Week 29 for startup funding funding concluded on 21st July 2019 , and here are all the highlights of it – the top industries, countries, and the startups.
342 deals were signed in Week 29 of funding, recording a growth of 4.6% in the total number of deals from the previous week. The funding amount for only 275 deals was disclosed this week. The total disclosed investment amount for Week 29 capped at $7.7 billion, which like the number of deals also showed an increase, by 31%.
Industries in the Lead For Startup Funding in Week 29 of 2019
In terms of the number of deals, the top industries that stood out were software & SaaS, health & medtech, and fintech accounting for 40% of the disclosed deals in Week 29. Health and medtech and software and SaaS both bagged equal number of deals with 47 deals each this week.
The top-performing industries to raise some of the highest amounts of funding in Week 29 are fintech, health and medtech, and transportation & logistics. These industries accounted for 57% of the total investment raised with fintech startups raising the highest funding at $1704 million. As per the research by HexGn, the average investment raised in week 29 amounts to $22.7 million.
Week-on-Week Comparison for Top Countries for Startup Funding in Week 29 of 2019
USA, China, and the UK continue to soar as the top three countries this week too. Here is a comparison of the performance of each of these countries in Week 29 with previous week.
As compared to Week 28, the number of deals in the US increased by 18%, and the investment amount reduced by 10%.
China recorded 6% growth in the number of deals and the investment amount in the country grew by 2.5 times than what it was in Week 28.
The UK, witnessed a growth in the number of deals by 9%, and the funding amounts grew 3.5 times of what it was in the previous week.
Health and medtech startup Radiology Partners raised $700 million in Week 29 becoming the top funded startup for the week. The innovative radiology service provider is headquartered in Greater Los Angeles Area and provides its services to over 1000 hospitals.
The second highest funded startup for the week is Octal which raised $625 million. It is a company providing clear rigid packaging provider based in Muscat which ensures that its products are sustainable.
The next startup to have raised significant funds in Week 29 is transportation startup Flix Mobility. The German startup offers long-distance bus and train services as an affordable alternative to government transportation services. Let us look at some of the other startups shining this week with high funding amounts.
Hello TransTech raised $400 million this week from a corporate round featuring seven investors. Previously known as HelloBike, the Shanghai-based startups creates smart sharing bikes.
UK-based SumUp raised $369 million to help propel its journey towards becoming a global leader in card payments service solutions category. The debt financing round was led by Goldman Sachs Private Capital Investing and Bain Capital Credit.
Bain Capital Credit invested $300 million D&J China, a Shanghai-based startup helping professionals further their career though development plans and training programs.
Peer-to-peer car sharing marketplace brand Turo picked up $250 million in Week 29 in its Series E round of funding. The unicorn startup is based in the San Francisco Bay Area.
Lendable raised $248 million from lead investor Goldman Sachs Private Capital Investing in a debt financing round. The startup is a fast-growing peer-to-peer lending platform.
International trade finance provider startup raised $200 million in Week 29 from Natixis. The startup is based in London.
N26, a German fintech startup, raised $170 million in its Series D round from a group of seven investors. The startup was founded in 2013 and is headquartered in Berlin.
That is all from the team here at HexGn for Week 29 of startup funding for 2019 in which startups from 38 countries raised key investments for their exciting entrepreneurial journeys. Keep watching this space for the updates of next week of funding for startups from around the world.