Deals in the first week of February were dominated by startups focused on global marketEmmanuel Amberber
Why does February have only 28 days? It's the Romans' fault. ~ Melonyce McAfee
The shortest month of the year has started with a bang for the 20 startups that raised funding from angel investors and venture firms. About $20 million has been invested in the first week of February 2016. Majority of the deals fell in the early-stage category - 16 startups have raised pre-series A round.
January 2016 saw investments worth $493.2 million with the average ticket size decreasing from ~$7 million in January 2015 to ~$4 million. Whereas the number of startups funded increased by 101.7%.
Highlights of the funding
In the past week, the top three startups that rose funding have a strong international presence.
Pune and Singapore based, Big Data and IoT startup Altizon raised a $4 million Series A funding from Wipro Ventures and Lumis Partners. Its previous seed round in 2014 was undisclosed and was led by The Hive India.
San Francisco and Bengaluru based driving analytics startup Zendrive raised $13.5 million in funding, led by Sherpa Capital.
Pune and Dubai based Mazkara,which raised a seed round funding of $500,000 from Dubai-based angel investors in February 2015, has raised a pre-series A round of $1 million from Dunamis Ventures.
Table: Notable investments of the week
Funders raising funding
According to reports, Sequoia Capital has closed a new fund of about $920 million to invest as a risk capital into Indian companies and part of it to be invested into Southeast Asian startups.
Venture capital firm, Kae Capital, raised its second fund worth$30 million from new and existing investors. After the new fund close, early-stage investment ticket size of $500,000 will increase to $1 million.
- Just In
- mumbai angels
- Zia Mody
- Lumis Partners
- TV Mohandas Pai
- Saha Fund
- Wipro Ventures
- Blue Tokai Coffee
- Oust App
- Magic Crate
- American Vision
- Sherpa Capital
- Nyca Partners
- Thomvest Ventures
- Dunamis Ventures Pte Ltd
- Ananda Kallugadde
- Rakesh Desai
- Rakesh Malhotra