Finovate alums raised more than $800 million in the final months of 2018, taking the year’s fundraising total over the four billion mark.
This achievement represents the biggest fundraising year for Finovate alums, and serves as a testament to the enduring commitment to fintech innovation by a broadening community of investors.
Previous Annual Comparisons
- 2017: $2.7 billion raised
- 2016: $2.3 billion raised (Q1, Q2, Q3, Q4)
- 2015: $3 billion raised
- 2014: $2.2 billion raised
The fourth quarter of 2018 was also one of the biggest fourth quarters for our alums in recent years.
Previous Quarterly Comparisons
- 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
- Q4 2014: More than $1.4 billion raised by 26 alums
The quarter’s top equity investments were the $300 million raised by fintech unicorn Coinbase, and the $250 million raised by Plaid, a veteran of our developers conference, FinDEVr. In sum, the top investments of Q4 2018 represented 97% of the quarter’s known total. Note that investments for three alums (and specifically the equity portion of a fourth alum’s combined debt and equity fundraising) were undisclosed.
Top 10 Equity Investments
- Coinbase: $300 million
- Plaid: $250 million
- Pindrop: $90 million
- Quid: $37.5 million
- Zopa: $20.7 million
- Klarna: $20 million
- PayActiv: $20 million
- Thought Machine: $14.4 million
- Modo: $13 million
- Finn AI: $11 million
Here is our detailed alum funding report for Q4 2018
October 2018: More than $388 million raised by seven alums
- Coinbase: $300 million – post
- Finn AI: $11 million – post
- Klarna: $20 million – post
- PayActiv: $20 million – post
- Ondot: undisclosed – post
- Quid: $37.5 million – post
- Zenmonics: undisclosed – post
November 2018: More than $58 million raised by six alums
- Anorak: $6.5 million – post
- Meniga: $3.4 million – post
- Modo: $13 million – post
- Moneyhub: undisclosed – post
- Thought Machine: $14.4 million – post
- Zopa: $20.7 million – post
December 2018: More than $356 million raised by six alums
- FI.SPAN: $4 million – post
- ISARA: $10 million – post
- ShopKeep POS: $65 million (combined debt and equity) – post
- Switch: $2 million – post
- Pindrop: $90 million – post
- Plaid: $250 million – post
If you are a Finovate alum that raised money in the fourth quarter of 2018, 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.