Finovate alums notched their biggest fourth quarter fundraising since 2014, securing $1.2 billion in equity investment. The strong Q4 gives Finovate alums a 2021 fundraising total of $8.4 billion, more than double the capital raised in any previous year.
Previous Annual Comparisons
- 2020: $3.9 billion
- 2019: $3.0 billion
- 2018: $4.0 billion
- 2017: $2.7 billion
- 2016: $2.3 billion (Q1, Q2, Q3, Q4)
2021’s fundraising strength comes courtesy of $3.3 billion raised in Q1, $2.8 billion raised in Q2, and $1.1 billion raised in Q3. Fundraising in this year’s fourth quarter is also significantly higher than that raised in previous Q4s, and by a significant margin. The fact that Q4’s sizable fundraising totals came as a result of investments in only six alumni makes the current quarter’s accomplishment all the more remarkable.
Previous Quarterly Comparisons
- Q4 2020: More than $472 million raised by 17 alums
- Q4 2019: More than $876 million raised by 21 alums
- Q4 2018: More than $800 million raised by 19 alums
- Q4 2017: More than $730 million raised by 23 alums
- Q4 2016: More than $700 million raised by 26 alums
Four of this quarter’s fundings were at or above the $200 million mark. This marks a first for Finovate alums. The biggest investment received in Q4 of 2021 was the $450 million secured by Socure, a fundraising total that has never been met by a Finovate alum in the final quarter of the year.
Top Quarterly Equity Investments
- Socure: $450 million
- Zopa: $304 million
- Mambu: $266 million
- Thought Machine: $200 million
Here is our detailed alum funding report for Q4 2021.
October 2021: More than $329 million raised by two alums
November 2021: More than $650 million raised by two alums
- Socure: $450 million – post
- Thought Machine: $200 million – post
December 2021: More than $266 million raised by two alums
- Tradeshift: debt and equity – post
- Mambu: $266 million – post
If you are a Finovate alum that raised money in the fourth quarter of 2021, 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.
Photo by Karolina Grabowska from Pexels