2019 VC spending might eclipse 2018 report – TechCrunch

Hello and welcome again to Startups Weekly, a weekend e-newsletter that dives into the week’s noteworthy startups & enterprise capital information. Before I soar into right now’s matter, let’s catch up a bit. Last week, I struggled to grasp WeWork’s progress trajectory. Before that, I famous some ideas on scooter firms’ wrestle to lift new money.

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What’s on my thoughts this week? Data. Now that it’s July, I figured it was time for a VC funding knowledge check-in. How a lot have VCs invested up to now this yr? Are they lastly investing extra in feminine founders? I’ve obtained solutions. (Data supply: PitchBook)

• So far in 2019, VCs have invested $62 billion in U.S. startups. This places traders on tempo to dole out greater than $120 billion this yr, surpassing final yr’s all-time excessive of $117 billion.
• Around the world, VCs have invested a complete of $104 billion in 2019. Last yr, funding soared to $251 billion. We’re unlikely to look at a worldwide report of VC funding this yr.
• Here’s the most effective information of all: Companies based solely by girls have secured a report 3% of the overall capital invested in VC-backed startups within the U.S. this yr: “Capital invested crossed the $1 billion mark for female-founded startups in 1Q 2019—the highest ever for any quarter to date. And out of roughly 300 VC deals for companies led solely by women, four of those businesses have reached unicorn status so far this year. That number includes online luxury reseller The RealReal, which debuted on the NASDAQ in a high-profile exit last month,” – PitchBook.
  

Startup Capital:

Pod Foods will get VC backing to reinvent grocery distribution
DotLab will get $10M to deliver endometriosis check to market 
Waresix hauls in $14.5M to digitize logistics in Indonesia 
Calm will get $27M for its meditation app
Mobi nabs $50M for its new broadcast service

Long Reads:

There have been so many deep dives this week on TechCrunch starting from Jony Ive’s affect on Apple written by TechCrunch editor-in-chief Matthew Panzarino, a take a look at the extraordinary backlash on Superhuman and whether or not its justified, plus my very own take a look at Fin’s pivot to enterprise analytics platform. Here are those I like to recommend clicking:

Higher Ground Labs is betting tech might help sway the 2020 elections by Jon Shieber 
Superbacklash by Matthew Panzarino 
From Seed to Series A: Scaling a startup in Latin America by Nathan Lustig
Andrew Kortina and Sam Lessin on Fin’s office pivot by Kate Clark
Apple sans Ive by Matthew Panzarino

Funds:

E.ventures, an early-stage world fund, introduced in a contemporary $400 million this week, Sony introduced a brand new $185 million fund and…

When is the best time to pitch VCs for funding?

A compelling pitch deck that shortly and clearly presents your startup as an distinctive funding alternative is a transparent edge when elevating a spherical. But may fundraising be simpler in case you knew when to ship your pitch deck – the occasions of yr when it’s extra more likely to be reviewed and when it’s more likely to be considered extra usually? If all of us had a magical algorithm that would predict precisely which traders would evaluate your deck and when, we’d be fundraising geniuses — closing our spherical sooner and with far much less effort. No such algorithm exists (no less than not but), however I can share some helpful knowledge that gives insights into a few of these seasonal fundraising tendencies, with just a few that appear to defy standard knowledge…

Extra Crunch readers can learn the remainder of Russ Heddleston’s story right here. If you’ve been not sure whether or not to enroll in TechCrunch’s superior new subscription service, now’s the time.

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