A new report from company builder and venture group Team8 shows it’s a good time for fintechs to pursue unicorn status, provided they do the groundwork.
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Fintech Global provides the top ten deals for the quarter; financing from the top ten deals was $658 million and accounted for 84% of the sector's total financing; Chinese P2P lender Tuandaiwang was the quarter's financing leader obtaining $262.6 million and was the only Asian fintech company in the top ten; Europe reported the majority of top ten financings with five funding deals. Source
CB Insights reports on first quarter 2017 venture capital deals in their "MoneyTree Report" published in collaboration with PwC; globally, venture capitalists invested $27.1 billion in the first quarter with 2,228 deals; deals and investments increased from the fourth quarter of 2016 and were below the first quarter of 2016. Source
Dow Jones Venturesource has released its first quarter Europe Venture Capital Report; venture capital funding for the quarter was EUR2.23 billion ($2.42 billion); Atomico's Atomico Ventures IV Fund led fundraising with EUR723.30 million ($786.02 million) representing 32% of total fundraising for the quarter; business and financial services was the top funding sector with EUR877.92 million ($954.05 million) across 163 transactions; Funding Circle reported one of the top five deals in the first quarter with its funding round of EUR94.43 million ($102.62 million); by geography, the UK led fundraising with EUR970.28 million ($1.05 billion) from 150 deals and France was second with EUR398.02 million ($432.53 million) from 78 deals; the full report is available here. Source
CB Insights reports on the venture capital industries top investors in unicorn exits; Sequoia Capital ranks first on the list of investors investing in unicorn startups with private market exits during 2009 to March 2017; Sequoia Capital has invested in 18 companies with unicorn exits including fintech company Square Capital. Source