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Inside Venture Capital

Inside Venture Capital (Jan 4th, 2018)

--VC Reads--

-- What Is Going To Happen In 2018:  Fred Wilson of Union Square Ventures (Twitter, Tumblr) writes: ‘I really have no idea what is going to happen in 2018.’

-- Trends from 2017, Predictions for 2018: Angel investor Thomas McInerney (Uber) chimes in, having been inspired by Fred Wilson.

-- 18 Predictions for 2018: Azeem Azhar, curator of the Exponential View, discusses areas of interest for the coming year.

-- Why One of NYC's Top Venture Capitalists Thinks U.S Investors Are 'Too Conservative': Fortune interviews Eric Hippeau, managing partner of the half-eponymous Lerer Hippeau Ventures.

-- “OH MY GOD, THIS IS SO F---ED UP”: INSIDE SILICON VALLEY’S SECRETIVE, ORGIASTIC DARK SIDE: Vanity publishes an adaptation of Emily Chang’s Brotopia.

-- The US Government blocks MoneyGram’s $1.2B sale to Alibaba’s Ant Financial: TechCrunch reports that Jack Ma’s company promptly dropped the bid.

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--Biotech/Health--

-- BioNTech (Germany), personalized cancer therapies: $270M A led by Struengmanns, participation from Redmile, Janus Henderson Investors, Invus, Fidelity, et al.

-- Sansure (Changsha, China), molecular diagnosis and genetic testing: $77M led by Lilly Asia, Highlight, participation from Junhe.

-- Centrexion (Boston, MA), non-opioid, non-steroidal therapeutics for chronic pain: $67M D led by NEA, participation from Quan, ArrowMark, Clough, InterWest, 6 Dimensions, Efung.

-- DNAnexus (Mountain View, CA), biomedical informatics and data management: $58M led by Foresite Capital, participation from Microsoft, GV, TPG Biotech, WuXi NextCODE, Claremont Creek, MidCap.

-- Expansion (Jupiter, FL), RNA-targeted small molecule medicines: $55.3M A led by 5AM Ventures, Kleiner Perkins Caufield Byers, Novartis Venture Fund, Sanofi Ventures, participation from RA Capital, Alexandria.

-- Pear Therapeutics (San Francisco, CA), prescription digital therapeutics platform: $50M B led by Temasek, participation from 5AM, Arboretum, JAZZ, Novartis, EDBI, Bridge Builder’s Collaborative.

-- Scholar Rock (Cambridge, MA), drugs that selectively modulate growth factor activation: $47M C led by Invus, participation from Redmile, Polaris, Timothy Springer, ARCH, EcoR1, The Kraft Group, Fidelity, Cormorant.

-- Aegea Medical (Redwood City, CA), therapeutics focused on women's health: $40M led by Perceptive Advisors, participation from Alloy, Delphi, Medtronic, BioMed, Solas.

-- Quartet (New York, NY), collaborative platform between physical/mental care providers: $40M C led by F-Prime Capital Partners, Polaris Partners, participation from GV, Oak HC/FT.

-- Elstar (Cambridge, MA), cancer immunotherapy: $39M A from Apple Tree Partners.

-- CMAB Biopharma (Suzhou, China), development and manufacturing services for biologic products: $38M A led by C-Bridge Capital, BioBAY, participation from I-Bridge, Qianhai FoF.

-- Miracor (Awans, Belgium), therapies for acute myocardial infarct: $30M D led by Ming Capital, participation from SFPI, SRIW, Meusinvest/ Earlybird, Delta, SHS, Biomed, Peppermint.

-- Invicta Medical (Palo Alto, CA), treatments for sleep apnea: $21M from undisclosed sources.

-- Oculis (Switzerland), experimental eye drops: $20M from undisclosed sources.

-- Laviana (China), pharmaceutical manufacturing outsourcing services: $15M B led by Huayi Capital, participation from Lyfe, ABC, Crystal.

-- Conventus (Maple Grove, MN), nitinol technology for treatment of periarticular fractures: $12M loan from Horizon Technology.

--Enterprise--

-- Snowflake Computing (San Mateo, CA), cloud data-warehouse: $270M E from Iconiq Capital, Madrona Venture Group. Valued the company at $1.5B.

-- XpressBees (Pune, India), ecommerce logistics: $100M from Alibaba.

-- Fuyoukache (China), truck logistics: $23M led by JD Logistics, participation from Legend, Eastern Bell, Global Logistics.

-- Startup Health (New York, NY), marketplace traction for biotech startups: $19.3M from Ping An Global Voyager, GuideWell, Masimo, et al.

-- IntelePeer Cloud (San Mateo, CA), business communications and voice services: $15M loan from Horizon Technology.

-- NGCodec (Sunnyvale, CA), cloud streaming platform for standard and VR use: $8M A from Belmore, Xilinx, National Science Foundation.

--Industrial--

-- Huaqin Telecom (Shanghai, China), global smartphone and tablet original design manufacturer: $136M A led by Intel Capital, Hua Capital, participation from Tsinghua Sinoking, SummitView, Walden, Northern Light, Wise Road.

-- Bolt Threads (Emeryville, CA), makes spider silk using microbugs: $123M D led by Baillie Gifford, participation from Formation 8, Founders Fund, Fidelity, Temasek, Allen & Company.

--Cleantech--

-- WISErg (Redmond, WA), conversion of food scraps to fertilizer: $192M led by Laird Norton, participation from Second Avenue.

--Fintech--

-- Hive Blockchain (Vancouver, Canada), digital currency mining facilities: $91.8M led by GMP Securities L.P, Eventus Capital, participation from Haywood, PI Financial.

-- Ess Kay Fincorp (Jaipur, India), funding for rural customers to buy used vehicles/run SMEs: $32M from Norwest.

-- Zlien (New Orleans, LA), construction payment ecosystem: $10M B led by S3 Ventures, participation from Altos, Brick & Mortar, et al.

--Consumer Internet--

-- Guomai Media (China), multi-media cultural products for emerging middle class: $45.7M B & C led by IDG Capital, Bona Film, participation from Aqua, HG, Matrix.

-- Mogoroom (Shanghai, China), apartment rental O2O for young professionals: $30M C+ led by IDG Capital, Bona Film, participation from Aqua, HG, Matrix.

-- TOGO (Beijing, China), on-demand car rental company: $26M B+ led by Crescent HydePark, participation from SIG, Zhen.

-- Lovepop (Boston, MA), creativity platform to design greeting cards: $12.5M A led by Highland Capital Partners, participation from Accomplice, Niraj Shah, Wayne Chang, Jason Robins, Bob White.

--Cybersecurity--

-- AlgoSec (Israel), firewall policy management: $36M from Claridge.

-- AISEC (Tencent), network security: $15M from Tencent.

--Dev--

-- Lizhi. FM (China), mobile app dev platform/podcast hosting: $50M D from Orchid Asia.

--Adtech/Martech--

-- Rubikloud (Toronto, Canada), mass promotional and loyalty driven marketing automation: $37M B led by Intel Capital, participation from iNovia, OTEAF, Horizons, Access Industries.

--Edtech--

-- Shanghai Edutech (Shanghai, China), smart school systems: $15M B led by Intel Capital, participation from iNovia, OTEAF, Horizons, Access Industries.

--Foodtech--

-- Muscle Food (UK), lean meats and high-protein sports supplements for fitness purposes delivered to consumers: $13.5M from BGF. To launch products in UK supermarkets.

--Data/Analytics--

-- Stardog (Arlington, VA), knowledge graph platform for enterprise: $9M A led by Tenfore Holdings, participation from Grotech, Core, Boulder.

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Funding in this category has been haphazard but clearly increased in volume (across all categories) beginning somewhere in 2012. 
Content for premium users only
The number of rounds shot up between Q1'12 and Q1'13, after which it steadily fell to just above 2011-levels. The average round shows n
Content for premium users only
Angel/seed rounds for this category become prevalent in late-2012, while series A/B and late-stage rounds seem to have maintained relat
Content for premium users only

--Funding Breakdown--

--Biotech/Health--

16 Deals: $879,300,000

--Enterprise--

6 Deals: $435,500,000

--Industrial--

2 Deals: $259,000,000

--Cleantech--

1 Deal: $192,000,000

--Fintech--

3 Deals: $133,800,000

--Consumer Internet--

4 Deals: $114,200,000

--Cybersecurity--

2 Deals: $51,000,000

--Dev--

1 Deal: $50,000,000

--Adtech/Martech--

1 Deal $37,000,000

--Edtech--

1 Deal: $15,000,000

--Foodtech--

1 Deal: $13,500,000

--Data/Analytics--

1 Deal: $9,000,000

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