Finovate/FinDEVr alums raised more than $700 million in the fourth quarter of 2016. Total fourth quarter investment in Q4 2016 was more than double last year’s Q4 total, and represented a gain of more than 40% over the previous quarter’s total.
Previous Quarterly Comparisons
- Q4 2016: More than $700 million raised by 26 alums
- Q4 2015: More than $302 million raised by 28 alums
- Q4 2014: More than $1.4 billion raised by 26 alums
- Q4 2013: More than $294 million raised by 17 alums
The biggest equity deal of the final quarter of 2016 was $180 million raised by Payoneer in October. Also worthy of note was the $115 million raised by PaySimple, and the $80 million raised by NuBank. For the fourth quarter of 2016, the top 10 overall investments totaled $593 million or more than 84% of the total alum funding for the quarter.
Top 10 Overall Investments (equity only)
- Payoneer: $180 million
- PaySimple: $115 million
- NuBank: $80 million
- BlueVine: $49 million
- Finicity: $42 million
- Nutmeg: $37 million
- Quantopian: $25 million
- Personal Capital: $25 million
- Lendio: $20 million
- SecureKey: $20 million
These Q4 numbers for Finovate/FinDEVr alums suggests that the pace of investment in fintech innovation remains robust. With a $700 million Q4, the total investment in our alums for 2016 is more than $2.3 billion. This compares to a $3 billion 2015, a $2.2 billion 2014, and a $825 million 2013.
Here is our detailed alum funding report for Q4 2016.
October 2016: More than $371 million raised by eight alums
- Aire: $2 million – post
- DeMystData: $7 million – post
- FinanceIt: $17 million – post
- Lendio: $20 million – post
- Nanopay: $10 million – post
- Payoneer: $180 million – post
- PaySimple: $115 million – post
- SecureKey: $20 million – post
November 2016: More than $97 million raised by eight alums
- Finagraph: $5 million – post
- figo: $7 million – post
- Five Degrees: $10 million – post
- Nutmeg: $37 million – post
- P2Binvestor: $7. 7 million – post
- Sezzle: $1.85 million – post
- TrueLink Financial: $3.6 million – post
- Quantopian: $25 million – post
December 2016: More than $235 million raised by eleven alums
- BlueVine: $49 million – post
- Finicity: $42 million – post
- Hip Pocket: $150,000 – post
- Kreditech: $10.4 million – post
- NuBank: $80 million – post
- Nutmeg: $14.6 million – post
- Personal Capital: $25 million – post
- Socure: $13 million – post
- Tradeshift: undisclosed – post
- Walletron: undisclosed – post
- Zighra: $1 million – post
If you are a Finovate alum that raised money in the second quarter of 2016, and do not see your company listed, please drop us a note at research@finovate.com. We would love to share the good news! Funding received prior to becoming an alum not included.