June was a bounce-back month for early-stage activity, as deals topped 450 for just the second time in two years, and funding topped $1.2B, the second-highest monthly total of the past three years.
The report below details early stage — Angel and Series A — technology financings, and ranks some of the hottest early-stage tech companies funded in June 2015 based on momentum data from social media, news, and web traffic.
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
- Companies with the most momentum
JUNE 2015: $1.23B INVESTED ACROSS 453 EARLY-STAGE DEALS
Early-stage tech deal activity rebounded after two straight months of decline, as startups raised $1.23B across 453 early-stage deals in June, just the second time in over two years that deals have topped 450.
MEDIAN TECH EARLY-STAGE DEAL SIZE REMAINS ABOVE $1.5M
The median round size across all early-stage tech deals fell to $1.6M in June, but it was the the third straight month of median deal size above $1.5M.
ANGEL DEAL SIZES REBOUND
After median Angel rounds fell for two straight months, they rebounded in June to $620K. Angel rounds have now been under the $1M level for 5 of the past 6 months in 2015. In contrast, 2014 saw just 4 months in which median Angel rounds were below $1M.
ACCELERATOR CLASSES BRING DOWN SEED FIGURES
Both median and average tech seed deal sizes plunged to $130k and $620k respectively, due to a large number of accelerator financings.
EX-ACCELERATORS SEED DEAL SIZES ABOVE $1M FOR ELEVENTH STRAIGHT MONTH
Removing all accelerator/incubator rounds, June came in at $1.12M, the eleventh straight month of $1M+ for median seed deal size when these rounds are excluded.
SERIES A DEALS TICK UP IN JUNE
The median Series A deal size ticked up slightly to $5.5M in June, marking the tenth straight month at $5M+, further cementing $5M as the new normal for Series A.
INTERNET DEAL SHARE REACHES 60% FOR SIXTH STRAIGHT MONTH
Internet startups made up 60% of all early-stage tech investments in June. This was the sixth straight month that Internet deal share has reached 60%. Mobile deal share grew to 31%, its highest monthly share since November 2013.
INTERNET FUNDING SHARE STAYS AT 60%+
In dollar terms, internet startups captured 60% of all funding in June 2015, their lowest funding share in 2015, but the sixth-straight month at 60%+. Mobile funding share reached 30% for just the second time since November 2013 behind large deals to Trucker Path, Swiggy, Envoy, and other startups.
LARGEST US EARLY STAGE DEALS RAISE $169M
Velo3D, a stealth 3D printing technology company, received the largest US early-stage tech deal in June, raising $22.1M from Khosla Ventures. HomeHero and Trucker Path rounded out the top 3, each raising $20M. The top 10 deals cumulatively raised $168.8M in June.
|1||Velo3D||Printing & Imaging Equipment||22.1|
|2||Trucker Path||Information Providers & Portals||20.0|
|4||ServiceTitan||Customer Relationship Management||18.0|
|5||Cure Forward Corp.||Health & Wellness||15.0|
|5||rewardStyle||Advertising, Sales & Marketing||15.0|
|5||Managed by Q||Supply Chain & Logistics||15.0|
|5||Envoy||Data & Document Management||15.0|
|5||Talkdesk||Customer Relationship Management||15.0|
500 STARTUPS IS MOST ACTIVE VC IN JUNE
|2||New Enterprise Associates|
|8||Bessemer Venture Partners|
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 June 2015. Below are the rankings for each metric, showing only the 4th to 20th-place rankings. The full top 20 are only available to CB Insights customers on the Research tab.
||Twitter Mention Growth|
|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||2||Login to CB Insights|
|3||Login to CB Insights||3||Login to CB Insights||3||Login to CB Insights|
|4||Rancher Labs||5||Postergully||5||Managed by Q|
|4||Cure Forward Corp.||6||rewardStyle||7||Mayvenn|
|11||One Month||12||Printland Digital||
|13||EduKart||14||Vidooly Media Tech||14||Knyttan|
|13||Swiggy||15||One Month||15||Zane Benefits|
|13||Talkdesk||15||DocSuggest Healthcare Services||16||Voonik|
|13||Plotly||17||Sketchfab||17||Smart Vision Labs|
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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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