With $986 million, it was the first time early stage funding was less than $1B since July 2014
Sourced through Scoop.it from: vator.tv
Internet startups are doing fine, as they accounted for 51% of funding dollars that went to early-stage tech companies in August, and 58 of the deals. That ended three months of falling dollar share. Mobile companies took 26% funding share, and had 30% of the deals for just the third time over the last three years. The top six early stage deals of the month were:
- The biggest deal was Flexport, a platform for global trade, which raised a $20 million round from Peter Thiel, along with A-Grade Investments, Bloomberg Beta, Cherubic Ventures, First Round Capital, Fuel Capital, Funders Club, Google Ventures, Susa Ventures, Y Combinator, Ceyuan Ventures, Felicis Ventures, and Fenway Summer.
- Virtualization company RIFT.io raised a $16 million series A round of funding, led by North Bridge Venture Partners with participation from other strategic investors.
- Gaming-focused startup castAR raised a $15 million Series A round led by Playground Global Ventures.
- Hybrid cloud company Velostrata raised $14 million in a Series A funding round led by Norwest Venture Partners and Greylock IL Partners (83North).
- Talena, a Big Data Availability Management company, raised $12 million from Canaan Partners, Intel Capital, ONSET Ventures and Wipro Ventures.
- Edtech startup Panorama Education, raised a $12 million Series A round, from Owl Ventures and Spark Capital.
The top 10 deals during the cumulatively raised $131 million.