• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • Science
  • World
  • Tech

More Than $975 Million Raised by 15 Alums in Q2 2020

June 30, 2020

Laura González-Estéfani, Founder & CEO of The Venture City — From Miami to the World!

January 15, 2021

Looking for a fintech co-founder

January 15, 2021

What do you think is the better product/platform for the younger to build credit with?

January 15, 2021

Fintech professionals communication channels

January 15, 2021

Goldman Sachs Taps Marqeta to Power Checking Accounts for Marcus

January 15, 2021

Neobank News: Upgrade Checks In; Revolut in the UK; Koho Hires New CTO

January 15, 2021

Instant funding – Europe

January 14, 2021

Plaid CEO touts new ‘clarity’ after failed Visa acquisition

January 14, 2021

How Businesses Can Leverage Resilience to Thrive in the COVID-19 Era

January 14, 2021

5 Questions with Citi Ventures’ Managing Director

January 14, 2021

Enough!

January 14, 2021

X1 Card raises $12 million for its credit card with limits based on your income

January 14, 2021
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, January 15, 2021
  • Login
Crowdfund Press
  • Home
  • News
    • All
    • Business
    • Politics
    • Science
    • World

    Meet the woman who’s making consumer boycotts great again

    New campaign wants you to raise funds for abuse victims by ditching the razor

    Twitter tweaks video again, adding view counts for some users

    A beginner’s guide to the legendary Tim Tam biscuit, now available in America

    India is bringing free Wi-Fi to more than 1,000 villages this year

    Betterment moves beyond robo-advising with human financial planners

    Magical fish basically has the power to conjure its own Patronus

    This Filipino guy channels his inner Miss Universe by strutting in six-inch heels and speedos

    Oil spill off India’s southern coast leaves fisherman stranded, marine life impacted

    You can now play Bill Gates’ first PC game and run over donkeys on your iPhone, Apple Watch

    Trending Tags

    • Donald Trump
    • Future of News
    • Climate Change
    • Market Stories
    • Election Results
    • Flat Earth
  • Tech
    • All
    • Apps
    • Fintech
    • Mobile
    • Startup

    Laura González-Estéfani, Founder & CEO of The Venture City — From Miami to the World!

    Looking for a fintech co-founder

    What do you think is the better product/platform for the younger to build credit with?

    Fintech professionals communication channels

    Goldman Sachs Taps Marqeta to Power Checking Accounts for Marcus

    Neobank News: Upgrade Checks In; Revolut in the UK; Koho Hires New CTO

    Instant funding – Europe

    Plaid CEO touts new ‘clarity’ after failed Visa acquisition

    How Businesses Can Leverage Resilience to Thrive in the COVID-19 Era

    5 Questions with Citi Ventures’ Managing Director

    Trending Tags

    • Flat Earth
    • Sillicon Valley
    • Mr. Robot
    • MotoGP 2017
    • Golden Globes
    • Future of News
No Result
View All Result
Crowdfund.press
No Result
View All Result
Home Tech Fintech

More Than $975 Million Raised by 15 Alums in Q2 2020

by cfpadmin72
June 30, 2020
in Fintech
0
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Finovate alums raised more than $975 million in equity funding in the second quarter of 2020. The sum represents investments received by 15 companies that have demonstrated their technologies at our conferences, and includes three fundings in which the amount of the investment was not disclosed.

This year’s total is a retreat from the past two years’ totals, both in terms of amount raised and the number of alums reporting equity funding. In some respects, Q2 2020’s fundraising total “fills the gap” from the big jump in funding from Q2 2017 to Q2 2018.

Previous Quarterly Comparisons

  • Q2 2019: More than $1.8 billion raised by 29 alums
  • Q2 2018: More than $1.5 billion raised by 25 alums
  • Q2 2017: More than $726 million raised by 25 alums
  • Q2 2016: More than $510 million raised by 23 alums

While total investment for Q2 2020 was lower than it was in the previous year’s Q2s, it is notable that seven of the top ten fundings were investments between $150 million and $100 million. In many instances, one sizable investment will be responsible for a significant amount of a quarter’s investment total. Consider the boost Sofi’s $500 million funding provided in Q2 2019. The large sum sent that quarter’s total soaring to a new record Q2 high. By comparison, this year’s high number of low, nine-figure fundings comes across as a welcome shift in the distribution of VC wealth.

Top Ten Equity Investments for Q2 2020

  • EVO Payments: $150 million
  • Marqeta: $150 million
  • BioCatch: $145 million
  • AvidXchange: $128 million
  • Stash: $112 million
  • Onfido: $100 million
  • Payfone: $100 million
  • Featurespace: $37.4 million
  • M1 Finance: $33 million
  • Meniga: $9.4 million

It must be noted that, while venture capital investment has slowed somewhat in response to the COVID-19 crisis, merger and acquisition activity has been robust, relatively speaking. Among our alums alone, Q2 saw two major fintech acquisitions: Mastercard’s purchase of Finicity – valued as high as 1 $billion – and Personal Capital’s just-announced $825 million acquisition by Empower Retirement.

Here is our detailed alum funding report for Q2 2020.

April 2020: More than $638 million raised by six alums

May 2020: More than $187 million raised by three alums

June 2020: More than $150 million raised by six alums


If you are a Finovate alum that raised money in the second quarter of 2020, 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 Reynaldo #brigworkz Brigantty from Pexels

Share196Tweet123Share49
cfpadmin72

cfpadmin72

  • Trending
  • Comments
  • Latest

Fintech Data Aggregators 2020 (Plaid, Yodlee, Finicity, MX)

July 13, 2020

Colombian Fintech Startups Dominate Accelerator’s Incoming Class

August 1, 2020

PaymentCloud Goes Contactless with Paysley Acquisition

October 22, 2020

Hello world!

1

Laura González-Estéfani, Founder & CEO of The Venture City — From Miami to the World!

0

Watch Justin Timberlake’s ‘Cry Me a River’ Come to Life in Mesmerizing Dance

0

Laura González-Estéfani, Founder & CEO of The Venture City — From Miami to the World!

January 15, 2021

Looking for a fintech co-founder

January 15, 2021

What do you think is the better product/platform for the younger to build credit with?

January 15, 2021

About Us

Crowdfund.press

Crowdfund.press provides the latest news in crowdfunding in the business world. We focus on areas of equity, real estate, business, technology, and related news.

Quick Links

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

Our Sites

US
UK
India

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Copyright © 2020 Crowdfund.press™ | A Haakeng Solutions, LLC division | All Rights Reserved

No Result
View All Result
  • Home
  • News
    • Politics
    • Business
    • World
    • Science
  • Tech
    • Apps
    • Mobile
    • Startup

Copyright © 2020 Crowdfund.press™ | A Haakeng Solutions, LLC division | All Rights Reserved

Welcome Back!

Sign In with Facebook
OR

Login to your account below

Forgotten Password?

Create New Account!

Sign Up with Facebook
OR

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In