From augmented reality to fitness bands, 2014 saw investors aggressively backing wearable tech companies. In fact, the 10 largest wearable tech deals of the year took nearly $1B in funding.
Interestingly, there are a handful of prominent VCs who’ve backed multiple wearable tech companies on the list. Khosla Ventures, for example, has backed four of the companies (Misfit, Jawbone, Thync and Quanttus) while Kleiner Perkins (Magic Leap,Jawbone, mCube) and Qualcomm Ventures (Magic Leap, Ineda) are also among the notable investors in the space.
The chart below highlights the 10 largest wearable tech financing rounds in 2014 YTD, which combined for $997M in aggregate funding.
| Rank | Company | Date | Funding Amount | Select Company Investors |
|---|---|---|---|---|
| 1 | Magic Leap | Oct-14 | 542 | Google, Kleiner Perkins, Andreessen Horowitz, KKR, Google, Qualcomm Ventures, Vulcan Capital |
| 2 | Jawbone* | Feb-14 | 250 | Rizvi Traverse Management |
| 3 | Magic Leap | Feb-14 | 50 | Google, Kleiner Perkins, Andreessen Horowitz, KKR, Google, Qualcomm Ventures, Vulcan Capital |
| 4 | Misfit Wearables | Dec-14 | 40 | Xiaomi, Norwest Venture Partners, Founders Fund, Horizons Ventures, Khosla Ventures, GGV Capial, Jingdong |
| 5 | mCube | Jun-14 | 37 | Kleiner Perkins, DAG Ventures, SK Telecom Ventures, iD Ventures America, Keytone Ventures |
| 6 | Quanttus | Feb-14 | 19 | Khosla Ventures, Matrix Partners |
| 6 | Ineda Systems | Apr-14 | 19 | Walden International, Riverwood Capital, Samsung Ventures, Qualcomm Ventures, Cisco Investments |
| 8 | Zepp Labs | Jan-14 | 15 | Bertelsmann Digital Media Investments, GGV Capital, Legend Capital, Cherubic Ventures |
| 9 | Thync | Oct-14 | 13 | Khosla Ventures, Andreessen Horowitz |
| 10 | Athos Works | Aug-14 | 12.2 | Doll Capital Management, True Ventures, The Social+Capital Partnership |
| *Partial close | ||||
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