Updated 12/20/2019: Finovate alums raised more than $876 million in the fourth quarter of 2019. The amount takes the total raised by Finovate alums this year to more than three billion. It is both the second year in a row our alums have topped this milestone, and the biggest Q4 fundraising for Finovate alums to date.
Previous Annual Comparisons
The fourth quarter of 2019 is also the fourth Q4 in a row in which alum funding has climbed above the $500 million mark.
Previous Quarterly Comparisons
- 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
- Q4 2015: More than $302 million raised by 28 alums
The top equity investment of the quarter was the $200 million raised by Ripple, followed by the $182 million raised by Zopa and the $102.5 million raised by BlueVine the previous month. Given the relatively small number of fundings this quarter, it is little surprise to find that our top ten equity investments for Q4 make up the vast majority of the reported spending total (note that the sums involved in two of our fourteen fourth quarter investments were undisclosed).
Top Equity Investments
- Ripple: $200 million
- Zopa: $182 million
- BlueVine: $102.5 million
- nCino: $80 million
- Spreedly: $75 million
- Passport: $65 million
- SheerID: $64 million
- Eigen Technologies: $37 million
- Aerospike: $32 million
- Kreditech: $24 million
Here is our detailed alum funding report for Q4 2019.
October 2019: More than $104 million raised by four alums
- Kreditech: $24 million – post
- nCino: $80 million – post
- OurCrowd: undisclosed – post
- Paper.id: undisclosed – post
November 2019: More than $311 raised by six alums
- Aerospike: $32 million – post
- BlueVine: $102.5 million – post
- Eigen Technologies: $37 million – post
- SheerID: $64 million – post
- Spreedly: $75 million – post
- Pinkaloo: $1.25 million – post
December 2019: More than $461 million raised by four alums
- FintechOS: $14 million – post
- Passport: $65 million – post
- Ripple: $200 million – post
- Zopa: $182 million – post
If you are a Finovate alum that raised money in the fourth quarter of 2019, 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.