The cost of fraud. Aged airplanes. Mckinsey's internal hedge funds.
CB Insights celebration

Hi there, 

We just wrapped our Future of Fintech conference in New York. 

Many of the conversations touched on points relevant to other industries and we’ve summarized them for those who couldn’t attend: 

Below is the week in data with some trending startups, big deals, and more.

Have a great weekend,


The Week In Data

  • 11%: Deals to private tech companies in the United States ticked up by 11% in Q1’16 after a dramatic plunge in the last quarter of last year. But deal volume is still down from the peak quarterly pace reached in mid-2015. 

  • 38%: The cost of fraud to US insurance institutions is about 38% of all the cash flowing through the system on an annual basis, according to a statistic cited by Lemonade CEO Dan Schreiber at our Future of Fintech conference panel on insurance tech. See the summary of the panel discussion here.
  • $10M: The amount invested in the single largest individual account at Betterment, a robo-advisory. Critics have said high net-worth individuals will likely not adopt robo-advisors since they require more sophisticated investment advice. But at our recent Future of Fintech Conference Betterment CEO Jon Stein said wealthier clients have been putting a higher proportion of their assets into their accounts. See the summary of the panel discussion here.
  • $100M: The amount of money that Google co-founder Larry Page has invested in Zee.Aero, a secretive startup that is developing a flying car — i.e., a small electric plane that can take off and land vertically — out of a 30,000 square foot warehouse in Hollister, California, according to Bloomberg’s reporting. 
  • 16.2: The average age in years that a plane in Delta’s fleet will have in 2017, according to a presentation by rival American Airlines

  • $9.5B: The size of McKinsey’s internal hedge funds for partners, which has turned a profit in 24 of the 25 years it has been in existence and saw a 14% return in 2014. 
  • $5M: That’s the size of a seed funding round led by Andreessen Horowitz into Freenome, which wants to create a blood test — also known as a liquid biopsy — that screens for certain types of cancer. The startup is led by 27-year-old co-founder Gabe Otte. We’ve covered the rush into cancer-related startups here and here
  • 84: The age of pioneering VC and Kleiner Perkins Caufield & Byers co-cofounder Tom Perkins, who died late this week. Perkins also helped launch Hewlett-Packard’s computer division and served on the board of HP. 
  • 1.1%: The annual yield offered to depositors in a money market account at the Dime Saving Bank of Williamsburgh in Brooklyn, New York. That’s among the highest interest rates in the country and is part of the bank’s strategy for attracting millennial customers. 
  • 5,470: The daily calorie intake in the daily diet of actor and wrestler The Rock, according to Tech Insider.  
Tweet of The Week

Here's what the team at CB Insights has been talking about.
Mosaic Momentum Alerts

These startups saw the biggest uptick in their Mosaic momentum scores in the last week. To see the entire list of this week's biggest movers, login and run this search.

The CB Insights Mosaic algorithm is a National Science Foundation-backed score that tracks the health of private companies using public data.

1. LogicMonitor+180
LogicMonitor is a SaaS-based performance monitoring solution.

2. HourlyNerd+170
HourlyNerd offers an online marketplace to connect small and mid-sized businesses with MBA students and graduates who can provide part-time and freelance work.

3. Skyhigh Networks+130
Skyhigh Networks aims to help companies use cloud services while ensuring security, compliance, and governance of corporate data.

4. Renaissance Learning+130
Renaissance Learning is a provider of cloud-based assessment, teaching and learning solutions that fit the K12 classroom.

5. Ensighten+110
Ensighten is an enterprise customer data and marketing platform. Investors include Mack Capital and Insight Venture Partners.

6. VoltDB+100 
VoltDB is a developer of NewSQL database management systems. Investors include BlueStream Ventures and Sigma Partners.

7. Skillz+100
San Francisco-based Skillz, formerly Lookout Gaming, is specialized in mobile eSports.

8. SevOne, +100 
SevOne is a global provider of digital infrastructure management solutions. Investors include Bain Capital Ventures and Brookside Capital. 

9. Rimini Street+80
Rimini Street is a third-party maintenance and support provider for enterprise software, including SAP AG and Oracle Corporation software.

Affirmed Networks offers targeted solutions in the mobile data space to enable mobile carriers to be part of the revenue chain for data usage and content distribution. 

The Week's Top Deals
We tracked 621 deals totaling over $3B in the last week. Here's the top 10. Run this search on CB Insights to see them all.
1. DONG Energy raises $2.6B at IPO
The Denmark-based energy group went public at a $15B valuation.

2. LongPoint Minerals raises $525M Private Equity round 
The newly-formed oil and gas interest acquirer is based in Denver, Colorado, and raised from CPP Investment Board.

3. SMS Assist raises $150M Series D round
The Chicago, Illinois-based property management software maker raised from Goldman Sachs.

4. W Energy Partners raises $150M Private Equity round
The Dallas, Texas-based company raised from Crestview Partners.

5. Ginkgo BioWorks raises $100M Series C round
The Boston, Massachusetts-based company raised from Allen & Company, Baillie Gifford & Co., Cascade Investment, Senator Investment Group, Viking Global Investors, and Y Combinator.

6. Zee.Aero raised a total $100M in Angel financings from Larry Page over four years
The Mountain View, California-based stealth aircraft company is focused on developing a flying car.

7. KnuEdge raises $100M round
Founded by Dan Goldin, the former NASA chief, the San Diego, California-based company is focused on neural computing technology. 

8. Cylance raises $100M Series D round
Focused on AI-based cybersecurity solutions for detecting malware threats, the company raised from Blackstone Group, Capital One Growth Ventures, Dell Ventures, DFJ Growth Fund, Fairhaven Capital, In-Q-Tel, Insight Venture Partners, Khosla Ventures, Kohlberg Kravis Roberts & Co, and Ten Eleven Ventures

9. Liberty SBF raises $75M Series B round
The Philadelphia, Pennsylvania-based company finances commercial real estate. Backers in the round that also expanded its credit facility included Exigent Capital and Mainline Investment Partners.

10. Buildium raises $65M Private Equity round
The Boston, Massachusetts-based property management software company raised from K1 Capital and Sumeru Equity Partners.
Most Popular Search

This week's top query in our database:
Internet software and services exits
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