Marcelo here again, filling in for Anand.
Chinese bets on US tech
We dug into the activity of China-based investors and found they backed a record number of deals to US-based tech companies last year. Among their targets were Lyft, Snapchat, Yik Yak, and others.
Chinese internet giants like Alibaba Group, Tencent, and Renren Lianhe Holdings have been among the most active in deals, even as the overall trend slowed down in 2016 year-to-date.
This is part of the ongoing globalization of US VC investing. International firms accounted for over a quarter of VCs investing in US companies in the last quarter, according to our Q1'16 Venture Pulse report (that's up from just 18% in Q2'15).
We looked at funding trends to startups working on used car marketplaces, a hot space. The used car e-commerce space has caught the attention of prominent investors including Sequoia Capital, KKR, Tiger Global Management, Digital Sky Technologies, and Baidu.
Never heard of it
Only 15% of Americans have ever used a ride-hailing app, per new Pew data. One-third of them don't even know what that is.
We identify 11 startups working to help the elderly, attacking spaces ranging from home care, to monitoring systems, to social networks designed for the elderly.
The Industry Standard
CB Insights data is the most trusted by those in the industry and the media. A few recent hits.
Bloomberg. Japan’s big gaming companies are joining the rush to invest in VR startups. Pavel Alpeyev (@pashakun), Yuji Nakamura (@ynakamura56), and Takashi Amano (@Takashi_Amano) cite CB Insights funding data showing we’ve already surpassed 2015’s funding total.
St. Louis Business Journal. A St. Louis startup is on the receiving end of some of the increasing funding to blockchain. Brian Feldt’s (@stlbizbfeldt) report refers to CB Insights trend data.
San Francisco Chronicle. Thomas Lee’s (@ByTomLee) wide-ranging interview with venture capitalist Tim Draper refers to the CB Insights Tech IPO Pipeline report.
Geektime. Gedalyah Reback (@gedalyahreback) takes a look at the funding environment for insurance tech companies, citing CB Insights research on the industry.
Have a great rest of the week.
P.S. The Future of FinTech Conference is sold out. We'll be streaming all of the keynotes, panels, and interviews. Sign up for the virtual event.
Google announced major forays into the VR space at the Google I/O space, which wrapped up today. As we mentioned in the Bloomberg story above, Japan's gaming giants are also rushing in. We recently updated our trends on funding to the space. See the data.