche’s PE round of $434M of March 2017.
Image may be NSFW. Clik here to view.Top investor by stage of entry includes Y Combinator for seed, Legend Capital for Series A and B and Warburg Pincus for later stage.
AutoTrader’s IPO was the only IPO in this space that took place in 2015 as 16 acquisitions marked this space with KAR Auction Services picking up Drivin Dealer for $43M being the biggest disclosed deal value.
Image may be NSFW. Clik here to view.Auto Commerce has historically drawn the most investment ($8B) with financial services ($797M) following a close second in the auto tech landscape as $5.14B have been invested in this sector between 2016-17 YTD.
Note: You can download the full-version of this report here.
A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
Instacred (2016, Mumbai), online platform for purchase financing. Founder is ex-Microsoft Ventures Accelerator, McKinsey & Company, Co-Founder of mXact & Firefly and is an alumnus of MIT, University of Wisconsin and IIT – Bombay. Local comparables are ZestMoney(2015, Bangalore, $8.5M) and Kissht (2015, Mumbai, $2.7M). Global comparables are Affirm(2012, SF, $420M) and Greensky (2006, Atlanta, $410M).
INDIA INTERESTING NEWS
TheMomsCo (2016, Gurgaon), private label brand for personal care and wellness products for pregnant women, raises $1M in funding from DSG Consumer Partners and Saama Capital. Link
Ask Arvi (2017, Mumbai), personal insurance assistant platform, raises an undisclosed amount in funding led by Jang Capital LLC and others. Link
Boonbox (2012, Chennai), assisted e-commerce provider in small towns, raises an undisclosed amount in pre-Series A round of funding from Keiretsu and IAN. Link
Buyfie (2016, Thiruvananthapuram), hyperlocal shopping app, gets shortlisted for South Korea’s-In2Korea accelerator programme. Link
Kheyti (2015, Hyderabad), greenhouse and end-to-end farm enabling services provider, gets shortlisted for MassChallenge-Israel accelerator programme and is awarded a cash prize of $42k. Link
GLOBAL ROUNDUP
TNG FinTech Group (2013, Hong Kong), financial technology company, raises $115M in Series A round of funding led by New Margin Capital, with participation from Nogle Group, and Infinity-KBR Group. Link
HighRadius (2006, Houston), provider of cloud-based accounts receivable solutions, raises $50M in funding from Susquehanna Growth Equity. Link
RealtyShares (2013, Mountain View), crowdfunding platform for real estate investments, raises $28M in Series C round of funding from Cross Creek Advisors, Danhua Capital, Barry Sternlicht, Bow Capital, Union Square Ventures, General Catalyst Partners and Menlo Ventures. Link
Satispay (2013, Milan), independent payment network, raises $21.8M in Series B round of funding led by Iccrea Banca, Banca Popolare Etica, Banca Sella Holding and Shark Bites. Link
Genenta (2014, Milan), developer of novel gene transfer strategies for tumor treatment, raises $8.4M in Series B round of funding from a group and angel investors. Link
Renovate America, a provider of home-improvement financing, closed a $40M credit facility from ING Capital. Link
Guestroom control, energy and water management systems for hospitality sector provider Interel, secured $11.9M funding from Jolt Capital. Link
Keppel T&T invests $10M in Nautilus, a startup with patented water-cooling data center technology. Link
Lighting products manufacturer Deco Enterprises secured $8M funding from Siena Funding. Link
AI enabled plasma lighting system developer for plants iUNU, received $6M from Reddit’s Alexis Ohanian, NFL legend Joe Montana and others. Link
Enterprise energy and asset management provider Powerhouse Dynamics raises $2M funding from an undisclosed investor as per SeC filing. Link
Labrador, a smart energy monitoring for homes, secured over $1.3M funding from Hambro Perks and over 30 investors. Link
Grid Edge, an artificial intelligence to predict future energy demand in buildings, secured $257k from Ignite. Link
SOME INTERESTINGSTARTUPSFOUND
Grid Edge (2016, Birmingham, $257k) – Artificial intelligence to predict future energy demand in buildings by using regression based predictive learning algorithms. Greenstorc (2017, London) – Low-heat geothermal to energy and industrial waste heat recovery. Currently in the research stage.
LEADER BOARD – ENERGY EFFICIENCY
Products – Lighting – Material & Component Manufacturers Bridgelux (2002, Sunnyvale, $219M, Acq.) – LED chip manufacturing company. Backed by El Dorado Ventures, VantagePoint Capital Partners, Craton Equity Partners and Passport Capital. Acquired by China Electronics Corporation in 2015.
Products – Lighting – Finished Products – LED Lighting Science Group (2004, Melbourne, IPO) – Manufactures different shapes of LED bulbs and invented biologically corrected lighting. Backed by Riverwood Capital and Pegasus Capital. Went public in 2008. Cree (1987, Durham, IPO) – Manufactures LED components, and semiconductor products for power and radio-frequency (RF) applications. Went Public in 1993.
Products – Lighting – Finished Products – OLED Novaled (2003, Dresden, $35M, Acq.) – Provides organic materials and complementary technologies for organic light-emitting diodes (OLEDs) in display and lighting. Acquired by Samsung in 2013.
Products – Thermal Energy – Insulation Aerogel (2001, Northborough, IPO) – Provides thermal management and energy conservation insulation solutions. Backed by Mount Royal Ventures, Arcapita Ventures, Lehman Brothers, RockPort Capital Partners, Reservoir Capital Group, Tenaya Capital.
Products – Thermal Energy – HVACR – Heating System Heat (2012, Moscow, $500k) – Energy efficient radiators which help in reducing energy consumption and increasing savings. Backed by Genezis Capital.
Products – Thermal Energy – HVACR – Cooling TAS Energy (1999, Houston, $60M) – TAS Energy manufactures energy efficient chilling and cooling systems. Backed by KPCB and Element Partners.
Products – Construction – Pre-Fabricated View Dynamic Glass (2007, Milpitas, $646M) – Smartglass on which tint level can be modified by the user using smartphone to admit only light and reject glare. Backed by Khosla Ventures, DBL Investors, Sigma Partners, Navitas Capital, The Westly Group.
Energy Management Systems – BEMS GridPoint (2003, Arlington, $294M, Acq.) – Energy management systems using big data analytics to monitor and manage energy-consuming assets, such as HVAC and lighting systems. Backed by Goldman Sachs, Skypoint Capital, Advantage Capital Partners, Craton Equity Partners. Acquired by TFC Utilities in 2015. Distech Controls (1995, Brossard, $37M, Acq.) – Building energy management system that provides integration of HVAC, lighting, access control, CCTV, energy management, and other building systems. Backed by Export Development Canada, Enertech Capital. Acquired by Acuity Brands in 2015.
Energy Management Systems – IEMS Energy and Power Solutions (2001, Costa Mesa, $50M, Acq.) – Energy Management System with real-time information collected at the equipment level, across a customer’s entire enterprise. Backed by NGEN, Robeco, Altira Group. Acquired by Ameresco in 2011.
Energy Management Systems – HEMS There Corporation (2009, Helsinki, $5.8M) – Home energy management system. Offer smart boiler control, dual fuel control for air and gas heated houses, comfort control. Backed by VNT Management.
Device Level Management Systems – HVAC Management – Residential – Thermostats Nest Labs (2010, Palo Alto, $80M, Acq.) – Provides thermostats for monitoring home energy consumption. Backed by KPCB, Google Ventures, Lightspeed Venture Partners and Shasta Ventures. Acquired by Google in 2014. Tado (2011, Munich, $57M) – Smart AC management devices for homes. Backed by Target Partners, Shortcut Ventures, BayBG, Siemens.
Device Level Management Systems – HVAC Management – Commercial Optimum Energy (2005, Seattle, $36M) – Provides data-driven cooling and heating optimization solutions for enterprise facilities.Backed by Columbia Pacific Advisors.
Device Level Management Systems – Lighting Control Systems – BLCS Enlighted (2009, Sunnyvale, $83M) – Provides network platform with wireless sensor to collect and analyze data to intelligently adapt the lighting level. Backed by Intel Capital, KPCB, RockPort Capital Partners.
Device Level Management Systems – Lighting Control Systems – SLCS Sensity Systems (2010, Sunnyvale, $74M, Acq.) – Offers a high-speed, sensor-based, open networking platform to connect lighting systems for improving the experience. Backed by Mohr Davidow Ventures, Cisco Investments, Acuity Brands and Simon Venture Group. Acquired by Verizon in Sep, 2016.
Device Level Management Systems – Power Management Systems – Data Center Management SynapSense (2006, Folsom, $46M, Acq.) – Wireless cooling and data center asset monitoring solution. Backed by Sequoia Capital, Crosslink Capital, Frontier Venture Capital, Aeris Capital, Nth Power, Robert Bosch Venture Capital and American River Ventures. Acquired by Panduit in 2014.
Energy Monitoring Systems – Residential & Commercial Encored (2013, Seoul, $17M) – Energy tracking through app using disaggregation technologies. Backed by Formation 8, Stonebridge, LG U Plus.
Energy Monitoring Systems – Residential Bidgely (2010, Sunnyvale, $25M) – Home energy management up to appliance level without using any plug-level monitors. Backed by Khosla Ventures, Plug and Play Tech Center, E.on, RWE Global and Constellation Technology Ventures. Sense (2013, Cambridge, $19M) – Device to monitor appliances and track energy usages using electronic signatures. Backed by Charles River Ventures, Capricorn, Bolt, Shell Global, Prelude Ventures and Energy Impact Partners.
Energy Monitoring Systems – Commercial & Industrial Verdigris (2011, Moffett Field, $15.7M) – Energy analytics for better management of facilities using disaggregation techniques. Backed by Data Collective, Founder, Jabil, Verizon Ventures, StartX.
Service Providers – As-a-Service Providers UrbanVolt (2014, Dublin, $33M) – Lighting as a Service to install and maintain LED lights without any upfront cost. Backed by SUSI Partners.
Service Providers – Finance Providers Ygrene Energy Fund (2009. Santa Rosa, $185M) – Offers clean energy financing solutions for residential and commercial properties. Backed by Lightyear Capital, New Energy Capital, Virgo Investment Group.
Service Providers – Project Management Thermondo (2012, Berlin, $32M) – Energy efficient residential heating system installer. Backed by Holtzbrinck Ventures, E.on, IBB, Global Founders Capital, Rocket Internet.
Leader board includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
A daily newsletter summarizing recent activity & interesting startups globally
RECENT NOTABLE ACTIVITY – HEALTHCARE ANALYTICS
Cardiac Insight, a developer of diagnostic software and wearable medical devices raised $4.5M in Series C1 funding. Link
Swisslog Healthcare Invests in the medication management technology company PipelineRx to establish a strategic partnership. Link
MedAware which provides algorithm-rich solutions for the detection and elimination of prescription errors raised $8M in Series A funding from BD (Becton, Dickinson and Company), Gefen Capital, OurCrowd and Yingcheng City Fubon Technology. Link
Artemis Health, a company that offers a benefit optimization data platform for employers raised $16M in Series B funding led by F-Prime Capital with participation from previous investors Maverick Ventures and Kickstart Seed Fund. Link
Brighter, a software platform connecting patients, providers, and payers raised $21M in Series D funding led by General Catalyst Partners with participation from DAG Ventures and existing investors, Mayfield, Benchmark, and Tenaya. Link
AbleTo, a provider of technology-enabled behavioral health solutions raised $36M in Series D funding led by Bain Capital Ventures including Aetna. Link
Lumity, a provider of health plans and benefits decision optimization platform has raised $19M in Series B funding led by DFJ, with participation from Social+Capital Partnership and True Ventures. Link
GNS Healthcare, a precision medicine company has raised an additional $6M in equity from Amgen Ventures with participation from existing investor Alexandria Real Estate Equities. Link
PriorAuthNow, a provider of prior authorization (PA) automation platform raised $3.6M funding round led by NCT Ventures with participation from Detroit Venture Partners (DVP). Link
ExplORer Surgical, a provider of intraoperative surgical and interventional procedure workflow management and analytics platform raised $3M Series A funding led by Aphelion Capital with participation from Elliott Management, the University of Chicago, M25 Group, and the Harvard Business School Angels of Chicago. Link
Regroup Therapy, a provider of virtual staffing of psychiatrists and mental health professionals raised $6M in Series A funding led by OSF Ventures with participation from Hyde Park Angels, OCA Ventures, HLM Venture Partners, Furthur Fund and Impact Engine. Link
Truveris which provides cloud-based data analytics solutions raised $25M in Series D funding led by McKesson Ventures, with participation from Canaan Partners, New Leaf Venture Partners, Tribeca Venture Partners, and New Atlantic Ventures. Link
Signet Accel, a healthcare interoperability software company raised $8M in Series A funding led by Edison Partners. Link
Sophia Genetics, a developer of AI technology for clinical genomics raised $30M Series D funding round led by Balderton Capital with participation from 360º Capital Partners and Invoke Capital. Link
Marketware, a provider of SaaS healthcare relationship technology raised $4.5M in Series B funding led by Epic Ventures with participation from Peak Ventures. Link
Call9, a provider of emergency medicine raised $24M in Series B funding led by Redmile with participation from Index Ventures, Refactor, Y Combinator and Western Technology Investment. Link
NextGen Healthcare has completed the acquisition of EagleDream Health that provides cloud-based analytics solution for $26M. Link
RemitDATA which provides comparative data analytics technology is acquired by eSolutions for an undisclosed amount. Link
Quest Analytics which provides provider network management software and services is acquired by Vestar Capital Partners. Link
Charm Health, a provider of multi-site patient care management system was acquired by Citadel Group for $8.2M. Link
T-System, a healthcare technology company is to be acquired by FNFV Group from Francisco Partners for $200M. Link
SinfoniaRx, a provider of medication therapy management solutions is acquired by Tabula Rasa for an undisclosed amount. Link
Strathspey Crown Holdings has reached an agreement with Alphaeon Corporation to acquire the ShoutMD social media platform in its entirety, including all technology and intellectual property rights. Link
SentiAR (2017, St. Louis) – A provider of 3D visualization platform for interventional cardiac procedures. Genivity (2016, Chicago) – A provider of an AI-based finance planning solution for advisors to analyze health risks and care costs. FraudScope (2016, Atlanta) – A provider of an AI-based platform for detecting healthcare fraud, waste, and abuse.
LEADER BOARD – HEALTHCARE ANALYTICS
VALUE BASED CARE Evolent Health (2011, Virginia, IPO) – Provides healthcare technologies and services that improve clinical, operational and business outcomes. The company’s services include providing customers with a population. Onduo(2016, Minneapolis, $500M) – a JV between Sanofi and Verily focused on Diabetes. The company plans to use a combination of devices, software, medicine and professional care. The company claims to use a service-centric approach and support doctors in their efforts to treat their patients more effectively. Privia Health (2013, Viginia, $419M) – Builds and enables physician groups and clinically integrated provider networks using technology, team-based care, and wellness programs to help doctors to manage the health of their populations. Backed by Goldman Sachs, Pamplona Funds, Cardinal Partners, Brighton Health, Health Enterprise Partners and Morgan Noble.
Population Health Management MedHOK (2009, Tampa, $77.5M) – Provides a SaaS-based platform that uses predictive analytics to allow payers to identify and target member health risks, trigger workflow interventions, and improve the quality of care. Backed by Spectrum Equity and Bain Capital Ventures. Humedica (2008, Boston, $63M, Acq) – Provides analytics solutions for healthcare providers to create a longitudinal view of individual patients and patient populations by gathering, normalizing, and analyzing data from EHRs, practice management, claims data. Backed by NorthBridge and Bain Capital Ventures.
Patient Engagement Accolade (2007, Pennsylvania, $163M) – Provides consumer healthcare engagement and influence solution for large self-insured employers and payer organizations. Backed by Mckesson, Carrick Capital Partners, Com Cast Ventures. PatientPoint (1987, Cincinnati, $140M) – Develops patient engagement solutions for healthcare providers at the point of care. Backed by Searchlight Capital, Silver Point Capital, Catterton.
Medication Adherence Proteus Digital Health (2001, California, $404M) – Digital medicine platform includes unique measurement tools like sensor enabled pills, a biometric sensor patch worn on the body that receives data from sensors and sends it to the cloud, from where it can be analyzed using a smartphone app by doctors and caregivers. Backed by Novartis, Medtronic, Oracle, KP Ventures.
Care Coordination Remedy Partners (2006, San Franciso, $96M) – Enables healthcare providers in developing and operating patient-centric episodic payment programs. Backed by Bain Capital Ventures. PatientSafe Solutions (2002, San Diego, $88.5M) – Provides smart point-of-care mobile solutions and innovating technologies enabling accountable care for healthcare organizations. Its flagship product, the PatientTouch System, delivers measurable safety and quality improvement by making care team workflows streamlined.
Remote Monitoring LifeWatch (1993, New Jersey, IPO) – It is a maker of a medical device to be are worn on the chest to record heart’s rhythm. The data is continuously collected and analyzed in a dedicated mobile device. iRhythm Tech (2006, San Franciso, IPO) – Its product the Zio Patch is a wearable patch designed to gather beat-to-beat heart data for diagnosis of cardiac arrhythmias. Backed by California Healthcare Foundation, Kaiser Permanente Ventures, Mohr Davidow Ventures, New Leaf Venture Partners, Northwest Venture Partners, and Synergy Life Science Partners. EarlySense (2004, Tel Aviv, $85M) – Developed a sensor that is placed under the mattress and monitors body vitals as well as bed entries and exits, patient motion, and quality of sleep eliminating the need for regularly manually checking the patients in constant care. Backed by Pitango Capital Ventures and JKB Capital. AirStrip technologies (2003, San Antonio, $65M) – Platform allows clinicians to securely access patient monitoring data such as continuous heart tracings and other waveforms – along with parameters such as BP, temperature, etc from EMRs, bedside monitors, and devices on their laptops and mobiles. Backed by Sequoia Capital, Welltrust Fund, and Qualcomm Ventures.
PROVIDER Hospital Information Management Systems Epic (1979, Madison, IPO) – Develops, implements and supports IT software solutions for healthcare providers. Cerner (1979, Kansas City, IPO) – End-to-end healthcare information technology solutions and services for the healthcare provider to optimize clinical, financial and operational outcomes.Went public in 1986.
EHR Platform Practice Fusion (2005, SF, $160M) – Provides a free, web-based Electronic Health Record (EHR) platform to physicians. Backed by Qualcomm, Longitude Capital, Artis Ventures, SV Angels, Band Angels, Orbimed and KPCB. Kareo (2004, Irvine, $137M) – Provides a SaaS-based practice management system to healthcare providers. Backed by Escalate Capital, OpenView, SVB Financial Group, Montreux Equity Partners, Silver Lake, Greenspring Associates, Western Technology Investment, Stripes Group.
Practice Management We Doctor Group (2010, Hangzhou, $520.5M) – We Doctor Group, earlier Guahao offers a platform to consumers and doctors, to book and manage appointments. Offers a practice management solutions to healthcare providers. Backed by Tencent, Fosun, Morningside Ventures, Qiming Ventures and Shandong Tyan Home Co. Practo (2008, Bangalore, $179.5M) – Offers a web-based platform to patients and doctors. The SaaS-based practice management solution for physicians is called Practo Ray. Backed by Matrix Partners, Sequoia Capital, Tencent, Google Capital and InnoVen Capital.
Home care Management Homecare Homebase (2001, Dallas, $57M) – Cloud-based tech enabler for Hospice & HomeCare organizations. Backed by SV Life Sciences. Kinnser Software (2003, Austin, $40M) – Offers web-based software solution for point of care, billing and administration services to home health agencies. Backed by Insight Partners and Georgian Partners.
Clinical Operations Management Imaging Advantage (2007, Santa Monica, $295M) – Offers RadAdvisor, a cloud-based decision support platform for radiologists that helps in diagnostic decision support. Backed by Goldman Sachs, Brightwood Capital Advisors, and CRG. HeartFlow (2007, Redwood City, $227M) – Provides cardiovascular diagnostic support using CT scans and high-performance computing to provide physicians with data about blood flow within the coronary arteries. Backed by Capricorn Investment Group and US Venture Partners.
Administrative Solutions Livescribe (2007, Oakland, $168M, Acq) – Provides smart CPOE solution platform for healthcare providers. Backed by Qualcomm, Greenhouse Capital Partners, Scale Venture Partners, Double Bottom Line Investors, Lionhart, TransLink Capital, Keating Capital, Presidio Ventures, Crosslink Capital, DBL Partners, Aeris Capital, VantagePoint Capital Partners. Acquired by Anoto in Nov 2015. Awarepoint (2002, San Diego, $88M) – Offers Location-as-a-Service for healthcare organizations to facilitate asset management and tracking. Backed by KPCB, Cardinal Partners, SVB Financial Group, Venrock, Heritage Group, Icon Ventures, Jafco Ventures, Avalon Ventures, Avalon Ventures, Top Tier Capital Partners, New Leaf Ventures. Phreesia (2005, NYC, $75M) – Provides a patient check-in platform for healthcare providers. Backed by BlueCross BlueShield Venture Partners, Escalate Capital, Ascension Ventures, Ascension Ventures, LLR Partners, Polaris Partners, Sandbox Industries, Long River Ventures, HLM Venture Partners, VantagePoint Capital Partners. Evariant (2008, Farmington, $68.5M) – Provides platform for digital marketing solutions. Backed by Lightspeed Venture Partners, Health Enterprise Partners, Enterprise Partners Venture Capital and Goldman Sachs.
Professional Networks Doximity (2011, San Mateo, $82M) – Mobile/web networking platform for physicians, medical professionals. Backed by Interwest Partners, Emergence Capital, T. Rowe Price, DFJ Venture, Morgan Stanley and Morgenthaler Private Equity. Sermo (2000, New York City, $41M, Acq.) – Social network for physicians. Acquired by WorldOne in July 2012.
HORIZONTAL McKesson (1833, San Francisco, IPO) – Provides solutions that include pharmaceutical and medical-surgical supply management, healthcare information technology, and business and clinical services. Imprivata (2002, Tennesse, IPO) – Provides secure access and collaboration solutions for enterprises. It strengthens user authentication, streamlines application access and simplifies compliance reporting across multiple computing environments. MedSolutions (2002, Tennesse, IPO) – Provides Intelligent Cost Management, that encompasses utilization management, capturing savings, reducing treatment costs, and supporting diagnostic accuracy. Health Catalyst (2000, Utah, $237M) – Provides multiple analytical products, services, and applications like population health management, patient injury prevention, operational efficiency, performance monitoring and financial management for healthcare organizations. Backed by Sequoia Capital, Kp Ventures, Epic Venture Capital, Sorenson Capital.
EMPLOYER Benefits Administration Castlighthealth (2008, SF, IPO) – Offers healthcare information on providers and pricing for enterprises. Went public in 2014. Went public in 2015. Collective Health (2013, San Mateo, $119M) – Self-insurance SaaS platform for employers to sponsor their employees. Backed by Google Ventures, Rock Health, Redpoint Ventures, Maverick Capital, New Enterprise Associates, Founders Fund and RRE Ventures.
Employee Fitness & Wellness Welltok (2009, Denver, $185M) – Platform which provides personalized incentive based patient engagement services for Population health managers. Backed by Bessemer Venture Partners, Emergence Capital Partners, InterWest Partners, New Enterprise Associates (NEA), Qualcomm Ventures, Miramar Digital Ventures, Okapi Venture Capital, Georgian Partners, EDBI and Flare Capital Partners. Virginpulse (2004, Framingham, $92M) – Provides hub of tools that foster employee engagement and wellness.Backed by Insight Venture Partners and Virgin Group.
Healthcare Delivery Imaginehealth (2006, Midvale, $36M) – Provider of customize fleet of Healthcare providers to employers. Backed by HLM Venture Partners and Trident Capital. Healthiestyou (2010, Scottsdale, $30M) – Teleconsultation service provider for employees. Backed by Frontier Capital
PAYER Connecture (1997, Brookfield, IPO) – Web-based health plan distribution platform for healthcare payers. Went public in 2014. NexgenRx (2003, Toronto, IPO) – Web-based claims adjudication and benefits administration for processing prescription drugs, and dental office claims. Went public in 2006. ikaSystems (1999, Southborough, $152.5M, Acq.) – Software suite for health plans that includes claims submission and authorization, member and provider portals, electronic billing and claims adjudication solutions. Backed by Essex Woodlands Health Ventures. Acquired by Blue Cross Blue Shields in 2015. HealthEdge (2004, Burlington, $92M) – Suite of software products for the healthcare payer market that includes claims and benefits administration, care management, business intelligence and portal solutions. Backed by Psilos.
PHARMACY Express Scripts (1986, Missouri, IPO) – Offers SaaS platform of pharmacy benefit management solutions for health plans, providers, and patients. CatamaranRx (1981, Illinois, Acq) – Provides pharmacy benefit management solutions and connect pharmacists, doctors, and caregivers with prescription data to improve health outcomes. TalystImage may be NSFW. Clik here to view. (2012, Washington, $65M) – Pharmacy Management solutions to pharmacies. Backed by OVP Ventures, Align Investments, Ignition Partners. MedAvail (2012, Ontario, $36M) – Offers a self-service kiosk solution called the MedAvail MedCenter, automating the dispensing of prescription drugs and Over-The-Counter medications. Backed by Walgreens, Redmile Group, Adage Capital. Millennium Pharmacy Systems (2003, Oakbrook, $62M) – Offers Just-In-Time dispensing with e-prescription, administration, documentation, and reporting. Backed by Essex Woodlands, Boulder Ventures, ATEL Capital Group, CHL Medical Partners, Ascension Ventures, and HealthInvest Equity Partners.
Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
PrestLoans (2017, Delhi), tech NBFC offering business loans. Founder is ex-Kissandhan Agri Financial, Emkay Commotrade, Karvy Forex & Currencies. Local comparables are CapitalFloat (2013, Bangalore, $86M) and ZipLoan (2015, Delhi, $500k). Global comparables are Ondeck (2007, NYC, $174M) and AbleLending (2014, Austin, $111M).
INDIA INTERESTING NEWS
Flipkart (2007, Bangalore), online horizontal marketplace, raises $156M in Debt round of funding from Axis Bank for its B2B arm. Link
GOQii (2014, Mumbai), wearable wristband integrated with personalized coaching, partners with Modality (2006, Durham), app-based learning for healthcare professionals, to launch its services in UK. Link
Cleartrip (2005, Mumbai), online travel website that offers flights, hotels and train bookings, partners with Google Flights to accelerate their expansion plans in Indian airline market. Link
Unlimit (2016, Mumbai), IoT connectivity management platform, partners with IBM (1911, NYC), cloud based suite solution for image and information management, clinical trials, and clinical solutions, to develop end-to-end IOT solutions. Link
Google launches Tez, a mobile payments app for India that uses audio-QR technology to transfer money. Link
Deepak Gulati quits from Zomato (2008, Gurgaon), online platform for food discovery, ordering table booking at restaurants, as COO. Link
Blue Lotus Capital, Mumbai-based venture capital firm, raises $15M in its second fund. Link
GLOBAL ROUNDUP
TTTech (1998, Vienna), provider of deterministic ethernet and connectivity solutions, raises $89.6M in PE round of funding from General Electric, Infineon Technologies AG, AUDI AG and other existing shareholders. Link
Kaleido Biosciences (2015, Cambridge), therapeutics to modulate the human microbiome for the treatment of diseases, raises $65M in Series A round of funding led by Flagship Pioneering with participation from a other institutional and individual healthcare investors. Link
LifeMine Therapeutics (2016, Cambridge), harvesting mechanistically novel drugs from fungi via genome mining and recombinant overexpression, raises $55M in Series A round of funding led by WuXi Healthcare Ventures with participation from Foresite Capital, GV, Arch Ventures, Boyu Capital, Blue Pool Capital, Merck Ventures, and Alexandria Venture Investments. Link
Sonendo (2006, Laguna Hills), provider of root canal therapy for endodontic problems, raises $50M in Series F round of funding from General Atlantic and existing investors – Fjord Ventures, OrbiMed Advisors LLC, Meritech Capital Partners, CVF LLC, and NeoMed. Link
Ellevest (2014, NYC), women focused automated investment platform, raises $34.6M in Series C round of funding led by Rethink Impact, with participation from PSP Growth, Salesforce Ventures, CreditEase Fintech Investment Fund, LH Holdings, SK Impact Fund, Morningstar, Khosla Ventures, Mellody Hobson, Ulu Ventures, Contour Venture Partners and Astia Angels. Link
A weekly newsletter summarizing recent activity and interesting startups in South East Asia.
INTERESTING COMPANIES FOUND
Aksesku (2017, Sidoarjo) – Digital university management solution. global comparable include U-Planner (2012, Santiago) and VSware (2010, Dublin, $750K). Real market (2017, Singapore) – Smart contract enabled real estate investment platform. Global comparable include Atlant (2017, Moscow) and Rex (2016, Princeton).
SEA – FUNDING UPDATES
Hepmil Media Group raises funding Hepmil Media Group (2016, Singapore), creates and distributes millennial-centric digital content, raises about $970K in pre-series A round from undisclosed investors.
CashShield raises $5.5M CashShield (2007, Singapore), an automated transactions fraud protection solution, raises $5,5M in Series A led by venture capital firm GGV Capital with participation from private equity firm Heliconia Capital Management.
EV Hive raises funding EV Hive (2015, Jakarta), a managed co-working space, raises $3.5M in Seed round from East Ventures, Sinar Mas Land and SMDV.
Zilingo raises $17m Series B Zilingo (2015, Bangkok), a digital marketplace for fashion, raises $17M in Series B led by Sequoia India & Burda Principal Investments.
Hiip raises funding Hiip (2016, Vietnam), a Vietnamese influencer platform, raises an undisclosed amount in Seed round led by Cocoon Capital, 500 Startups.
Poundit raises funding Poundit (2014, Manila), an online retail portal for electronics gadgets, raises over $629K in Seed round from Cocoon Capital.
GSR, Gobi Join $5M Series A Round In Chinese AI Start-up DeepBrain DeepBrain (2017, Shanghai), a provider of AI and blockchain-based SaaS solutions to Internet of Things (IoT) hardware manufacturers and app developers, raises $5M in Series A round from GSR Ventures and Gobi Partners.
HK-based whiskey fund beats raises $12m Whisky Investment Fund, a Hong Kong based offbeat investment vehicle that focuses exclusively on single malt whisky investments, closes $12M.
A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
Kogentix (2015, Hyderabad), provider of automated machine learning platform. Founders are ex-Intel, IBM, Xtremeinsights, HP, TCS, Navistar and are alumni of Stanford University, University of Virginia, Kellogg School of Management & Purdue University. Local comparables are Hotify (2015, Bangalore) and Roanuz (2012, Chennai). Global comparables are DataRobot (2012, Boston, $125M) and SkyTree (2012, San Jose, $19.1M).
INDIA INTERESTING NEWS
Power2SME (2011, Gurgaon), group buying platform for small and medium enterprises, raises $36M in Series E round of funding from Inventus Capital Partners, Accel Partners, Kalaari Capital, International Finance Corporation and Nandan Nilekani. Link
Minio (2014, Woodside), open source multi-cloud distributed object storage server, raises $20M in series A round of funding led by Dell Technologies Capital, General Catalyst Partners and Nexus with participation from Intel Capital Cloud Ventures and Steve Singh. Link
AYE Finance (2013, Delhi), mortgage loan provider for MSMEs, raises $6.8M in Debt round of funding from IFMR Capital. Link
Save Solutions (2009, Gaya), rural financial services provider, raises $6M in a series A round of funding from Incofin Investment Management. Link
iCubesWire (2012, Gurgaon), provider of affiliate advertising network, raises $3M in funding from undisclosed investors. Link
Mamaearth (2016, Gurgaon), private label retailer of baby care products, raises $1M in Seed round of funding from Fireside Ventures. Link
Shortlist (2014, Mumbai), pre-assessed candidate sourcing platform, raises $1M in Seed round of funding University Ventures and others. Link
Typeset (2014, Bangalore), web platform for document collaboration and publishing, raises $850K in Seed round of funding from Haresh Chawla. Link
Noticeboard (2016, Bangalore), cloud-based communication platform for the frontline staff, raises an undisclosed amount in funding from Shamik Sharma & Aprameya Radhakrishna. Link
Ola (2011, Bangalore), app-based asset-light cab operator, hires Saikiran Krishnamurthy – former senior executive at Flipkart as its senior vice-president. Link
Pi Ventures, Bangalore-based venture capital & private equity firm, appoints Abishek Surendran as its full-time partner. Link
GLOBAL ROUNDUP
Raise (2013, Chicago), P2P used gift card marketplace, raises $60M in Series C round of funding led by Accel, with participation from PayPal, New Enterprise Associates and Bessemer Venture Partners. Link
Threat Stack (2012, Massachusetts), continuous monitoring & security of workloads running in AWS, raises $45M in Series C round of funding led by F-Prime Capital Partners and Eight Roads Ventures, with participation from Scale Venture Partners, .406 Ventures, and Accomplice. Link
The Zebra (2012, Austin), real-time car insurance comparison platform, raises $40M in Series B round of funding led by Accel Partners with participation from Silverton Partners, Floodgate, Ballast Point Ventures, Mark Cuban and others. Link
TigerGraph (2017, Redwood City), provider of graph database technology solutions, raises $31M in Series A round of funding from Qiming VC, Baidu, Ant Financial, AME Cloud, Morado Ventures, Zod Nazem and others. Link
Aqua Security (2015, Tel Aviv), container security solution for microservices based virtual infrastructure, raises $25M in Series B round of funding led by Lightspeed Venture Partners with participation from Microsoft Ventures, TLV Ventures and Shlomo Kramer. Link
Smartly.io (2013, Helsinki), Facebook ad optimization platform, raises $20M in Secondary funding round from Highland Europe. Link
MealPal (2015, NYC), subscription-based daily restaurant lunch provider, raises $20M in Series B round of funding led by Menlo Ventures, with participation from Bessemer Venture Partners, Comcast Ventures, Haystack Partners, and NextView Ventures. Link
IAM vendor, ForgeRock raised $88M in the Series D round led by Accel Partners. Link
Druva, a data security & backup vendor raised $80M in the Series F round led by Riverwood Capital. Link
Cloud security startup, Threat Stack raised $45M in the Series C round co-led by F-Prime Capital Partners and Eight Roads Ventures. Link
Qadium, a cyber intelligence & risk assessment company raised $40M in the Series B round led by IVP. Link
Endpoint security company, AppGuard received $30M in the Series B round led by JTB Corp and acquired KeepTree. Link
Insider threat detection company, Securonix received $29M in the equity investment from undisclosed investors. Link
Threat intelligence platform, LookingGlass raised $26.3M in a composite mezzanine debt and VC funding co-led by Eastward Capital and Triangle Peak Partners. Link
Container security startup, Aqua Security raised $25M in the Series B round led by Lightspeed Venture Partners. Link
Inside Secure, an embedded IoT security solution provider raised $19.2M in a post IPO convertible bond. Link
Versive, a security analytics platform raised an additional $12.7M in the Series B round from the existing investors. Link
Email security provider, Vade Secure raised $12M in the Series A round led by Isai Fund. Link
Emailage, an anti-fraud solution provider received $10M in the Series B round led by Anthos Capital. Link
Customer IAM solution provider, Evident raised $8.8M in the Series A funding led by NEA. Link
Tanker, a cloud data security startup raised $7.2M in the Series A round co-led by Idinvest Partners and Kima Ventures. Link
Capsule8, container security startup raised $6M in the Series A round led by BVP. Link
Server security startup, MajorSec received $4.5M in the Series A round of investment led by Vangoo capital. Link
PIAM vendor raised $4.7M in the Series A round led by Insight Venture Partners. Link
Identity theft prevention startup, Shocard raised $4M in the Series A round co-led by Morado and AME Cloud Ventures. Link
IoT security startup, Axonius raised $4M in the Seed round led by YL Ventures. Link
Industrial security company SIGA Security raised $3.5M in the Series A round led by Awz Homeland Security. Link
Spinbackup, a cloud security provider for Google apps & G Suite raised $500k in the Seed round led by Aventures Capital. Link
Encryption based data security company, CipherLoc raised $475k in the post IPO equity from undisclosed investors. Link
Security automation & orchestration platform, Jask received undisclosed funding from Cylance’s founder Stuart McClure. Link
eSentire, a unified network security platform received undisclosed growth equity investment from Warburg Pincus. Link
Voice biometrics based anti-fraud solution provider, Uniphore raised an undisclosed Series B investment. Link
VPN based secure access provider Kesala acquired by Silent Circle in an undisclosed deal. Link
Inside Secure acquired Meontrust, a user authentication and transaction authorization provider in an $5.97M deal. Link
Forcepoint acquired RedOwl Analytics, a UEBA-based security analytics provider company in an undisclosed deal. Link
SolarWinds MSP acquired SpamExperts, an email security provider in an undisclosed deal. Link
Juniper Networks announced to acquire ML-based network security analytics company, Cyphort in an undisclosed deal. Link
Suite Symantec (1982, Mountain View, IPO) – Enterprise security solution suite for enterprise & personal users. Went IPO in 1989. Kaspersky (1997, Moscow, $200M) – Security solution suite for businesses and consumers, Backed by General Atlantic. Palo Alto Networks (2005, Santa Clara, IPO) – Enterprise security vendor focused on the security of network, cloud, endpoint & BYOD devices, security analytics & intelligence. Went IPO in 2012.
Network Security Barracuda Networks (2002, Campbell, IPO) – Appliance based network threat detection solutions. Went IPO in 2013. Zscaler (2008, San Jose, $148M) – Network traffic analysis for application profiling and cloud security. Backed by LSVP, Google Capital, TPG, EMC. ForeScout (2000, Tel Aviv, $120M) – Continuous monitoring and intelligence based threat detection and policy-based mitigation platform. Backed by Accel Partners, Intel Capital, Amadeus Capital, Meritech Capital.
BYOD Security Blackberry (1984, Waterloo, IPO) – Enterprise Mobility Management suite company. Went IPO in 1999. Good Technology (1996, Sunnyvale, $522M, Acq.) – Enterprise mobility & security solution. Acquired by Blackberry in 2015. Lookout (2007, SF, $284M) – Mobile security against zero-day threats. Backed by Accel, A16Z, Greylock. Airwatch (2003, Atlanta, $225M, Acq.) – Enterprise mobility management & security for BYOD. Acquired by Vmware in 2014.
Endpoint Security Tanium (2007, Berkeley, $401.5M) – Helps manage and secure enterprise endpoints. Backed by A16Z, TPG, IVP, Franklin Templeton. Crowdstrike (2011, Irvine, $256M) – Cloud and machine-learning based endpoint security platform. Backed by Accel Partners, Rackspace, Telstra, CaiptalG. AVG (1991, Amsterdam, Acq.) – Anti-virus solution on endpoint devices for online security. Acquired by Avast in 2016.
Cloud Security Illumio (2013, Sunnyvale, $267M) – Visibility and control over workloads running in any data center. Backed by Accel, A16Z. Netskope (2012, Los Altos, $231M) – Cloud access security broker solution for the enterprise. Backed by LSVP, Accel, Social+Capital Partnership, Iconic Capital. Armor Defense (2009, Richardson, $149M) – Cloud infrastructure security & secure cloud hosting service. Backed by The Stephens Group, Performance Edge Partners, Arizona Tech Investors.
Application Security Veracode (2006, Burlington, $114.5M, Acq.) – Automated static, dynamic and mobile application security testing service. Acquired by CA Technologies in 2017. Checkmarx (2006, NYC, $98.5M) – Static code analysis tools to identify security vulnerabilities in uncompiled code. Backed by Insight Partners, Salesforce. HackerOne (2012, SF, $74M) – Vulnerability Disclosure & internet security bug bounty programs. Backed by NEA, Benchmark Capital, Dragoneer Investment Group.
Identity & Access Management Okta (2008, SF, IPO) – Secure identity management and single sign-on. Went IPO in 2017. ForgeRock (2010, SF, $140M) – Unified secure digital identity & access management platform. Backed by Accel Partners, KKR, Foundation Capital, Meritech Capital. Ping Identity (2002, Denver, $137M, Acq.) – Identity management solution for federated access to applications. Backed by DFJ, KKR. Acquired by Vista Equity Partners in 2016. Centrify (2004, Sunnyvale, $94M) – Unified identity management solutions for both privileged and end-users. Backed by Samsung Ventures, Docomo Capital, Accel, Mayfield.
Security Analytics Tenable Networks (2002, Columbia, $310M) – Continuous network monitoring & vulnerability management solution. Backed by Accel & Insight Partners. Sumo Logic (2010, Redwood City, $236M) – Cloud-based network log management and analytics. Backed by DFJ Growth, IVP, Sequoia, Accel, Greylock, Sapphire Ventures. Darktrace (2013, Cambridge, $180M) – UEBA analytics based insider threat detection platform. Backed by Insight Venture Partners, KKR, SoftBank, Summit Partners. Skybox Security (2002, San Jose, $144M) – Risk Analytics & remediation recommendation of enterprise threats. Backed by SGEP, Providence Equity, LSVP, Benchmark.
Threat Intelligence LookingGlass Cyber (2006, Arlington, $104M) – Threat intelligence-based security & dynamic threat defense. Backed by New Spring Capital, Alsop Louie Partners, Vital Financial. Zerofox – Social media security & enterprise risk management. Backed by Silver Lake, Redline Capital, NEA, Silicon Valley Bank, TCP Venture Capital. Prevalent (2004, Warren, $72M) – Partner cyber-risk management solution. Backed by Insight Venture Partners, Spring Mountain Capital, Fulcrum Equity Partners. RiskIQ (2009, SF, $68M) – External threat management and intelligence platform. Backed by Summit Partners, Battery Ventures, Georgian Partners, MassMutual Ventures.
Data Security Druva (2008, Pune, $200M) – Cloud data protection, DLP, and information management & backup. Backed by Sequoia, Tenaya Capital, Riverwood Capital, Orios Venture Partners. SafeNet (1983, Belcamp, $139M, Acq.) – Encryption & Key Management based data security. Acquired by Gemalto in 2014. Digital Guardian (2003, Waltham, $125M) – Endpoint data loss prevention solution. Backed by Fairhaven Capital, Mass Mutual, Siemens Finance. Ionic Security (2011, Atlanta, $122M) – Centralized policy, encryption and control based data security. Backed by KPCB, Google Ventures, Goldman Sachs, Tech Operators, JAFCO, FF VC, Meritech Capital Partners.
Website Security CloudFlare (2009, SF, $182M) – Security and performance solutions for websites using a collective intelligence of its network community. Backed by USV, NEA, Qualcomm Venture, MS Ventures, GV. StackPath (2015, Dallas, $180M) – Cloud-based WAF, secure CDN & VPN service. Backed by ABRY Partners. Shape Security (2011, Mountain View, $131M) – Website security by making subtle transmutation of underlying HTML page code of web pages, deceiving attackers. Backed by KPCB, GV, NVP.
Email Security MimeCast (2003, London, IPO) – Saas-based email security by re-routing and analyzing emails. Went IPO in 2015. Proofpoint (2002, Sunnyvale, IPO) – Email security based on secure email gateways. Went IPO in 2012.
Anti-Fraud Lifelock (2005, Tempe, $178M, Acq.) – Identity theft protection & payment fraud prevention. Acquired by Symantec in 2017. Pindrop Security (2011, Atlanta, $122M) – Machine learning and multi-factor analysis based phone fraud detection and prevention. Backed by Google Capital, A16Z, IVP, Felicis. Signifyd (2011, Palo Alto, $106M) – Cloud-based digital fraud & chargeback prevention solution. Backed by a16z, American Express, IA Ventures, Menlo Ventures.
Leader board includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
Prakshep (2016, Bangalore), AI based image intelligence solutions provider. Founders are ex-Decrypto, CropIn Technologies, JPMorgan, AIG and are alumni of BITS and IIT Kharagpur. Local comparable is Kaiinos (2010, Hyderabad). Global comparables are DigitalGlobe (1993, Longmont, $528M) and Orbital Insight (2013, Palo Alto, $80.2M)
INDIA INTERESTING NEWS
Yatra (2006, Delhi), online travel search engine and bookings platform, raises $15.5M in Debt round of funding from InnoVen Capital. Link
Gaming Monk (2014, Delhi), online platform to discover e-sports & gaming events, raises an undisclosed amount in funding from AdvantEdge. Link
HealWell24 (2017, Mumbai), home healthcare service provider, raises an undisclosed amount in Angel round of funding from three high-net-worth individuals Link
Iauro (2009, Pune), mobile, cloud and big data development services provider, raises an undisclosed amount in Seed round of funding from Speciale Invest. Link
91springboard (2012, Delhi), provider of managed co-working spaces, raises an undisclosed amount in funding from Sandway Investment Ltd, Pearl Brook Holdings, AMA Holdings, Silo Holdings and Al Nour. Link
FlippAR (2014, Bangalore), provider of mobile based augmented reality platform, partners with cricket player – Chris Gayle for brand endorsement & promotion in exchange for a minority stake Link
GoDaddy (1997, Phoenix), internet domain registrar and web hosting company, launches hosting platform for SMEs in India. Link
GLOBAL ROUNDUP
System1 (2013, Venice CA), independent marketplace for keyword pay-per-click advertising, raises $270M in funding led by Court Square Capital Partners. Link
Vexata (2014, San Jose), provider of software-defined all-solid-state data storage infrastructure, raises $54M in funding from Mayfield, Intel Capital, Lightspeed Ventures and Redline Capital. Link
mParticle (2012, NYC), mobile data management and activation platform, raises $35M in Series C round of funding led by Harmony Partners, with participation from Bain Capital Ventures and Social Capital. Link
CarLotz (2011, Midlothian), a consignment model offering P2P used car sale, raises $30M in funding from TRP Capital Partners. Link
Securonix (2007, LA), security analytics company, raises $29M in Series A round of funding led by Volition Capital and Eight Roads Ventures. Link
Digital Shadows (2011, SF), provider of darknet monitoring based threat intelligence solutions, raises $26M in Series C round of funding led by Octopus Ventures, with participation from World Innovation Lab, Industry Ventures and others. Link
Hyliion (2015, Pittsburgh), regenerative braking based add-on hybrid solution for trucks and trailers, raises $21M in Series A round of funding led by Axioma Ventures. Link
ThinkCERCA (2012, Chicago), web-based tools to teach critical thinking and literacy skills, raises $10.1M in Series B round of funding from Scott Cook, Signe Ostby, TAL Education Group, Jeff Weiner, Mike Gamson and others. Link
A daily newsletter summarizing recent activity & interesting startups in the energy storage sector globally
RECENT NOTABLE ACTIVITY – WIND ENERGY
Altaeros , an autonomous airborne wind turbine developer has raised $7.5M from SoftBank. Link
Kite Power Systems has raised $2.7M funding from Scottish Investment Bank. Link
WPD, a wind power project developer, has raised $81.6M via a note placement to institutional investors to help fund an expansion abroad. Link
Mytrah Energy has raised $277M from the Piramal Group in the form of non-convertible debentures. Link
Greenko Group has raised $1B in the form of green bonds from the international markets. Link
SOME INTERESTING STARTUPS FOUND
Nabrawind (Pamplona, 2015) – Nabrawind Technologies specialises in design and development of wind technologies for wind turbine components, as well as engineering services advisory. The company claims to provide certified technologies and components that do not require wind turbine redesign and validation. They have two primary products, the Nabrajoint which is a modular blade system and Nabralift, a self erecting wind tower.
LEADER BOARD – WIND ENERGY
Independent Power Producer DONG Energy (2006, Fredericia, IPO) – DONG Energy is among the largest offshore wind installers in the world with interests in Wind Power, Bioenergy & Thermal Power, Distribution & Customer Solutions. Went public in June 2016. ReNew Power Ventures (2011, Gurgaon, $855M) – Indian renewable energy company with a 2000 MW installed capacity across Rajasthan, Haryana, Karnataka, Maharashtra and Gujarat. Backed by GEF, Goldman Sachs, ADB among others.
Hardware Developer Vestas (1898, Randers, IPO) – Vestas manufactures wind turbines with a capacity ranging in MW scale. The company has installed more than 38,000 wind turbines in 63 countries on five continents. Went public in June, 2002. Clipper Wind (2001, Carpinteria, $242M, Acq.) – Clipper Windpower manufactures wind turbine and is engaged in wind asset development. The company has a turbine manufacturing plant in Cedar Rapids, Iowa. Acquired by Platinum Equity in August 2012.
Service Providers PNE Wind (1995, Cux Haven, IPO) – PNE Wind is among the largest wind power developers in Germany. The services offered are initial site exploration and the approval procedure, financing and turnkey construction, operation and repowering at the end of the system’s useful life. Went public in January, 2002. SITAC Renewable Energy (2006, Delhi, $176M) – SITAC RE has set up wind farms in Gujarat, Maharashtra and Rajasthan. Has projects with combined capacity of 830 MW under different stages of development. Backed by GVFL and France-based EDF Energy Nouvelles
Technology Enabler Pentalum Technologies (2009, Rehovot, $23M) – Offers wind remote monitoring system. Backed by DFJ, Cedar Fund, Evergreen Venture Partners, ABB, General Electric, and Bright Capital. 3Tier (1999, Seattle, $19M, Acq.) – 3TIER provides project feasibility, asset management and forecasting services to companies operating in the renewable energy market globally. Backed by Good Energies. Acquired by Vaisala in 2013.
Financing Abundance (2009, London, $5M) – Abundance is an alternative lending platform that offers retail investors to invest in debentures of a clean energy project that is in need of funding.
Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
John Deere, a tractor and off-highway machinery conglomerate, has announced that it has signed a definitive agreement to acquire Blue River Technology, a developer of robots for farm operations, for $305M. Link
MycoTechnology, a developer of food processing technology platform for filtering compounds raised $35M in series B round of funding led by S2G Capital, Bunge Ventures Ltd., and Emerson Collective with a participation from Health For Life Capital / Seventure Partners, Middleland Capital, Tao Capital Partners, Eighteen94 Capital, Continental Grain, GreatPoint Ventures, Closed Loop Capital and Windy City, LLC. Link
NewLeaf Symbiotics, a developer of pink pigmented facultative methylotrophs and solutions to deliver these to crops closed its $30M series C round of funding led by Monsanto Growth Ventures and Otter Capital with a participation from S2G Ventures, The Yard Ventures, Lewis & Clark Ventures, Rockport Capital, Pangaea Ventures and Open Prairie Ventures. Link
Descartes Labs, a developer of deep learning platform that uses satellite imagery raised $30M in series B round of funding led by March Capital Partners with a participation from Crosslink Capital, Data Collective, Correlation Ventures, Cargill and Cultivian Sandbox. Link
Memphis Meats, a cellular agriculture company developing cultured meat raised $17M in series A round of funding from DFJ, Bill Gates, Richard Branson, Atomico, Inevitable Ventures, KBW Investments, Fifty Years, SOSV, New Crop Capital and Cargill. Link
Agrible, developer of digital predictive tools for farm operations raised $4.1M in series A round of funding led by Serra Ventures and Maumee Ventures with a participation from Archer Daniels Midland Company and Flyover Capital. Link
Organic Nutrition, a developer of aquaponic systems raised $6.5M ($5M in debt and $1.5M in series A) from Bank of Central Florida. Link
iUNU Inc., a developer of computer vision powered solution for greenhouses raised $6M in series A round of funding from Initialized Capital, Liquid 2 Ventures, Second Avenue Partners and Fuel Capital. Link
Plant Impact, a developer of foliar sprays and seed coatings for crop nutrition and trait improvement raised $5.1M of equity financing on LSE. Link
SWIIM System, a developer of platform for integrated irrigation and water rights management raised $4.5M in series B round of funding from COSTA Asset Management. Link
C2Sense, a developer of gas sensing technology for use across the food value chain raised $3.2M in seed round of funding from The Engine, Dream Incubator, Propel(x), Boston Millennia Partners, Castor Ventures, Newlin Investment Campany, TLP, Breakout Labs and Cranberry Capital. Link
Front Range Biosciences, a cannabis consultation services provider raised $3M in bridge round of funding from Phyto Partners, Salveo Capital, Sand Hill Angels, HBS Alumni Angels New York, New York Angels, Anthill, CanopyBoulder and Halley VP. Link
Traptic, a developer of automated strawberry harvesting machine raised $3M in seed round of funding. Link
Tortuga AgTech, an integrated business for cultivation in soil-based automated greenhouses and supply of produce raised $2.6M in seed round of funding. Link
Osmo Systems, a developer of monitoring systems for hydroponic and aquaculture farms raised $2.3M in seed round of funding. Link
Eden Shield, a developer of agrochemicals for crop protection from desert plants raised $2M in seed round of funding from OurCrowd. Link
Fair Insects, a consortium of breeders of mealworm cricket and locusts was acquired by Protix for an undisclosed amount. Link
SOME INTERESTING STARTUPS FOUND
Cystellar (2017, Cambridge) – Developer of cloud based software platform using predictive analytics for precision agriculture. Greenbot (2015, Ho Chi Minh City) – Developer of integrated hardware and software platform for sensing and controlling small scale hydroponic farms.
LEADER BOARD – AGRITECH
Precision Ag Farm Data and Analytics – Integrated Platforms The Climate Corporation (2006, SF, $109M, Acq.) – Hardware and software solutions provider for hyper-local weather and farm data with predictive analysis for insurance products. Sold off its insurance business to AmTrust North America in July 2015. Acquired by Monsanto in 2013. Farmers Edge (2005, Winnipeg, $44M) – Hardware and software solution provider for continuous monitoring of farm fields and predictive analysis for management decision support.
Farm Data and Analytics – Software Platforms Farmers Business Network (2014, Davenport, $88M) – Precision agriculture solutions through big data analysis of data gathered from farmers and agriculture machinery. Backed by Kleiner Perkins, DBL Partners, and GV.
Field Operations AutoAgronom (1988, Yokneam Illit, $180M) – Sensor based measurement of physical and chemical changes in root zone supplemented with computerized analysis and fuzzy control algorithms to automatically activate irrigation and fertilization. Novariant (1994, Fremont, $60.5M) – Sensor based auto steering hardware solutions for GPS-based navigation through tablets. Backed by Sierra Ventures, Ridgewood Capital, Clearstone. Blue River Tech (2011, Sunnyvale, $30M, Acq.) – Develops automated technology solutions which use computer vision for identification and selective killing of unwanted weed. Backed by Khosla Ventures, DCVC, Innovation Endeavors, Pontifax Agtech. Acquired by John Deere. Harvest Automation (2007, Billerica, $28M) – Developer of robotic machinery for farming operations. Backed by Founder Collective, Entree Capital, Cultivian, MassVentures. Feedlogic (2002, Wilmar, $2M) – Automated feeding machines along with data recording platform for livestock farmers in the USA. Backed by unknown private investors.
BioTech Farm Inputs – Seeds Monsanto (1901, St. Louis, IPO) – Developer of genetically modified (GM) seedlings to mitigate risks associated with biotic and abiotic stresses in crops. Went public in 2000. Acquired by Bayer in 2016. Syngenta (2000, Basel) – Developer of genetically modified crops and biological agrochemicals apart from engaging in genomic research. DuPont Pioneer (1926, Des Moines) – Developer of hybrid (non-GM) and GM seeds to mitigate risks against insects, pests and other diseases.
Farm Inputs – Biologicals Indigo (2013, Cambridge, $163.5M) – Earlier known as Symbiota, it is building technology for delivery of selective plant microbes through seed coatings. AgBiome (2012, Raleigh, $52M) – Developer of biological agrochemicals for crop protection against soil-borne diseases. Backed by Gates Foundation, Monsanto Growth Ventures, Syngenta Ventures, ARCH Venture Partners, UTIMCO, Polaris Partners, Pontifax Agtech, Harris+Harris Group. Agrivida (2002, Medford, $61M) – Specially engineered enzymes for the nutrition of livestock animals. Backed by KPCB, Middleland Capital, ARCH Venture Partners, Cultivian, DAG Ventures, Bright Capital, Northgate, Prairie Gold. Zymergen (2013, Emeryville, $174M) – Combination of synthetic biology and machine learning to engineer industry relevant microbes to manufacture chemicals and new materials. Backed by Softbank, Data Collective Venture Capital, True Ventures, AME Cloud Ventures, Iconiq Capital, DFJ, Innovation Endeavours, Two Sigma Ventures, Prelude Ventures, Tao Capital.
Infrastructure Advanced Animal Diagnostics (2001, Morrisville, $36M) – Diagnostic infrastructure provider for real-time animal health monitoring through white blood cell levels in animals. Backed by Middleland Capital, Cultivian, Kansas Bioscience Authority, LabCorp, Intersouth Partners, Novartis Venture Fund.
Tech Platforms Kaiima (2006, Lower Galilee, $91M) – Tech platform to enhance inherent productivity and resource usage efficiency in food and feed crops. Backed by KPCB, DFJ, Horizons Ventures, Tamir Fishman.
Waste Management Cool Planet (2009, Camarillo, $143M) – Utilizes patented process to convert non-food biomass to gasoline and organic soil nutrients. Backed by Northbridge, UBS, Google Ventures, Energy Technology Ventures, Concord Energy, Sustainable Conversion Ventures, British Petroleum. Wiserg (2010, Issaquah, $37M) – Devices to convert grocery waste into a nutrient rich liquid which can be used as fertilizer for agriculture.
Cellular Ag Impossible Foods (2011, Redwood City, $258M) – Beef-substitute made from a protein called Heme extracted from plants. Backed by Khosla Ventures, Google Ventures, UBS, Horizon Ventures, Viking Global.
Breeding Tech Prairie Plant (1988, Saskatoon,$6.4M) – Plant breeding research to produce berry and other fruit plants for orchards. Backed by WestCap.
Genetically Modified Organisms (GMO) Oxitec (2002, Abingdon, $20M) – Develops genetically modified pests which act as anti-pests to suppress the population of disease-causing pests in crops. Backed by Oxford Capital, East Hill.
Farm Business Management Field Crops – Field Management Granular (2014, SF, $23M, Acq.) – Farm management software for collection and analysis of data related to farm business processes and planning of resources. Backed by A16Z, Google Ventures, Khosla Ventures, Tao Capital, Fall Line Capital, Emory Investment Management. Acquired by DuPont.
Agribusiness Cultivation – Algae Sapphire Energy (2007, San Diego, $290M) – Cultivation of algae and using it as a biomass source for production of crude oil. Backed by Monsanto Growth Ventures, ARCH Venture Partners.
Infrastructure Irrigation Netafim (1965, Tel Aviv) – Manufactures components for drip irrigation and develops smart irrigation systems. Backed by Permira and Tene Investment Fund.
Aquaculture – Full Stack System GFA Advanced Systems (2008, Kadima, $5M) – Developer of zero discharge intensive aquaculture system. Backed by Linnaeus Capital.
Market Linkages Supply Chain – Farm Inputs CloudFarm (2013, Beijing, $26M) – Online retailer of Agri inputs including seeds, fertilizers, agrochemicals, farm equipment, etc.
Supply Chain – Farm Produce Meicai (2014, Beijing, $253M) – B2B mCommerce for fruits and vegetables. Backed by Zhen Fund and Blue Lake Capital.
Finance ProducePay (2014, Los Angeles, $9.5M) – Digital Platform for real-time tracking of produce movement and arrangement of collateral and loans. Backed by CoVenture, Menlo Ventures, Arena Ventures, Red Bear Angels, Social Leverage, and ELab.
Indoor Agriculture AgriBusiness – Cultivation Plenty (2013, SF, $226M) – Indoor soil-less cultivation of vegetables, leafy greens and salads. Backed by SoftBank Group, Innovation Endeavors, Bezos Expeditions, Data Collective, Finistere Ventures and DCM Ventures. Sundrop Farms (2009, London, $100M) – Hydroponics cultivation of fruits and vegetables while using renewable energy resources in greenhouses. Backed by KKR. AeroFarms (2004, NYC, $90M) – Cultivation of leafy greens in soil-less growth medium using aeroponics. Backed by Middleland Capital, Wheatsheaf, GSR Ventures, Mission Point Capital, Meraas and GSR Ventures.
Infrastructure – Hydroponics GrowLife (1987, Seattle, IPO) – Provides urban hydroponic / soil-less farming systems, components and cultivation supply products. Went public in 2011. Grodan (1969, Milton) – Vegetative and steerable substrates for indoor cultivation of horticultural crops.
Infrastructure – Lighting Illumitex (2005, Austin, $73M) – Developer of LED lighting solutions for horticulture, industrial and other use. Backed by NEA, Morgan Creek, Apex, WPG, Syngenta Ventures.
Technology Providers – Data Collection and Analysis Agrilyst (2015, NYC, $1M) – Software platform for farm data and analytics in indoor farms. Backed by Brooklyn Bridge Ventures, Metamorphic Ventures.
Leader board includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
Oxford Nanopore Technologies’ PE round of $126M in December 2016 and Two Pore Guys’ Series A round of $25M in April 2017 make up the top investments in the nanotechnology space till date.
Image may be NSFW. Clik here to view.From the previous year, fundraising rounds in 2016 dipped across the board-early registered the maximum fall of 79%, followed by seed (78%) and then late (73%).
Image may be NSFW. Clik here to view.Funding dollars took a plunge across the board-late dropped by 81%, early dipped by 43% and seed by 53%.
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By stage of entry, the top investor for seed was Ben Franklin Technology Partners, Firelake Capital for Series A, 180 Degree Capital for Series B and beyond.
4 companies have taken the public route since 2015 as six acquisitions of undisclosed deal values have marked this space since 2016.
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Nano-enabled products have historically drawn the most investments ($3.7B) followed by nanomaterials ($639M) with $1.6B having been invested in this sector in the last two years.
Note: You can download the full-version of this report here.
Dx kits under healthcare services and diabetes under personal health management formed the most funded large upcoming sectors in the consumer healthtech space.
Image may be NSFW. Clik here to view.In 2016, funding dollars dipped sharply across the board from the previous year- there was a 64% drop in investments in late, 60% drop in seed and 56% drop in early.
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Average ticket size of investments remained unchanged for seed as it fell by 31% for Series A and marginally for Series B.
Onduo’s PE round of $500M led by Sanofi in September 2016 and Haodf’s Series D round of $200M in March 2017 were the top investments in this space.
16 acquisitions dotted the space in 2017 among which Internet Brands picking up WebMD for $2.8B is the biggest disclosed deal value.
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Historically, companies offering monitoring solutions have been the most sought-after business model ($1.5B) followed closely by online information search ($1.4B). Investments totaling $8.5B have been invested in this space in the last two years.
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Life and health under internet-first insurers formed the most funded business model among the large upcoming sectors in the insurance tech space.
Image may be NSFW. Clik here to view.In 2016, from the year gone by, fundraising rounds showed a declining trend across the board with late dropping off by 41%, early by 54% and seed by 76%.
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As average ticket size climbed for seed and Series B by 200% and 87% respectively, for Series A, it dropped by 26%.
Bright Health’s Series B round of $160M in June 2017 and Metromile’s Series D round of $153M in September 2016 constitute the top investments in this space till date.
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By stage of entry, 500 Startups led the tally of the top investor for seed, Bessemer Venture Partners for Series A, General Catalyst Partners for Series B and Bain Capital Ventures for later stage.
With three companies having gone public since 2014, 16 acquisitions took place in this space since 2016 among which Travelers picking up Simply Business for $490M was the biggest disclosed deal value.
Image may be NSFW. Clik here to view.Among the business models, Internet-first-insurers have historically shored up the most dollars ($3.1B) with employer insurance ($1.6B) following a close second. Dollars to the tune of $2.7B have been invested in this sector between 2016-17 YTD.
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In the solar energy landscape, among the large upcoming sectors, rural under independent power producer and others under hardware developers were able to shore up the most investments.
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In 2016, from the previous year, the fundraising count dove across the board with the drop off being the most for seed (79%) followed by late (78%) and then early (45%).
Image may be NSFW. Clik here to view.The average ticket size trend was a mixed one-while it climbed for seed and Series B by 40% and 6% respectively, for Series A, it dropped by 54%.
Mosaic’s Series C round in August 2016 of $220M led by Warburg Pincus and ReNew Power Ventures’ Series C round of $200M led by JERA in February 2017 are the top investments in this space till date.
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Top investor by stage of entry includes Climate-KIC for seed, NEA for Series A, Applied Materials for Series B and IFC for later stage.
Six companies took the IPO route since July 2014 as 16 acquisitions have marked this space among which Tesla snapping up SolarCity for $2.6B was the biggest disclosed deal value.
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Historically, hardware developer has been the most investment-friendly business model ($14B) with independent power producer following a close second ($6.9B). As dollars were pumped into 480 companies in the last five years, $13.7B has been invested in this sector between 2016-17 YTD.
Note: You can download the full-version of this report here.
A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
Human Unmanned (2016, Chennai), developing a solar powered personal assistant drone. Founders are alumni of Hindustan University and PSG College of Technology. Local comparables are Vortex UAS (2015, Gurgaon) and Johnnette (2014, Delhi). Global comparables are Sunlight Photonics (2007, Edison, $11M) and Top Flight (2014, Malden, $1.75M)
INDIA INTERESTING NEWS
Shiksha Finance (2014, Chennai), asset, infrastructure & student loans provider for schools, raises $2.5M in funding Michael & Susan Dell Foundation. Link
Homergize (2015, Bangalore), online marketplace for interior design, decoration and renovation professionals, raises $1M in Seed round of funding from LG Chandrasekhar. Link
Ebix (1976, Atlanta), software & e-commerce solutions to the insurance & healthcare industry, acquires money transfer business of Paul Merchants (1984, Chandigarh), financial services company, for $41M. Link
Razorpay (2014, Bangalore), provider of payment gateway solutions, launches four products – Razorpay Route, Razorpay Smart Collect, Razorpay Subscriptions and Razorpay Invoices as part of its latest version Link
Rajesh Magow – CEO of MakeMyTrip (2000, Delhi), online travel agency for booking flights, hotels, buses, holiday packages, rejoins management board of Flipkart (2007, Bangalore), online horizontal marketplace. Link
Inmoji (2014, SF), 3D messaging through branded and clickable icons for messaging apps, announces partnership with Indus OS (2008, Mumbai), android-based mobile OS in Indian languages. link
Vodafone India (1994, Mumbai), cellular telecom services provider, partners with ALT Balaji(2015, Mumbai), online video content platform focussed on Indian audience, to offer original Indian content for its customers. Link
Corporate Business Advisors, Bengaluru-based fund manager, raises $20M for its Education Catalyst Fund (ECF) led by Gray Matters Capital and Michael & Susan Dell Foundation. Link
GLOBAL ROUNDUP
HyperloopOne (2014, LA), developer of vacuum tube based passenger and freight transportation infrastructure, raises $85M in Series B round of funding from Caspian VC Partner, OurCrowd.com, GE Ventures, WTI and Khosla Ventures. Link
Activehours (2012, Palo Alto), advanced partial paycheck facility for employees, raises $39M in funding led by Andreessen Horowitz, with participation from Matrix Partners, Ribbit Capital and March Capital Partners. Link
Bastille (2014, Atlanta), provider of security solutions through sector scanning of corporate airspace, raises $27M in Series B round of funding from Bessemer Venture Partners, Spinnaker VC, Comcast, Keel Funds, Ballentine Partners and individual investors. Link
Knightscope (2013, Sunnyvale), autonomous crime prevention technology robots, raises $15M in Series B round of funding from over 4,000 investors via SeedInvest. Link
TalkIQ (2013, SF), provider of enterprise class real-time predictive voice analytics platform, raises $14M in Series A round of funding led by Scale Venture Partners with participation from Aspect Ventures, Danhua Capital, Felicis Ventures LINE Corp and Salesforce Ventures. Link
ViralGains (2012, Boston), provider of viral marketing solutions for online publishers, raises $13.5M in Series B round of funding from First Analysis, Origin Ventures, Stage 1 Ventures, Pallasite Ventures, LaunchCapital and others. Link
Salesforce Ventures, SF-based corporate venture capital arm of Salesforce, launches $50M fund focused on AI. Link
A daily newsletter summarizing recent activity & interesting startups globally
RECENT NOTABLE ACTIVITY – FITNESS AND WELLNESS
Headspace, a mobile app offering guided meditation sessions and mindfulness training, has raised $37M in Series B funding from Spectrum Equity. Link
Happify, an online platform offering solutions for mental & emotional wellbeing, has raised $9M in Series B financing from an undisclosed investor. Link
8 Fit, a mobile app that offers workout and nutrition plans raised $7M in a Series A funding round led by Creandum and Eight Roads Ventures. Link
LVL Technologies, a company developing wearable sensors to monitor hydration levels, has raised $7M in a Series A financing round led by the Samsung Catalyst Fund and Maxim Ventures. Link
Welltory, a digital health startup offering stress & energy management app, has raised $1M in Angel funding by undisclosed investors. Link
PurelyB, a Malaysia-based health & wellness portal raised $300K via equity crowdfunding platform ATA Plus. Link
Meditation Studio, an app providing guided meditation lessons, has raised $202K in a seed funding round. Link
Voomfit, an online platform to book fitness and wellness services, has raised $193K in an Angel funding round. Link
CureFit launched new product Mind.fit to offer meditation and other mental fitness services. Link
SOME INTERESTING STARTUPS FOUND
Gixo (2016, San Francisco) – Gixo offers live video-based fitness classes through the mobile app. Unyte (2016, Toronto) – Unyte offers a VR environment-based interactive meditation system.
LEADER BOARD – FITNESS AND WELLNESS
Physical Fitness – Tracking & Monitoring Codoon (Chengdu, 2011, $90M) – Smart Wearables and fitness social network for users. Backed by Shenzhen Capital Group, SIG China, SBCVC, CITIC Capital, Focus Media, FountainVest Partners and Shanda Group. Fitbit (SF, 2007, IPO) – Wireless wearable sensors to track person’s activities. Went public in 2015. Athos (Redwood City, 2012, $51M) – Smart fitness tracking apparel connected through app. Backed by Social Capital, MAS Holdings, Lightspeed Venture Partners, Felix Capital, DMC USA LTD, True Ventures, and DCM Ventures.
Physical Fitness – Fitness Services ClassPass (NYC, 2011, $154M) – Membership programs for fitness classes across multiple gyms. Backed by SV Angel, Mayfield, Charles River Ventures and 18 other investors. KFit (Kuala Lumpur, 2015, $15M) – Membership pass for various gyms and fitness studios. Backed by Sequoia Capital, 500 Startups, SIG, Mavcap, Asia Venture Group, SXE Ventures, InnoVen Capital, SEGNEL Ventures, Intres Capital, and Venturra Capital.
Physical Fitness – Digital Fitness Solutions Keep (Beijing, 2014, $37.5M) – Video-based workout guide and progress monitoring tool. Backed by GGV Capital, Morningside Group, Ventech China, and Bertelsmann Asia Investment Fund. Hotbody (Beijing, 2014, $27M) – Fitness community and an app to remotely consult professional coaches. Backed by Hupu, Meridian Capital China, Greenwoods Investments and The Arena Capital. Grokker (San Jose, 2012, $22.5M) – On-demand fitness, yoga, meditation, and healthy cooking videos. Backed by First Round Capital, SV Angel, Khosla Ventures, Correlation Ventures, InterWest Partners, Comcast Venture and Aspect Ventures.
Physical Fitness – Exercising Solutions Peloton Cycle (NYC, 2012, $444M) – Fitness bike with access to live and on-demand classes. Backed by Wellington Management, Fidelity Investments, KPCB, True Ventures, GGV Capital, Balyasny Asset Management, Comcast, L Catterton, Tiger Global Management, Grace Beauty Capital, Tugboat Ventures, and Brand Foundry Ventures. Zwift (London, 2014, $45M) – Indoor cycling workouts with gamification. Backed by Shasta Ventures, COLOPL, Samchuly, Waypoint, and Novator Partners. Interactive Fitness (Sunnyvale, 2009, $41M) – Bikes for indoor cycling with gamification. Backed by Silicon Valley Bank, Sierra Ventures, Physic Ventures and Enterprise Partners Venture Capital
Physical Fitness – Social Platform Strava (SF, 2009, $35M) – Strava is the social network for athletes. Backed by Sequoia Capital, Sigma Partners, Jackson Square Ventures and Go4It. Joyrun (Guangzhou, 2014, $18M) – Social networking application for jogging. Backed by Innovation Works, Qihoo 360 and The Arena Capital.
Content Platforms Healthination (NYC, 2005, $14M) – Health and wellness video provider. Backed by Intel Capital and MK Capital. Greatist (NYC, 2011, $8M) – Digital media company publishing health & fitness content. Backed by StartUp Health, Floodgate, Vayner RSE, and Riverpark Funds.
Tools for Fitness Professionals Mindbody (San Luis Obispo, 2001, IPO) – Marketplace booking and business management SaaS for wellness centers. Went public in 2015. Netpulse (SF, 2009, $52M) – Member engagement SaaS platform for fitness clubs. Backed by Javelin Venture Partners, Nokia Growth Partners, August Capital, Frontier Venture Capital, Bally Fitness, DOCOMO Innovations, Javelin Venture Partners, and DFJ Frontier.
Commerce HealthKart (Gurgaon, 2011, $34.5M) – An online store for fitness and health products. Backed by Kae Capital, Sequoia Capital, Intel Capital, and Omidyar Network. Nu3 (Berlin, 2011, $7M) – An online retail platform for health & fitness related products. Backed by Lakestar, Project A Ventures, Alternative Strategic Investments and Black River Ventures.
Mind & Body Wellness- Sleep Management Sleepace (Shenzhen, 2012, $18M) – Connected sleep tracking devices to monitor user’s sleep quality. Backed by Ximalaya, Jingdong Group, Gobi Partners, and AV Capital.
Mind & Body Wellness – Stress Management Happify (NYC, 2011, $22M) – Platform for improved mental & emotional health through gamification. Backed by btov Partners, Mangrove Capital Partners, Bridge Builders Collaborative, Founder Collective, TA Ventures.
Mind & Body Wellness – Mindfulness & Meditation Headspace (LA, 2010, $74M) – Guided meditation sessions and mindfulness training. Backed by Spectrum Equity, Advancit Capital, Allen & Company, Breyer Capital, Broadway Video, Deerfield, WME Entertainment, Refactor Capital. Interaxon (Toronto, 2009, $18M) – Brain Sensing headband ‘Muse’ to help in meditation. Backed by Felicis Ventures, ff Venture Capital, Horizons Ventures, A-Grade Investments, OMERS Ventures, Build Ventures, Mindfull Investors, TownsgateMedia, and Flextronics Lab IX.
Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
Memphis Meats, a lab-cultured meat developer raises $17M in a Series A round from Cargill, a Minneapolis based agribusiness conglomerate. Link
DouxMatok, a developer of sugar reduction flavor, raises $8.1M in Series A led by Israel’s largest Venture Capital fund, Pitango. Link
ICONIC Protein, a brand of protein fortefied beverage raises $8M in a Series A round led by KarpReilly. Link
Deliveroo, a food delivering aggregator platform based in the UK reported over 600% increase in annual revenues. Link
Smart Lunches, an online platform for food ordering and delivery for school children, raises $6.3M in Series B round from an undisclosed investor. Link
Hooch, a membership-based cocktail society rasies $4.5M in a Series A round from an undisclosed investor. Link
7shifts, an employee scheduling platform for restaurants raises $3.5M in a Series A round from Tandem Capital and existing investor, Relay Ventures. Link
Zomato, a food discovery and ordering platform acquires Runnr, a food delivery startup in all stock deal. Runnr currently fulfiills about 300k monthy orders i.e. 10% of the total delivery orders of Zomato. Link
Albertsons Companies, one of the largest grocery retailers in the USA, acquires Plated, a meal-kit delivery startup. Link
Nestle, the world’s largest food and beverage conglomerate acquires, plant-based frozen food company Sweet Earth. Link
VizEat, a social dining platform for travellers to dine with local hosts, acquires EatWith, a startup operating in the same space. Link
Juicero, a $90M funded company that manufactures smart juijcers closes the operations and claims to be processing customer refunds for next 90 days. Link
Prepped (2016, Langhorne) – Internet first restaurant delivering heat & eat meals. Fingerlix (2016, Mumbai, $4.3M) – Online and mobile platform to deliver semi-cooked food.
LEADER BOARD – FOOD TECH
Ordering & Delivery DeliveryHero (2011, Berlin, IPO) – Online food ordering service. Backed by Rocket Internet and Insight Ventures. GrubHub (2004, Chicago, IPO) – Online and mobile platform for ordering food. Went public in 2014. JustEat (2001, London, IPO) – Online ordering service. Take-away only. Went public in 2014. Takeaway (2000, London, IPO) – Online ordering service for take-away orders. Went public in 2016. Ele.me (2008, Shanghai, $2.34B) – Online ordering and delivery of food from restaurants with its own logistics network. Backed by Tencent, CitiCapital, Beijing-Hualian, Sequoia Capital etc.
Dine-Out Open Table (1998, SF, IPO, Acq) – Online marketplace for restaurant reservation. Offers table-booking management system to restaurant owners. Went public in 2009. Acquired by Priceline in 2014. Zomato (2008, Gurgaon, $223M) – Online and mobile restaurant discovery service. Backed by Sequoia. BookaTable (2006, London, $63M, Acq) – Real time table booking. Provides marketing, database management and technical support to Restaurants. Acquired Swedish company 2Book in 2014. Backed by Balderton. Acquired by Michelin in 2016. Ricebook (2012, Beijing, $53.5M) – Crowd sourced restaurant discovery mobile app. Backed by Sequoia.
Internet First Restaurants Munchery (2011, SF, $117M) – Internet first gourmet meal delivery service. Backed by Shepra Ventures. Freshly (2012, NYC, $107M) – Internet first restaurant that delivers ready-to-heat meals. Backed by Highland Capital Partners. Faasos (2011, Pune, $65M) – Multibrand web and mobile based cloud kitchen. backed by Sequoia. Frichti (2015, Paris, $48M) – Internet first restaurant providing meal delivery service. Backed by Verlinvest. Habit (2015, Emeryville, $32M) – Analyzes DNA to profile nutritional requirement based on which prepares and delivers personalized meals. Backed by Campbell’s Soup.
Recipe Box Blue Apron (2012, NYC, IPO) – Delivers meal kits, including pre-measured ingredients and recipes, in refrigerated boxes. Backed by Fidelity. Hello Fresh (2012, Berlin, $367M) – Weekly subscription based service that provides 3-4 recipes and related grocery. Sources seasonal and local organic food. Backed by Rocket Internet. Plated (2012, NYC, $80M, Acq) – Offers a subscription box service that contains meal ingredients and recipes by partnered chefs. Backed by Greycroft.
Snack Box NatureBox(2012, Berlin, $60M) – Internet first retailer of healthy snacking food products and snack box. Backed by Canaan Partners.
Beverages Lot18 (2010, NYC, $44.5M) – Online retailer of wines and related offerings. Backed by Accel Partners. Drizly (2012, Boston, $33M) – Mobile marketplace for alcohol delivery. Backed by Polaris Partners.
Novel Foods Impossible Foods (2011, Redwood City, $258M) – Sustainable food company focusing on plant based meat substitutes. Backed by Google Ventures and Khosla Ventures. Hampton Creek (2011, SF, $120M) – Food technology company making plant based egg substitutes. Backed by Khosla Ventures. Soylent (2013, Los Angeles, $74.5M) – Meal replacement product that provides essential nutrients in a serving. Backed by GV. Ripple Foods (2014, Emeryville, $44M) – Makes dairy free milk and milk based products made from pea protein. Backed by Khosla Ventures.
Hardware and IOT Solutions Coravin (2011, Burlington, $62M) – Designs and markets their technology system that enables access and pouring of wine form a bottle without pulling the cork. Backed by Windham Venture Partners. Innit (2013, SF, $43M) – A platform that manages and connects food information with appliances and devices.
Enterprise Solutions Toast Tab (2011, Boston, $131M) – PoS software provider for restaurant management. Backed by Generation Investment Management. Revel Systems (2010, SF, $127M) – Cloud-based POS iPad point of sale solution for restaurants and retail businesses. Backed by Rothenberg Ventures and DCM Ventures. Tillster (2006, San Diego, $86M) – Offers cloud-based ordering and engagement solution for restaurant industry. Backed by Allegis Capital.
Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
Checkmarx, a provider of application security testing solutions has introduced Interactive Application Security Testing solution CxIAST, a platform which enables dynamic and continuous application security testing in real time. Link
Plutora, a provider of continuous delivery management for enterprise IT has released Plutora Test, a next generation test management tool which supports any development methodology to enable integration of software testing throughout the entire software delivery pipeline. Link
SmartBear Software, a provider of software quality tools has introduced a new integration between SwaggerHub and Apigee enabling teams to deploy and sync the API definitions with Apigee’s Edge API management platform directly from SwaggerHub. Link
Zephyr, a provider of software quality management solutions has introduced the latest version of quality management platform, Zephyr Enterprise Platform 5.1 which includes highly-requested customer capabilities. Link
SOME INTERESTING STARTUPS FOUND Engauge (2017, Miami) – Provides A/B Testing for Developers.
LEADER BOARD – SOFTWARE TESTING TOOLS
Suite Soasta (2006, California, $78M, Acq.) – Builds software products for testing, monitoring websites and mobile apps in the cloud. Backed by Tennenbaum Capital Partners, Entrepreneurs Fund, Pelion Venture Partners, Formative Ventures and Canaan Partners. Acquired by Akamai in 2017. SmarteSoft (2007, Austin, $2M) – Provides quality assurance and automated testing solutions. Backed by CTAN, and Daylight Partners.
Automated Testing Tools Tricentis (2008, Vienna, $174M) – Provides functional and automated testing for mobile and web applications. Backed by Wipro, Insight Venture Partners, ViewPoint Capital Partners, Harbert Management. Confirmiq (1998, Saratoga, $7.8M) – Provides platforms for model based testing and end-to-end test automation products. Backed by Nexit Ventures and Finnish Industry Investment Ltd.
Performance Testing Gomez (1997, Lexington, $66M, Acq.) – Provides web performance monitoring solutions to optimize the performance, availability and quality of web & mobile applications. Backed by AdAstra, Dolphin Equity Partners and BancBoston Ventures. Acquired by Compuware in 2009. Apica (2005, Stockholm, $25.6M) – Provides cloud based web monitoring and load testing solutions. Backed by SEB Venture Capital, Industrifonden, Almi Invest and KTH Chalmers Capital.
Security Testing Veracode (2006, Burlington, $107M, Acq.) – Cloud based platform to govern and mitigate software security risks across a single application or enterprise portfolio. Backed by Wellington Management. Acquired by CA in 2017. Checkmarx (2006, Ramat Gan, $98.5M) – Provides static application security, mobile security and open source analysis products for enterprises and developers. Backed by Insight Venture Partners, XT Ventures and Salesforce.
UI Testing ObservePoint (2006, Provo, $34.5M) – Provides a data quality assurance platform. Mercato Partners, Pelion Venture Partners, Peak Ventures, BYU Cougar Capital, Stoneway Capital. Applitools (2013, Tel Aviv, $15M) – Cloud based testing tool to validate visual aspects of web, mobile and native apps. Backed by Magma Venture Partners.
Usability Testing User Testing (2007, California, $48.5M) – Platform to get feedback from users for apps and websites. Backed by Accel and Kern Whelan Capital. UserZoom (2007, California, $36.6M) – Provides tools for online user experience research and remote usability testing. Backed by TC Growth Partners, Trident Capital and StepStone Group.
Emulator Testing Genymotion (2011, Paris, $9.7M) – Android emulator that helps developers to test and view apps running on different combinations of large and small devices. Backed by Alven Capital and Bpifrance.
Device Lab Perfecto Mobile (2006, Rosh Haayin, $83M) – Provides cloud based testing, automation and monitoring solutions for mobile applications and websites. Backed by Technology Crossover Ventures, Globespan Capital Partners, FTV Capital, Carmel Ventures and Vertex Ventures. Xamarin (2011, SF, $82M, Acq.) – Provides test cloud platform to run automated UI tests for iOS and Android apps across real devices. Backed by Insight Venture Partners, Floodgate, Charles River Ventures, Lead Edge Capital and Ignition Partners. Acquired by Microsoft in 2016.
Crowd sourced Testing Applause (2007, Framingham, $116M) – Provides crowd sourced testing for functional testing and digital testing along with mobile beta management and mobile sentiment analysis. Backed by Goldman Sachs, QuestMark Partners, Scale Venture Partners, Longworth Venture Partners, Mass Ventures, Egan-Managed Capital and Mesco Ltd Bugcrowd (2012, SF, $22.7M) – Provides a market place to testers for security testing on web and mobile applications. Backed by Industry Ventures, Salesforce Ventures, Blackbird Ventures, Palladin Capital Group, Costanoa Venture Capital and Rally Ventures.
Test Management QASymphony (2011, Atlanta, $47.5M) – Provides quality assurance and testing tools that integrate with workflow management. Backed by Insight Venture Partners, Fulcrum Equity Partners, BIP Capital, Poplar Ventures and KMS Technology.
Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount
There was no change in the total funding dollars from the previous year as total funding rounds fell by 57%.
By stage, funding dollars surged by 110% for late, fell by 15% for early and 66% for seed.
Average ticket size climbed by 136% from the previous year for Series B investments as it remained constant for seed and fell by 45% for Series A.
Top investor by stage of entry includes Y Combinator for seed, Legend Capital for Series A and B and Warburg Pincus for later stage.
Auto Commerce has historically drawn the most investment ($8B) with financial services ($797M) following a close second in the auto tech landscape as $5.14B have been invested in this sector between 2016-17 YTD.
