April saw over $1.1B in funding, going to early-stage startups across over 400 deals. The report below details early stage (angel – Series A) technology financings and some of the hottest early-stage tech companies based off of social media, news, and web traffic momentum that were funded in April 2015.
Specifically this report covers:
- Overall financing trends
- Mean & median deal sizes
- Which sectors garnered the most investment
- The month’s largest deals
- The most active VCs
- Which sub-industries are hottest
- Companies with the most momentum
APRIL 2015: $1.18B INVESTED ACROSS 419 EARLY-STAGE DEALS
Early-stage Tech investment activity fell off March’s highs, as startups raised $1.18B across 419 early-stage deals in April. It’s clear that $1 billion is the new normal for early-stage funding.
MEDIAN DEAL SIZES BOUNCE BACK
The median round size across all early-stage Tech deals bounced back to $1.7M after March saw its lowest figure since February 2014.
ANGEL BACK DOWN TO EARTH IN APRIL
After mean and median deal sizes popped in March, Angel rounds fell to $1.15M on average, and $0.70M on a median basis. Median angel round sizes have now fallen below $1M in 3 of the past 4 months.
SEED DEAL SIZES REBOUND IN APRIL
Median Seed Tech deal sizes in April bounced back to $1M, up drastically from March’s low of $0.63M. The $1M Seed looks like a new normal, as 6 of the last 7 months have been within $100k of $1M.
MEDIAN SERIES A HITS $5M+ FOR 8TH STRAIGHT MONTH
After March saw multiple $50M+ Series A rounds, April saw none, as average Series A deal size fell to $6.91M. Median Series A deal size was $5M, marking the eighth straight month at $5M+.
INTERNET DEAL SHARE TOPS 60% FOR 4th STRAIGHT MONTH
Internet startups made up 68% of all early-stage tech investments in April. This was the fourth straight month that Internet deal share has topped 60%. Mobile startups fell slightly month over month, taking 25% of all deals versus 28% in March.
INTERNET FUNDING SHARE JUMPS TO 68%
Internet startups captured 68% of all funding in April 2015, their second highest funding share in 16 months. Mobile fell to just 22% funding share, while all other sectors remained range-bound.
LARGEST EARLY STAGE DEALS RAISE $214M
Vlocity, a CRM company founded by Veeva Systems’ founders was the largest US early-stage Tech deal in April, raising $42.8M from Salesforce Ventures and Accenture. MX and Patch of Land rounded out the top 3, as the top 10 deals cumulatively raised $213.7M in April.
|1||Vlocity||Customer Relationship Management||42.8|
|2||MX||Accounting & Finance||30.0|
|3||Patch of Land||Marketplace||23.6|
|4||Honor Technology||Health & Wellness||20.0|
|4||Navdy||Computer Displays & Projectors||20.0|
|6||CNEX Labs||Big Data Storage||18.8|
|7||Peloton Technology||Supply Chain & Logistics||16.0|
|8||Green Chef Corp||Food & Grocery||15.5|
|9||Artivest Holdings||Asset & Financial Management & Trading||15.0|
500 STARTUPS IS MOST ACTIVE VC IN APRIL
|4||New Enterprise Associates|
|4||Bain Capital Ventures|
|4||First Round Capital|
TRAVEL AND SUPPLY CHAIN TOP SUB-INDUSTRIES
Supply Chain & Logistics startups saw the largest deal growth of tech sub-industries in March 2015 vs. the same month a year prior. Alternatively, mobile Travel saw the largest decline, as the sole deal done was a $2M seed investment to Paris-based misterbnb.
HIGH-BUZZ EARLY STAGE TECH COMPANIES
We tracked overall news mentions as well as web traffic metrics (pageviews, reach, rank) and Twitter mention growth for early-stage tech companies that received financing in April 2015. Below are the 4-20 ranked companies in each metric. The full top 20 is available to CB Insights customers on the Research tab.
|News Mentions||Web Traffic||Twitter Mention Growth|
|1||Login to CB Insights||1||Login to CB Insights||1||Login to CB Insights|
|1||Login to CB Insights||2||Login to CB Insights||2||Login to CB Insights|
|1||Login to CB Insights||2||Login to CB Insights||3||Login to CB Insights|
|12||Clarifai||12||Viralize||13||Take Eat Easy|
|15||Take Eat Easy||17||LoveTheSign||18||CrowdyHouse|
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This report was created with data from CB Insights’ emerging technology insights platform, which offers clarity into emerging tech and new business strategies through tools like:
- Earnings Transcripts Search Engine & Analytics to get an information edge on competitors’ and incumbents’ strategies
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