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New York investment growth. Alibaba expands. Minecraft stereotypes.
CB Insights celebration

Hi there,

Happy Friday.

As is customary, we wanted to congratulate Dow Jones for confirming our Q1 2016 VC data and trends just a couple of days after us. We remain in awe.

Deadlines

Today is the last day for private company presentation slots for the Future of Fintech Conference.  

And you only have 2 days left to vote in the Series A VC bracket.

Does Sequoia beat Google Ventures? How about Union Square Ventures against Foundry Group?

The fate of venture capital rests in your hands. Vote now.



Things that make you go hmmmm

"Luck is not something you mention in the presence of self-made men."
E.B. White

Darn
that's a good quote.

From this great article in The Atlantic.



And why do so few folks think the world is getting better?

China at the top, Indonesia and Saudi Arabia at the top. Mama say wha?

Enjoy the weekend.

Love you,
Anand
@asanwal

P.S. Our 100+ page Venture Pulse Report with KPMG came out earlier this week. Everything about global VC data in one place.


The Week In Data

  • 8%: In Q1 2016, global funding to VC-backed companies fell 8% vs the previous quarter, dropping from $27.7B to $25.5B. Deals also suffered with a 4% drop. The declines were driven by a big slump in Asia. 
     
  • $2.6B: New York bucked the global slump in VC, seeing an increase in deals and funding to VC-backed companies in Q1’16. The state saw $2.6B in funding and 149 deals in the quarter compared to 135 and $1.5B in Q4’15. Other than New York (among major US and global markets), only Canada and Texas saw both funding and deals grow. 


     
  • 1976: In 1976, Ronald Wayne sold his 10% stake in Apple for $800. Currently, it is worth $58,065,210,000.
     
  • 21: There have been 21 major acquisitions in artificial intelligence since 2013, according to research we published this week. Corporate giants including Google, Amazon, Apple, and a number of others continue to compete in the AI tech space.
     
  • 68,000: GoNoodle, a company that produces online videos and games that help teachers motivate students to exercise, is one of the high-momentum companies to watch at the upcoming ASU GSV Ed Tech Summit. GoNoodle claims to be utilized in over 68,000 schools with over 10 million users.
     
  • $1.5B: This week, Alibaba Group acquired a majority stake in Lazada, the Thailand-based e-commerce retailer, which operates in 6 countries. Alibaba completed the $1B deal through a direct investment and a secondary market deal, which valued Lazada at $1.5B.  
     
  • 900M: Facebook held its developer conference this week and announced that Facebook Messenger had hit 900 million users. The company launched an API so that businesses could program chat bots and applications such as “conversational shopping.” 
     
  • 8: Just this week, 8 companies announced they had shut down, including Dinner LabBackplaneCoinWallet, and family-focused ride-sharing startup Shuddleaccording to CB Insights data. See our list of startup postmortems for the reasons startups fail. 
     
  • ~700: Affirm, Max Levchin’s startup that provides instant financing to consumers at point-of-sale, raised a $100M round this week from investors including Lightspeed Venture Partners and Khosla Ventures. Affirm has over 700 merchants on its platform, including e-commerce mattress company, Casper
     
  • 2023: Kara Swisher, well-known Silicon Valley reporter and co-founder of tech news site Re/Code, says she plans to run for San Francisco mayor that year, in part to address the increasingly bitter divide between the tech sector and the rest of the city. Some of her colleagues are already making campaign posters.


     
  • $250M: GGV Capital announced this week that it had raised a total of $1.2B across four funds, including a $250M fund focused solely on China-based early-stage startups. GGV’s raise follows on the heels of a flurry of mega-funds raised from LPs in Q1’16, with $1B+ raises announced by a host of firms including Founders Fund, Norwest Venture Partners, Accel Partners, and Lightspeed Venture Partners. 
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. EverQuote+310
EverQuote, formerly AdHarmonics, operates an online auto insurance marketplace in the U.S.


2. Bombfell+250
Bombfell, formerly AlleyOop Labs, is a monthly subscription for men's clothing.


3. Linqia+220
Linqia is a technology company that connects interest communities with brands through a pay-per-performance model.


4. Altiscale+200
Altiscale offers a cloud service purpose-built to run Apache Hadoop. Investors include Accel Partners and AME Cloud Ventures.
 
5. Sharethrough+180 
Sharethrough, formerly 750 Industires, is a provider of native video advertising technology solutions for brands and publishers

6. Ovuline+170
Boston-based Ovuline is a health IT company that uses clinically proven guidelines and machine learning to help couples have children.

7. Malauzai Software+160 
Malauzai Software provides smart apps for users to access banking and customer service features from portable devices such as smart phones and tablets.


8. etouches+140 
Etouches is a global on-demand suite of integrated software applications that help organizations complete the event planning lifecycle.


9. AppDirect,  +130 
AppDirect, formerly Origo Networks, is a cloud service commerce provider making software and products accessible globally.

10. Exosite+120

Exosite enables durable goods manufacturers in consumer, commercial, and industrial segments to build and deploy IoT solutions.

 
The Week's Top Deals
We tracked over 568 deals totaling nearly $7B in the last week. Here's the top 10. Run this search on CB Insights to see them all.
 
1. Lazada gets majority investment from Alibaba
Amid rumors of running out of cash, the e-commerce company sold a majority share to Alibaba group for $500M, which also bought existing shares from Rocket Internet, Tesco, and Kinnevik. 


2. Ucar Group raises $569M Series C round
The China-based ride-hailing app raised from Yunfeng Capital and Yunling VC at a $4.18B valuation.

3. Sanmar Chemicals Group raises $300M round
The India-based petrochemical company raised from Fair Fax India Holdings.

4. Mofang Gongyu raises $300M Series C round
The China-based apartment developer raised from Aviation Industry Corporation of China, and Warburg Pincus. It currently has operations in 15 major Chinese cities with over 22,000 apartments in its inventory.

5. Phoenix Natural Resources raises $250M round
The newly-formed oil and gas company announced a commitment from Kayne Anderson Capital Advisors.

6. iCarbonX raises $154M Series A round
The China-based company is developing an AI platform for medical research, preventive care, and precision nutrition. Financed by Tencent and Vcanbio, the deal puts iCarbonX at a $1B valuation after only six months from being founded, making it among the fastest to reach unicorn status ever.

7. Tokopedia raises $147M Series E round
The Indonesia-based e-commerce marketplace has raised a total funding of $247M.

8. Huoli raises $144M Series C round
The China-based flight booking and travel app raised from Beijing Civil Aviation Heyuan Investment Center, Caissa Shijia Asset Management, Civil Aviation Equity Investment Fund, Dapeng Air Service, HNA Group, and Matrix Partners China.

9. Getui raises $108M Series C round
The China-based company provides app services for push notifications. Getui raised from China Minsheng Banking Corp., Haitong Securities Co., SAIF Partners, and WI Harper Group.

10. Affirm raises $100M Series C round
The online lending service raised from Andreessen Horowitz, Founders Fund, Jefferies & Company, Khosla Ventures, Lightspeed Venture Partners, and Spark Capital. The deal put Affirm at a $700M pre-money valuation.
Most Popular Search

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