The first quarter of 2018 saw a decline in investments, given that global deal activity decreased by 4 percent. Despite the fewer deals, global investment reached $46.5 billion, invested across 2,884 deals. The data was revealed as part of a larger report titled Money Tree, put together by CB Insights and PricewaterhouseCoopers, with focus on the latest trends in venture capital funding globally.
The California-based New Enterprise Associates invested in 26 global companies in the first quarter, according to the report. New Enterprise Associates (NEA) focuses from seed stage through growth stage across a broad array of sectors.
Some the major companies invested in by NEA include Radiology Partners, Collective Health, and Tempus Labs. Radiology Partners, which is the largest physician-led and physician-owned radiology practice in the US, closed a $234 million growth equity round led by NEA. San Francisco-based workforce health management system Collective Health raised $110 million in February backed by NEA and others like Founder Fund and Maverick Ventures.
Next on the list is Sequoia Capital China, the Chinese arm of the global VC firm. Their focus is on primarily four sectors: TMT, healthcare, consumer/service, and industrial technology. The firm made 24 investments this quarter, including Easyhome, Moderna Therapeutics, and Ziroom.
In fact, Easyhome is the largest global deal made this quarter. Moderna Therapeutics is the second largest deal this quarter in the US. Ziroom, a Chinese apartment rental services firm, raised $621 million in a Series A round led by Warburg Pincus, Tencent, and Sequoia Capital China.
Ranked third is the Beijing arm of IDG Capital, with 24 deals. IDG Capital is a global venture fund headquartered in San Francisco. Some of the deals include AI voice assistant developer Rokid, the electric car company Xpeng Motors, and Club Factory. The Chinese e-commerce platform Club Factory raised $100 million in a Series C round led by IDG Capital and Bertelsmann Asia Investments (BAI).
Next on the list is the California-based early-stage venture fund and seed accelerator 500 Startups. It has invested in 23 companies, including the insurance company Kin Insurance, Indio Technologies, and SmartHR. The last is a Japanese startup and raised $13.3 million in a Series B round led by 500 startups.
Ranked fifth on the list is California-based Andreessen Horowitz, with 18 deals including Dfinity, the bike sharing company LimeBike, and broadcasting startup, Caffeine.
The report also includes the most active VCs in the US – New Enterprise Associates tops the list, followed by Google Ventures, Khosla Ventures, Andreessen Horowitz, Revolution, and Lightspeed Venture Partners.
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- Venture capital
- New Enterprise Associates
- Andreessen Horowitz
- Sequoia Capital China
- IDG Capital
- Money Tree Report