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Latin America's big deal. Middle East unicorn. HelloFresh's downround.
Hola,
 
In the United States, Steve Case formerly of AOL has championed the concept of the "rise of the rest," or the emergence of tech and VC centers outside of coastal hubs.

A similar phenomenon is happening globally. Together, the non-usual suspects Latin America, Africa, and Oceania (including Australia & New Zealand) are seeing a record number of deals to startups. 

This year saw close to 300 deals to VC-backed companies in those 3 oft-overlooked regions, and some $1.3B invested, the third year in a row of $1B+ in funding.



Of the total 1,063 cumulative deals above to these 3 areas since 2009, Latin America took about half or 47%.


Latin America actually saw a big deal this week, when Singapore's sovereign wealth fund Temasek as well as Qualcomm Ventures participated in a $16M round to an Argentine on-demand home improvement startup IguanaFix (see This Week In Data below). 

Note: This should not be read as one of those asinine the "next Silicon Valley is X" stories. Each of these markets will play the startup game their own way and at their own scale. But we have been seeing VC deals dip into these geos more, along with big exits like Atlassian's $1.1B IPO. So expect more unicorns to emerge in places like São Paulo, Nairobi, and Sydney. 


 
Have a great holiday weekend. 
 
Marcelo
@ballve

P.S. On Monday January 9, I'll be hosting a webinar on digital media startups. Join me for the scoop on startups to watch and emerging biz models.

P.P.S. Got corporate budget burning a hole in your pocket? It might be time for CB Insights. Get access to the smartest team and data on the planet. Also, prices climb on Dec 27th as you'll see here.


This week in data:
  • 4: The number private companies that reached unicorn status this week, the highest total in a 7-day period since late last year. The companies that gained $1B+ valuations include Careem Networks, a Middle East ride-sharing company and Huochebang, an online truck logistics platform. Check out our unicorn tracker to see the 181 other still-private companies in the unicorn club.
     
  • 3: The number of private companies in Utah that are valued at $1B+ including Domo, Qualtrics, and InsideSales. After California, New York and Massachusetts have the second and third highest number of unicorns, but Utah surprisingly is ahead of states more commonly associated with tech like Washington and Texas. In total, there are 98 private companies valued at $1B+ located within the United States.


     
  • 369: The number of companies selected for our 2017 Tech IPO Pipeline report on the top, high-momentum companies in the sector. Among these, we expect a few to IPO next year. There were only 14 tech IPOs in 2016 and the report explains why we expect more next year.
     
  • -28%: Rocket Internet's food delivery startup HelloFresh raised an $88M Series G round from investors including Baillie Gifford & Co. That brings the Rocket Internet company’s valuation down from $2.9B to $2.09B. This downround follows Rocket Internet's move to lower the valuation of its online furniture business Home24 and its online shopping business, Global Fashion Group (the latter is also the largest downround from a private valuation since the start of 2015).
     
  • $4.44: Speaking of down rounds, this week Bloomberg wrote on TaskRabbit's struggles, including an unreported July 2015 downround, tracked down with the help of CB Insights' valuation and filings data. The story, “TaskRabbit’s Stalled Revolution,” details how the share price in that round (it was $4.44) was a third of the value of the previous price, which was $15.19.
     
  •  $16M: IguanaFix, on-demand home improvement service based in Argentina, raised $16M in a Series B round backed by investors including Endeavor Global, Qualcomm Ventures and Temasek Holdings. While Qualcomm has invested often in South America, this is only Temasek’s third such investment since 2007 and its first since 2014. Earlier this year, Andreessen Horowitz also made its first investment in Latin America — Colombian instant delivery company Rappi
     
  • $360M: Alibaba and Tencent were among the investors putting $360M into Bona Film Group, a China-based film production and distribution company, at a valuation of $2.15B. After listing on the NASDAQ in 2010, the company was taken private earlier this year. Alibaba Pictures Group and Tencent, along with Sequoia Capital, were among the investors in the take-private transaction.


     
  • 20 million: Baidu-owned Chinese video streaming site iQiyi is planning an IPO in either the US or Hong Kong next year, the WSJ reported. The site claimed 20 million paid subscribers as of June 2016, and has been valued by Chinese media as high as $5.8B. iQiyi was acquired by Baidu in November 2012.
     
  • 200: Snap Labs, the secretive group overseeing the development of Snapchat’s Spectacles camera sunglasses, set a goal earlier this year of hiring 200 employees in 60 days, according to a Business Insider report this week. Besides doubling down on wearables, the company is also interested in AR/VR. We recently dug into Snap’s patent filings.
     
  • 73 years: 73 years after its accidental invention during World War II, someone has discovered a possible application for Silly Putty (other than as a children’s toy). So researchers tried adding graphene to Silly Putty. Graphene is a super thin material that researchers had also struggled to find a use for. The resulting material allows for the manufacture of sensors so sensitive that they can “detect the footsteps of spiders” and might be used to improve heart monitor tech.
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