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global innovation investment report
2016 year in review

predictions for 2017 global trends sectors to watch metro highlights
Expect to see IPOs, AI, and Global investment rose Funding soared in hot Silicon Valley leads, but
shifts in seed investment in 2016, though U.S. sectors, including AI, other regions continue
lead the news in 2017. venture funding slowed Transportation, and to gain traction including
Page 3 from 2015 levels. Virtual Reality. Beijing and New York.
Page 5 Page 13 Page 28

executive summary
Globally, 2016 was a bullish year for investment in the startup ecosystem with
venture investment at its highest level in five years. However, the U.S. funding
environment slowed considerably.
The most pronounced contraction for U.S. startup investment occurred in the fourth quarter, with impact
across all stages. We are projecting that U.S. Q4 funding counts will be the lowest in more than three years
for seed and early stage investment, down more than 32% from 2015 levels. While prior quarters in 2016
had shown decreases in late stage funding, the fourth quarter also saw a steep drop in early stage and
seed deals.

The exit climate was mixed in 2016. Venture-backed IPO activity was weak overall, with U.S. technology
offerings hitting a multi-year low. That said, life sciences offerings were more numerous, and a handful of
companies in both tech and biotech did carry out large IPOs. Meanwhile M&A, which accounts for most
exits, held up at robust levels.

noteworthy 2016 trends
• Global VC Grew 19%: Total venture and seed funding for 2016 is projected to be $176 billion. This
marks the highest annual total in the past five years.

• U.S. VC investments down 11%: U.S. venture investment is projected to be $76 billion in 2016, down
from $86 billion in 2015.

• Decline in new unicorn formation: In 2015, a private unicorn was created almost every three days. No
more. Investors minted fewer than 40 companies with disclosed or reported first-time valuations of $1
billion in 2016.

• Number of U.S. seed rounds down 25%: The number of angel and seed rounds fell to its lowest point
since 2012. Early and late stage rounds also saw dropoffs of 5% and 14% respectively.

• Seed deals got larger, but became harder to raise towards the end of the year. The average
reported angel-seed investment rose 30% in 2016 to 900k, but deal volume saw a 15% drop in the final
quarter of the year.

The Global Innovation Investment Report includes six sections highlighting funding trends, notable sectors,
important startup regions, and more.

Crunchbase Global Innovation Investment Report executive summary | 1

contents
executive summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
predictions for 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3
methodology . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

section 1:
global funding and exit trends . . . . . . . . . . . . .5 global innovation
investment report
projected funding trends . . . . . . . . . . . . . . . . . . . . . . . . . . 6
2016 year in review
active investors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
median and average round size . . . . . . . . . . . . . . . . . . . . . . 8
global exits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 pr@crunchbase.com

section 2: contributors
u.s. funding and exit trends . . . . . . . . . . . . . . 10
Jager McConnell – ceo
projected funding trends . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Matt Kaufman – head of operations
median and average round size . . . . . . . . . . . . . . . . . . . . . . 12 Gené Teare – head of content
Joanna Glasner – editor
section 3: Alexandra Mack – head of marketing
notable sectors . . . . . . . . . . . . . . . . . . . . . . . 13
transportation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 analysts
artificial intelligence . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Cory Cox
augmented and virtual reality . . . . . . . . . . . . . . . . . . . . . . . . 18 Edith Ho
fintech . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Will Hughes
security . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Steven Rossi
genetics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Denise Stephan
workplace collaboration . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Bertha Te

section 4:
top metros . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
top metros . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
countries and continents . . . . . . . . . . . . . . . . . . . . . . . . . . 58

section 5:
top universities . . . . . . . . . . . . . . . . . . . . . . . 69

section 6:
female founder trends . . . . . . . . . . . . . . . . . . 70

Crunchbase data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72

table of contents | 2

Crunchbase data shows post-seed investors are already having an impact in increasing the median size of a pre-venture round. beginning with Los Angeles-based Snap Inc. to help consumers navigate an endless sea of online information. a concierge storage company. Additionally. hot private companies haven’t been under great pressure to go public. In 2017. Headout. But they also tend to offer ways to make delivering said good a more pleasant experience. this represents angel and venture investors backing startups that have raised some seed capital and demonstrated early product-market fit. Crunchbase Global Innovation Investment Report predictions | 3 . All about AI: Artificial intelligence and machine learning was a growth sector in 2016. concierge-type startups also focus on finding the best things for their users. Pinterest. they now have more capital to invest in the most compelling startups. Other tech unicorns that are generating buzz as potential 2017 IPO candidates include Spotify. we’ve identified trends such as growth in seed funding that foreshadows a future spike in Series A for startups in a particular niche. First Round. leaving room for larger follow-on rounds. Uber alone raised $3. and Slow Ventures. Examples include Envoy. a concierge service for senior care. Mining the Crunchbase dataset for signals in the aggregate data. with a growing number now topping $1 billion or more. including Bullpen Capital. Dropbox. predictions for 2017 We’re taking out our data-driven crystal balls to predict trends to watch in 2017.” These business models are based on cherry-picking the best of news. events. which has contributed to increasing the size of Series A and B rounds. as they have for many unicorns this past year. One factor driving the rise of post-seed is the super-sizing of funds operated by top-tier early and multi-stage firms. and more. companies play up their use of it. as they’ve been able to raise vast sums at high valuations from late-stage investors. A bountiful funding environment for seed-stage startups in 2014 and 2015 also means there are plenty of founders looking for their next rounds right as funding tightens. For one. we saw a healthy number of acquisitions in the space. the venture-backed 2017 IPO market is poised to outperform 2016. and sovereign wealth funds. consumer internet startups have made liberal use of the term “curated. reportedly planning an offering at a target valuation of between $20 billion and $25 billion. and even Uber. and data points toward even more investment in the space in 2017. Post-seed rises amid Series A crunch: Post-seed financing will gain additional momentum in 2017. Startups know what words and technical skillsets to highlight to draw investors’ attention. but are not ready for a full Series A. and Omni. When a technology is hot. Part of the trend is also semantic. private equity firms. Several firms with a post-seed focus closed funds in 2016. These trends create a big market opportunity for post-seed investors. If Snap’s debut goes according to plan. Company descriptions on Crunchbase also show what’s hot and what’s not. That may be difficult for anyone to repeat. More than 300 companies raised seed or early stage venture financing. Like curated businesses. A relatively new category. a mobile concierge for travelers. we predict that the curated companies will be upended by new “concierge” businesses. fashion. While most top-tier VCs do pursue early stage deals. a comparatively high portion of funding rounds and capital went to very early stage companies. which makes sense in our time-starved world. public markets will look more compelling. while only about a dozen closed late stage rounds in 2016. In recent years. From “curated” to “concierge”: For a number of years now. it will be largest venture-backed IPO offering in years. Post-seed rounds are typically in the $1 million to $2 million range. Slack. IPO market gains momentum: If private valuations dip.5 billion in a single 2016 investment from Saudi Arabia’s sovereign fund. such as Intel’s $350 million acquisition of mobile vision technology company Movidius and Samsung’s purchase of AI virtual assistant developer Viv. Already.

Using projected data helps prevent undercounting or reporting skewed trends that only correct over time. investors.S. Within each section. venture rounds without a designated series that are below $15M. All projected values are noted accordingly. Technology Growth include private equity investments with participation from venture investors. Crunchbase uses projections for global and U. We base these projections on historical patterns in late reporting. which are most pronounced at the earliest stages. methodology In this report. Crunchbase Global Innovation Investment Report predictions | 4 . you will find links to relevant Crunchbase Pro lists. Early stage venture include financings that are classified as a Series A or B. trend analysis. glossary of terms Seed/Angel include financings that are classified as a seed or angel including accelerator fundings and equity crowdfunding below $5 million.S. 21% for series A and 12% for series B. Overall. and schools for analysis. 43% of seed dollars are reported after the quarter closes. Late stage venture include financings that are classified as a Series C+ and venture rounds greater than $15M. For the sector and metro portions of this report. Please note that all funding values are given in U. people. Crunchbase Pro is a tool that enables you to perform advanced searches of the Crunchbase dataset to build lists of companies. we do not apply projections due to relatively small sample sizes which make it difficult to accurately predict the undercounts. dollars unless otherwise noted. The percent shifts are lower for later series. and equity crowdfunding above $5 million.

with a growing percentage of financing taking place outside Silicon Valley as an expanding array of innovation hubs compete for capital. strategic and venture investors. the highest global funding numbers on record. China’s growing clout can’t be ignored. Crunchbase projects a 19% year-over-year increase in global funding levels for 2016.-based investors. Some of the largest non-U. Large tech firms announced new or expanded funds. which we highlight later in the report.S. now more than ever. with heavy focus on China and India. Berlin. and Lufax. funding rounds featured U. venture-backed companies. This represents an acknowledgement by established players that they need to keep up with disruption and innovation in their industries to stay relevant. for instance. there is not a single factor powering this overall trend.S. China-based companies. at least a half-dozen more China-based startups joined the unicorn club of private companies valued at $1 billion or more. Two of the best known Silicon Valley firms. including a $1. including Apple’s $1 billion investment in Chinese ride-hailing leader Didi Chuxing.S. were a major contributor to international growth markets. meanwhile. In 2016. looking at a five to ten year timeframe. and Paris have seen tremendous increases in investment activity and a broader presence of dedicated local investors. Global funding levels also got a lift from the maturation of non-U. Corporate strategic investors stepped up venture activity in 2016.S. However. venture. dedicated a growing portion of their new investments internationally. Xiaomi. U. Sequoia Capital and Accel Partners. startup ecosystems such as Beijing. Crunchbase Global Innovation Investment Report global funding and exit trends | 5 . Though it’s less visible year-over-year. Crunchbase reported 83% of venture financing taking place outside of Silicon Valley. rank among the ten most valuable private. innovation hubs. On the unicorn front. Non-tech companies also entered the space. section 1 global funding and exit trends Venture is a global business. and technology growth investments worldwide in 2016. including ANT Financial. In 2016. including new venture funds by cereal maker Kellogg and meat producer Tyson Foods.5 billion VR fund from HTC and a new AI-focused effort at Microsoft. Didi Chuxing. We estimate that a total of $176 billion will go into disclosed seed.

projected global funding round count projected global invested amounts projected global funding rounds (QoQ) projected global invested amounts (QoQ) Crunchbase Global Innovation Investment Report global funding and exit trends | 6 .

active global lead investors active global seed investors active global early stage investors active global late stage investors Crunchbase Global Innovation Investment Report global funding and exit trends | 7 .

global angel-seed round size global early stage round size global late stage round size global acquisitions of venture backed companies Crunchbase Global Innovation Investment Report global funding and exit trends | 8 .

000 Unilever Cruise Automation USA driverless cars $1.000 Nutanix USA data center $2.000 General Motors collaboration Quip USA $750 Salesforce software Otto USA self-driving trucks $680 Uber name country sector IPO valuation M Line Corp Japan messaging $9.000 Didi Chuxing StemCentRx USA biotech $5.400 Capital Dollar Shave Club USA consumer goods $1.100 Acacia Communications USA network infrastructure $1.600 Tencent Holdings Uber China China transportation $7.800 AbbVie Markit England fintech $5.180 cloud Twilio USA $1.030 notable global Apptio USA saas $872 2016 IPOs Intelia Therapeutics USA biotech $772 health care iRhythm Technologies USA $540 diagnostics Talend USA software $537 Gridsum China business intelligence $435 communication Everbridge USA $331 platform Impinj USA internet of things $320 Crunchbase Global Innovation Investment Report global funding and exit trends | 9 . acquired country sector price M acquirer Supercell Finland videogames $8.680 The Trade Desk USA advertising platform $1.960 communications Coupa Software USA cloud infrastructure $1.500 IHS notable Jet USA e-commerce $3.000 Walmart global 2016 Orient Hontai acquisitions AppLovin USA media $1.

per the Crunchbase Unicorn Leadboard.S. including offerings from CRISPR Therapeutics and Editas Medicine. another high-flying category in 2015. far fewer new U. The largest M&A deals involving venture-funded companies included stem cell therapy developer StemCentrx (sold to AbbVie for up to $10. Crunchbase Global Innovation Investment Report u. Crunchbase projects that investment in seed. Life science IPOs were more numerous. was comparatively tame. with the bulk of the contraction concentrated in later stage rounds for most of the year.S.com (sold to Wal-mart for $3 billion).s.) There were also some reductions in existing unicorn valuations.S.8 billion Series F for messaging app provider Snap Inc. its lowest level since Q4 2013. brought a pronounced slowdown in seed funding which dropped to $775M. predictions that U. which saw virtually all of its $10 billion valuation erased following investigations into its technology. That said. however.. down from $86 billion in 2015. IPO activity. technology offerings. The marketplace lending sector.S. while seed and early stage held steadier. A few exceptionally large rounds contributed to boosting the 2016 totals. two prominent players in the gene editing space. also suffered blows in the wake of damaging revelations around industry leader Lending Club. companies will total $76 billion in 2016. funding would decline were accurate. unicorns were created in 2016 compared to the prior year. companies reached an all time high in 2016 increasing 13% over 2015. venture. funding and exit trends | 10 . most notably blood testing provider Theranos. The fourth quarter. with just a few large U. a $793 million Series C for virtual reality technology company Magic Leap.S. funding and exit trends Although 2016 represents the second strongest year of venture investment ever. section 2 u. The downturn wasn’t as dramatic as some had warned.S. and procurement software provider Coupa Software. Acquisitions of venture backed U. They include a $1. and technology growth rounds for U. (At last count there were 14 new U. down from 48 in 2015.s. The list of high- value tech companies that did make it to market includes app communications toolmaker Twilio. and $220 million for personalized testing and therapy provider Human Longevity.2 billion) and shopping site Jet. unicorns in 2016. enterprise cloud service provider Nutanix. too.

invested amounts (QoQ) Crunchbase Global Innovation Investment Report u.s.s.s. invested amounts projected u. funding and exit trends | 11 . funding rounds projected u.s. funding rounds (QoQ) projected u.s.projected u.

s. angel-seed round size u. venture backed companies Crunchbase Global Innovation Investment Report u.s.s.u.s. funding and exit trends | 12 . late stage round size acquisitions of u. early stage round size u.s.

security. artificial intelligence. genetics. sector funding rounds sector invested amounts Crunchbase Global Innovation Investment Report notable sectors | 13 . We start our analysis there with a look at global funding trends and notable financing events. Next we turn to fintech. all of which we expect to hear a lot about in 2017. section 3 notable sectors The transportation. and virtual reality sectors drew the most attention in 2016. and workplace collaboration.

700 transportation Cainiao Logistics China commerce $1.500 transportation Didi Chuxing China ride service platform $33. Overall. Venture and growth investing in transport-related companies accelerated dramatically from 2015 levels. and ride-hailing sectors. name country sector raised M Didi Chuxing China ride sharing platform $4. transportation companies automotive e-commerce.500 Uber USA ride sharing $3. investors put more than $16 billion to work in transportation companies transport deals globally — over 75% greater than the $9 billion invested in acquired since 2012 the space during all of 2015. most notably Didi Chuxing’s $7 billion purchase of Uber China.700 unicorn Cainiao Logistics China commerce $7.500 Crunchbase Global Innovation Investment Report notable sectors | transportation | 14 .000 Didi Chuxing autonomous vehicle Cruise Automation USA $1. fueled by momentum in the logistics. marketplace taxi service Hailo UK n/a Daimler / Mytaxi marketplace name country sector valuation M Uber USA ride sharing $62.540 notable WM Motor China EV manufacturer $1.700 valuations Lyft USA ride sharing $5. as well as the prospect funded in 2016 of big M&A exits.000 General Motors manufacturer transportation autonomous vehicle notable Otto USA manufacturer $680 Uber acquisitions equipment IronPlanet USA $758 Ritchie Bros.transportation It’s been life in the fast lane for transportation investors in 2016.000 fundings Best Logistics China supply chain management $760 Grab Singapore ride sharing $750 acquired country sector price M acquirer Uber China China ride sharing $7. There were some large acquisitions as well. autonomous driving.

transportation funding rounds transportation invested amounts transportation active investors transportation invested amounts heatmap Crunchbase Global Innovation Investment Report notable sectors | transportation | 15 .

as consumers and acquired since 2012 enterprises alike yearn for technologies that can teach themselves to work more effectively over time.artificial intelligence Enterprises are swimming in data – far more than mere humans can analyze. Additionally. That’s creating more demand for intelligent machines that can process the mind-boggling volume and complexity of big data. VCs are artificial Intelligence companies finding much to like in the AI-enabled device market. name country sector raised M Cylance USA cyber security $100 artificial Roobo China robotics $100 intelligence Blippar UK image recognition $54 notable fundings Anki USA robotics $52 Rokid China human computer interaction $50 acquired country sector price M acquirer Movidius USA semiconductor $400 Intel Nervana USA machine learning $350 Intel artificial intelligence Swiftkey England human computer $250 Microsoft interaction notable acquisitions Magic Pony England video $150 Twitter Nexidia USA audio & video $135 NICE Systems name country sector valuation M Palantir USA data security $20.500 intelligence Cylance USA cyber security $1.100 unicorn valuations iCarbonX China health data $1.100 artificial InsideSales USA sales $1.000 Rokid USA & China human computer interaction $450 Crunchbase Global Innovation Investment Report notable sectors | artificial intelligence | 16 . and venture artificial Intelligence investors are increasingly backing companies developing solutions that companies funded in 2016 employ artificial intelligence and machine learning.

artificial intelligence funding rounds artificial intelligence invested amounts artificial intelligence active investors artificial intelligence invested amounts heatmap Crunchbase Global Innovation Investment Report notable sectors | artificial intelligence | 17 .

funding for ar/vr companies funded in the space has surged across stages. it wasn’t a major investment theme for venture capitalists. In the last couple of years. At least four companies ar/vr companies acquired since developing augmented or virtual reality technologies and applications have 2012 garnered unicorn status.500 valuations Unity Technologies USA gaming platform $1.500 ar/vr unicorn Blippar England image recognition $1. however.500 MindMaze Switzerland human computer interaction $1. But until recently. with the most valued. name country sector raised M Magic Leap USA augmented reality $794 Unity Technologies USA gaming platform $181 ar/vr notable MindMaze Switzerland human computer interaction $100 fundings NextVR USA live/on-demand VR $80 Blippar England image recognition $54 acquired country sector price M acquirer Voke USA live events/sports n/a Intel mobile-social Flyby Media USA n/a Apple applications ar/vr notable Two Big Ears Scotland audio n/a Facebook acquisitions EPawn France gaming technology $6 Starbreeze Kid Neon Images Australia retail technology n/a Deloitte name country sector valuation M Magic Leap USA augmented reality $4.100 Crunchbase Global Innovation Investment Report notable sectors | augmented and virtual reality | 18 . reeling in close to $800 million in 2016. as backers see opportunities for 2016 both entertainment and enterprise use cases.augmented and virtual reality Virtual and augmented reality has been a staple topic for science fiction writers and futurists. Florida-based Magic Leap.

ar/vr funding rounds ar/vr invested amounts ar/vr active investors ar/vr invested amounts heatmap Crunchbase Global Innovation Investment Report notable sectors | augmented and virtual reality | 19 .

in particular “robo-advisors” like fintech companies funded in Betterment and transaction technology providers such as online payment 2016 tool developer Stripe. name country sector raised M U51.fintech After bulking up on marketplace lending and bitcoin in preceding years. the since 2012 best-known player in the marketplace lending space. fintech investors curtailed investment in those areas in 2016. casting a shadow over the sector.500 SoFi USA lending $3. Fintech M&A and IPO activity were comparatively fintech companies acquired sparse over the course of the year.000 Crunchbase Global Innovation Investment Report notable sectors | fintech | 20 .com China credit cards $394 Payoneer USA payments $180 WeLab Hong Kong mobile lending $160 fintech notable Stripe USA online payments $150 fundings Personal Capital USA wealth management $100 Affirm USA lending $100 Tradeshift USA enterprise software $75 acquired country sector price M acquirer BATS Global USA stock and options $3. They increased investment in other areas.500 fintech unicorn Stripe USA payments $9.200 valuations Credit Karma USA personal finance $3. however.200 CBOE Holdings Markets fintech notable Citrus Pay IND payments $130 PayU acquisitions Holvi FIN payments n/a BBVA name country sector valuation M ANT Financial China payments $60. with troubles at Lending Club.000 Lufax China asset marketplace $18.

fintech funding rounds fintech invested amounts fintech active investors fintech invested amounts heatmap Crunchbase Global Innovation Investment Report notable sectors | fintech | 21 .

security Breaches and hacks were a major source of headlines in 2016. name country sector raised M 360 Mobile Security China mobile $100 Pindrop Security USA audio $81 security notable Ring USA home automation $61 fundings Rubrik USA data management $61 Malwarebytes USA anti-malware $50 acquired country sector price M acquirer identity Vista Equity Ping Identity USA $600 management Partners Imprivata USA health care $544 Thoma Bravo security notable acquisitions CSID USA identity $360 Experian management iSIGHT Partners USA cyber security $200 FireEye name country sector valuation M Tanium USA data management $3.000 Crunchbase Global Innovation Investment Report notable sectors | security | 22 . VC investment in 2016 the space was down from 2015 levels. including investments in authentication technology provider Pindrop and China-based antivirus provider 360 Mobile Security. but 2016 still ranks as the second security companies acquired most robust year for security deal-making out the past five.100 valuations Cylance USA cyber security $1. with attackers zeroing in on targets in both the corporate and political realms. A number of since 2012 large later stage rounds boosted funding totals.200 security unicorn Zscaler USA cyber security $1. security companies funded in a perennially popular sector for startup investment. There were some sizeable exits as well. however.100 Lookout USA mobile $1.500 Okta USA identity management $1. including the IPO of Coupa Software and acquisition of Ping Identity. For venture investors. it was largely business as usual for security.

security funding counts security invested amounts security active investors security invested amounts heatmap Crunchbase Global Innovation Investment Report notable sectors | security | 23 .

CRISPR genetics companies funded in Therapeutics.100 Crunchbase Global Innovation Investment Report notable sectors | genetics | 24 . Two of the most high-profile VC-backed companies in the gene editing space. a startup that includes genetic testing and gene therapy in its roster of longevity-focused diagnostics and treatments. and Editas Medicine. Human Longevity. name country sector raised M Human Longevity USA genetic testing.800 genetics unicorn CureVac Germany biopharmaceuticals $1. which brought in $150 million.genetics Genetics companies were the winners in the tech IPO market in 2016.200 23andMe USA personal genomic data $1. followed by Canadian drug developer DalCor Pharmaceuticals. raised the largest round.580 Human Longevity USA diagnostics and therapies $1.650 valuations Oxford Nanopore Technologies England DNA sequencing technology $1. 2016 several drug developers that employ genetic engineering or use genetic genetics companies acquired testing to determine suitable patients. a $230 million Series B.05B Fulgent Therapeutics USA genetic testing $176M name country sector valuation M Moderna Therapeutics USA DNA sequencing technology $2. despite the lackluster overall year for public offerings. carried out offerings. Additionally.950 NantOmics USA genetic testing $1. therapy $220 DalCor Pharmaceuticals Canada pharmaceuticals $150 genetics notable Denali Therapeutics USA neurodegenerative disease $130 fundings Lasergen USA gene sequencing $80 F2G England fungal disease $60 name country sector market cap–12/5/16 CRISPR Therapeutics Switzerland gene editing $850M Editas Medicine USA gene editing $550M genetics notable AveXis USA gene therapy $1. though totals appear to be down a bit from 2015.4B IPOs BeiGene China cancer therapies $1. Venture and since 2012 seed investment in life science companies with some genetics focus also held up at robust levels in 2016. went public on Nasdaq.

genetics funding counts genetics invested amounts genetics active investors genetics invested amounts heatmap Crunchbase Global Innovation Investment Report notable sectors | genetics | 25 .

name country sector raised M Slack USA communication application $200 workplace Fuze USA video/voice $112 collaboration Asana USA task management $50 notable fundings HighQ England secure collaboration $50 Parsable USA collaboration platform $20 acquired country sector price M acquirer document Quip USA $750 Salesforce collaboration Wipro Appirio USA crowdsourcing $500 workplace Technologies collaboration document Boardvantage USA $200 Nasdaq notable collaboration acquisitions Intellinote USA productivity n/a BroadSoft platform communication Pie Singapore n/a Google application name country sector valuation M workplace Dropbox USA cloud storage $10.000 Crunchbase Global Innovation Investment Report notable sectors | workplace collaboration | 26 .workplace collaboration The future of work has been a popular theme for venture investors in recent years. Companies developing effective tools for workplace tasks such as sharing documents. or tracking individual contributions to companies funded in 2016 large projects. For the third year in a row. collaboration-focused companies raised companies acquired more than $1 billion in total funding. are attracting the interest of backers from seed to unicorn workplace collaboration stage. workplace collaboration communicating across teams. of which $200 million went to one of since 2012 the fastest-growing companies in the space.800 unicorn valuations GitHub USA developer tools $2.350 collaboration Slack USA communication application $3. and collaboration is a big part of the strategy. enterprise messaging and communication platform provider Slack.

workplace collaboration funding counts workplace collaboration invested amounts workplace collaboration active investors workplace collaboration invested amounts heatmap Crunchbase Global Innovation Investment Report notable sectors | workplace collaboration | 27 .

Europe. e-commerce. and Asia are gaining clout as innovation hubs. funding rounds by region invested amounts by region Crunchbase Global Innovation Investment Report top metros | 28 . cities across North America. We delve into funding trends for 17 cities and regions worldwide. section 4 top metros While Silicon Valley is still the uncontested capital of the venture industry. as well as investment totals for the past five years. New York and Israel are also on the rise. ad-tech. attracting concentrations of startups in an expanding range of sectors including workplace collaboration. looking at the year’s largest rounds and exits. along with some very big rounds for startups in locations with nascent entrepreneurial ecosystems. and SaaS. Metros are presented in order of their total investment level followed by a few notable larger regions. Beijing demonstrated notable growth especially with active late-stage strategic and institutional investors fostering more Chinese unicorns. We find unicorns lurking in places you might not expect.

name sector raised M Wish e-commerce $500 Opendoor real estate $210 silicon valley Slack messaging & collaboration $200 notable Zoox autonomous vehicles $200 fundings Stripe e-commerce $150 Postmates food delivery $140 acquired sector price M acquirer StemCentRx biotech $5.silicon valley Silicon Valley is in no danger of losing its title as the global capital of all things startup and venture capital related. Funding data for 2016 shows that while venture investment is down from 2015 levels.800 AbbVie AppLovin media $1. Individual Silicon Valley companies scored silicon valley acquisitions some really big rounds as well. 2016 messaging company Slack.000 General Motors notable Krux retail $800 Salesforce acquisitions Quip workplace collaboration $750 Salesforce Otto autonomous vehicles $680 Uber Crunchbase Global Innovation Investment Report top metros | silicon valley | 29 . it’s still massively higher silicon valley funding 2016 than any other place on Earth. including e-commerce company Wish. and autonomous driving startup Zoox.400 Orient Hontai Capital silicon valley Cruise Automation autonomous vehicles $1.

100 Pinterest social media $11.500 Cloudera cloud storage $4.100 Slack workplace collaboration $3.000 Dropbox cloud storage $10.000 Wish e-commerce $3.200 unicorn valuations Lyft ride sharing $5.000 notable IPOs Coupa Software cloud infrastructure $1.800 Credit Karma personal finance $3. IPO sector post-IPO value M Nutanix data centers $2.500 SoFi lending $3.000 Palantir Technologies data security $20.500 Airbnb sharing economy $30.000 Crunchbase Global Innovation Investment Report top metros | silicon valley | 30 .350 silicon valley Stripe payments $9.180 silicon valley Twillio api $1.500 Talend big data $476 name sector valuation M Uber ride sharing $62.

silicon valley funding rounds silicon valley invested amounts reported silicon valley active investors Crunchbase Global Innovation Investment Report top metros | silicon valley | 31 .

500 Le Sports online sports content $1. with large rounds and soaring valuations for hot companies in multiple industries. raising $4. beijing fundings 2016 There were several super-sized rounds for companies in the automotive beijing acquisitions 2016 and transportation spaces.000 Mogujie Autohome automotive $1.beijing Beijing had a phenomenal year for venture investment. but the funding largesse crossed all sectors. name sector raised M Didi Chuxing ride-hailing $4.600 Ping An beijing notable Pactera technology $675 HNA EcoTech consulting acquisitions Shandong Luyitong Canaan Creative blockchain servers $466 Intelligent Electric Mtime film database $350 WANDA Group Crunchbase Global Innovation Investment Report top metros | beijing | 32 .5 billion to fuel its expansion.200 beijing notable LeSee driverless electric cars $1. Ride-hailing leader Didi Chuxing led the pack. from ecommerce to fintech to real estate.100 fundings Home Link online real estate $926 LeEco video streaming $600 acquired sector price M acquirer Meilishuo e-commerce $3.

name sector amount raised M

ZTO Express shipping $1,400
beijing notable
BeiGene biotech $158
IPOs
51Talk e-learning $45

name sector valuation M

Xiaomi consumer electronics $45,000

Didi Chuxing transportation $33,700

Home Link (Lianjia) real estate $5,700
beijing unicorn
LeSports sports $3,300
valuations
Firstp2p p2p financing $2,000

Beijing Weiying Technology ticket booking $2,000

Lakala financial services $1,600

Crunchbase Global Innovation Investment Report top metros | beijing | 33

beijing funding rounds beijing invested amounts

Crunchbase Global Innovation Investment Report top metros | beijing | 34

new york city
New York has long been an epicenter for finance, media, real estate, and
advertising, so it follows that these would also be areas of strength for
the city’s startup ecosystem. The past year brought some large rounds new york city fundings 2016
and acquisitions for entrepreneurial companies in these and other areas. new york acquisitions 2016
WeWork, the city’s most valuable startup, continued to rake in funding, while
on-demand transport logistics provider Gett drew the year’s largest round
of $300 million. E-commerce startup Jet.com delivered the region’s biggest
exit for 2016, selling to Walmart for $3 billion.

name sector raised M

WeWork real estate $430

Gett transportation $300
new york
city notable Payoneer e-commerce $180
fundings Sprinklr social media management $105

Betterment fintech $100

acquired sector price M acquirer

Jet.com e-commerce $3,000 Walmart

Tapad media $360 Telenor

Yodle online marketing $342 Web.com

new york Complex media $250 Verizon Communications
city notable
acquisitions Gilt Groupe online fashion $250 HBC (Hudson’s Bay Company)

HookLogic online marketing $250 Criteo

ConvertMedia media $100 Taboola

Peerform fintech n/a Versara Lending

Crunchbase Global Innovation Investment Report top metros | new york city | 35

800 valuations BuzzFeed media $1. name sector valuation amount raised M new york city Kadmon biotech $651 $75 notable IPOs name sector valuation M WeWork real estate $16.350 FanDuel fantasy sports $1.500 MongoDB cloud computing $1.900 Vice Media media $2.280 Warby Parker e-commerce $1.000 new york Sprinklr social media management $1.800 city unicorn ZocDoc health care $1.200 Crunchbase Global Innovation Investment Report top metros | new york city | 36 .700 Blue Apron meal kits $2.550 Oscar health care $2.

new york city funding rounds new york city invested amounts new york city active investors Crunchbase Global Innovation Investment Report top metros | new york city | 37 .

Indigo and Gingko Bioworks. and healthcare. with Boston-area companies raising over boston acquisitions 2016 80 rounds for a total of almost $1. the region is best known for launching startups in science-oriented and deep tech areas including biotech. and big data. with two companies. raising $100 million rounds to isolate or design microbes for use in agriculture. Within this sector. industry. biotech boston fundings 2016 was an especially active area.5 billion. For 2016. AI. there was high activity in microbial science. robotics.boston While Boston has its share of consumer-focused success stories. name sector raised M DraftKings fantasy sports $153 Fuze messaging & collaboration $112 boston notable Onshape collaboration & design $105 fundings Indigo agtech $100 Gingko Bioworks biotech $100 acquired sector price M acquirer Padlock Therapeutics pharmaceutical $600 Bristol-Myers Squibb Tensha Therapeutics biotech $535 Roche boston notable FitnessKeeper fitness $85 ASICS acquisitions ThriveHive photo sharing $12 Propel Marketing Epiva biotech n/a Evelo Therapeutics Crunchbase Global Innovation Investment Report top metros | boston | 38 .

name sector amount raised M American Renal Associates Holdings biotech $165 Intellia Therapeutics biotech $108 Acacia Communications telecommunications $104 Editas Medicine biotech $94 Ra Pharmaceuticals biotech $92 boston notable IPOs Selecta Biosciences biotech $70 Syndax Pharmaceuticals biotech $53 Proteostasis Therapeutics biotech $50 Syros Pharmaceuticals biotech $50 Spring Bank Pharmaceuticals biotech $15 Crunchbase Global Innovation Investment Report top metros | boston | 39 .

boston funding rounds boston invested amounts boston active investors Crunchbase Global Innovation Investment Report top metros | boston | 40 .

6 billion for VC and technology growth funding in the los angeles fundings 2016 metro area.8 billion Series F by Snap Inc contributing to an annual total of more than $2.los angeles Southern California was a hotspot for venture activity in 2016 with an enormous $1. name country sector raised M Snap Inc.000 LeEco electronics Dollar Shave Club USA e-commerce $1.000 Unilever Anhui Xinke New los angeles Voltage Pictures USA film production $350 Materials notable acquisitions Atlus USA video games $140 Sega LABite USA food delivery $65 GrubHub Contend USA digital content $27 Mosaic name country sector raised M los angeles BlackLine USA software $146 notable IPOs FlitWays USA travel $114 Crunchbase Global Innovation Investment Report top metros | los angeles | 41 . Los Angeles has firmly established itself as a prominent startup los angeles acquisitions 2016 ecosystem with a wide array of late stage and established tech companies like Tinder and Hulu. alongside startups in emerging sectors like the next-gen transportation company Hyperloop One.800 Hulu USA digital entertainment $583 los angeles notable Thrive Market USA e-commerce $111 fundings Cylance USA machine learning $100 Hyperloop One USA transportation $80 acquired country sector price M acquirer consumer Vizio USA $2. USA messaging $1.

los angeles funding rounds los angeles invested amounts los angeles active investors Crunchbase Global Innovation Investment Report top metros | los angeles | 42 .

led by london fundings 2016 ride-hailing app Hailo’s sale to Daimler’s MyTaxi unit. name sector raised M Metro Bank banking $564 Deliveroo food delivery $275 london notable Farfetch online fashion $110 fundings Sirin Labs smartphones $72 Starling Bank banking $70 acquired sector price M acquirer Hailo transportation app N/A MyTaxi. Daimler SwiftKey artificial intelligence $250 Microsoft london notable Onefinestay hospitality $170 Accor Hotels acquisitions HouseTrip rental website N/A TripAdvisor Crunchbase Global Innovation Investment Report top metros | london | 43 . from life sciences to consumer internet to deep tech areas like security and artificial intelligence. Yet London startups continued to raise big rounds in 2016 and generated some sizeable exits. Funding totals show london acquisitions 2016 London startups’ strength across sectors.london The Brexit vote promises to have far-reaching effects on London’s stature as the venture and startup capital of Europe.

000 Crunchbase Global Innovation Investment Report top metros | london | 44 . name sector valuation M amount raised M Ascential Plc business intelligence $1.050 Deliveroo food delivery $1.500 london unicorn TransferWise financial services $1.154 $115 CRISPR Therapeutics biotech $590 $56 london notable Mereo Biopharma biopharma $206 $22 IPOs Draper Esprit venture capital $173 $145 LoopUp collaboration software $54 $11 Cerillion saas $32 $15 name sector valuation M Farfetch fashion e-commerce $1.100 valuations Funding Circle financial services $1.500 Blippar image recognition $1.

london funding rounds london invested amounts london active investors Crunchbase Global Innovation Investment Report top metros | london | 45 .

c. USA event management n/a Event Farm location-based WeatherBug USA n/a xAd information services Crunchbase Global Innovation Investment Report top metros | washington d. Inc. Either they’re drawing talent from the NSA and other agencies. name country sector raised M OneWeb USA satellite broadband $1. acquisitions most highly-funded startups are all in areas where local talent pools are 2016 rich: security.c. and media. It’s not surprising that Washington D. collectively bringing in more than $2. the washington d. About half of that total came late in the year in a single round for satellite broadband provider OneWeb.c.c. education.c. Overall. | 46 . or operating in 2016 regulated industries where proximity to lawmakers can help. more than 150 startups closed rounds over the course of the year.ly USA social crm n/a Blackbaud acquisitions Attend.3 billion.washington d.C.’s startup scene features a disproportionate share of companies with some tie to the federal government. notable Attentive. fundings selling products and services to government customers. telecommunications.c. notable fundings afiniti USA big data $25 Distil Networks USA web security $21 Social Tables USA collaboration $13 acquired country sector price M acquirer consumer Social Radar USA n/a Verizon Wireless electronics Living Social USA e-commerce n/a Groupon washington d.200 Everfi USA edtech $40 washington Virtu USA security & encryption $29 d. washington d. For 2016.

c.c.c. invested amounts washington d. funding rounds washington d. active investors Crunchbase Global Innovation Investment Report top metros | washington d. | 47 .c.washington d.

110 HelloFresh meal kit $3. Growth companies most attractive to investors include travel planning provider GoEuro and social music platform SoundCloud. name sector raised M GoEuro travel planning platform $70M SoundCloud social music platform $70M berlin notable N26 mobile banking $40M fundings Spotcap business loans $35M Lamudi online real estate platform $31M name sector raised M Delivery Hero food delivery $3.000 Crunchbase Global Innovation Investment Report top metros | berlin | 48 . Berlin has consistently ranked as one of the world’s fastest-growing startup hubs. but a number of startups still managed to close big rounds or get acquired for large sums.000 berlin unicorn valuations AUTO1 Group auto marketplace $1.170 Home24 furniture e-commerce $1. Berlin-based companies are expected to raise less VC and growth berlin acquisitions 2016 funding than in the prior year. For berlin fundings 2016 2016. drawing entrepreneurs from across Europe attracted by its hip environs. and access to capital. deep talent pool.berlin In recent years.

berlin funding rounds berlin invested amounts berlin active investors Crunchbase Global Innovation Investment Report top metros | berlin | 49 .

seattle fundings 2016 growing mobile app for selling used stuff that raised $119 million. a fast. drawing venture investment of just over $1.com pets $40 seattle notable Remitly payments $39 fundings Glowforge 3D printing $22 Convoy logistics $16 acquired sector price M acquirer PitchBook Data big data $180 Morning Star IID marketing $45 Infoblox seattle notable acquisitions Ranku edtech $25 John Wiley & Sons. name sector raised M OfferUp location-based services $119 Rover. including Morningstar’s acquisition of private company data provider PitchBook Data for $180 million.seattle Seattle held onto its ranking as the Pacific Northwest’s startup capital in 2016. And while seattle acquisitions 2016 2016 wasn’t a blowout year for exits.1 billion across close to 190 funding rounds. there were some large transactions. A sizeable chunk of the funding went to OfferUp. Inc Cheezburger entertainment n/a Literally Media name sector valuation M apptio cloud enterprise software $872 seattle notable IPOs impinj IOT $320 Crunchbase Global Innovation Investment Report top metros | seattle | 50 .

seattle funding rounds seattle invested amounts seattle active investors Crunchbase Global Innovation Investment Report top metros | seattle | 51 .

chicago fundings 2016 area companies collectively raised just over $1 billion spread across over chicago acquisitions 2016 160 rounds. Chicago. name country sector raised M SMS Assist USA sms management $150 Sprout Social USA social media $42 chicago notable Higi USA wellness $40 fundings Home Chef USA food and beverage $40 ParkWhiz USA location-based services $24 acquired country sector price M acquirer OptionsHouse USA fintech $725 E*Trade Financial Enablon USA sustainability $250 Wolters Kluwer chicago notable Valence Health USA health care $219 Evolent Health acquisitions marketing ADSHIFT USA n/a Be Found Online automation OpinionLab USA business analytics n/a Verint Systems Crunchbase Global Innovation Investment Report top metros | chicago | 52 . A major acquisition also took place with online brokerage E*Trade acquiring trading site OptionsHouse for $725 million. including a few unicorns such as online lender Avant and property management technology provider SMS Assist. Chicago is home to a high concentration of tech startups. In 2016.chicago As the largest city in the Midwest.

chicago funding rounds chicago invested amounts chicago active investors Crunchbase Global Innovation Investment Report top metros | chicago | 53 .

and technology growth funding in 2016. with sought-after startups in sectors ranging from transportation paris acquisitions 2016 to biotech to music and audio raising big rounds this year. an increase over the prior year. name sector raised M Deezer music streaming $110M Devialet audio technology $106M paris notable Carmat biotech $55M (PIPE deal) fundings MedDay biotech $39M Navya Technology driverless technology $34M acquired sector price M acquirer Safran Identity & Security network security $2. The region boasts a particularly diverse mix of entrepreneurial paris fundings 2016 focus areas. venture.1 billion in seed.paris Companies in the Paris metropolitan area attracted more than $1.720 Advent International parking machine Parkeon $507 Astorg Partners paris notable learning acquisitions healthcare Withings $190 Nokia hardware StickyAds advertising $100 Comcast Crunchbase Global Innovation Investment Report top metros | paris | 54 .

paris funding rounds paris invested amounts paris active investors Crunchbase Global Innovation Investment Report top metros | paris | 55 .

name sector raised M Pivot3 data centers $55 Spredfast social media marketing $50 austin notable BigCommerce e-commerce $30 fundings Silvercar transportation $28 CognitiveScale machine learning $25 acquired sector price M acquirer CSID cyber security $360 Experian austin notable Shipping Easy shipping $55 Stamps. including a austin fundings 2016 $50 million round for social media marketing company Spredfast and $30 austin acquisitions 2016 million for SaaS sales platform BigCommerce.austin Venture activity in Austin slowed in 2016. Inc Vemory photo sharing n/a GoPro Crunchbase Global Innovation Investment Report top metros | austin | 56 . Austin continued to experience impressive activity for early stage startups in popular sectors. but still witnessed 185 funding rounds totaling just under $1 billion.com acquisitions DocbookMD health care n/a Scrypt.

austin funding rounds austin invested amounts austin active investors Crunchbase Global Innovation Investment Report top metros | austin | 57 .

including Ola. with Snapdeal and india fundings 2016 BigBasket both raising over $150 million.com e-commerce $70 Myntra You Broadband & Cable telecommunications $60 Vodafone India Crunchbase Global Innovation Investment Report top metros | india | 58 . the world’s second most populous country. Indian E-Commerce companies continued to gain momentum in 2016. clearly qualifies. India’s largest car-hailing service. Yet market watchers also pointed india acquisitions 2016 to some signs of a slowdown. name sector raised M Ibibo Group travel $250 Snapdeal e-commerce $200 india notable hike messaging $175 fundings TVS Logistics Services logistic $155 BigBasket e-commerce $150 acquired sector price M acquirer GenWorth fintech $2.india Venture capitalists are always looking for big markets.700 China Oceanwide ibibo Group travel $720 Makemytrip.com india notable Citrus Payment Solutions payments $130 PayU acquisitions Jabong. and India. reportedly raising money at a 40% discount to its prior valuation of $5 billion.

000 india unicorn valuations hike New Dehli messaging $1.400 Quikr Mumbai rentals $1.100 Zomato Gurgaon restaurant search engine $1.040 ShopClues Gurgaon e-commerce $1.000 Snapdeal New Delhi e-commerce $4.050 Crunchbase Global Innovation Investment Report top metros | india | 59 . IPOs sector valuation M amount raised M Narayana Hrudayalaya healthcare $873 $92 Equitas Holdings financial services $728 $98 Thyrocare Technologies healthcare $533 $72 Ujjivan Financial Services financial services $375 $40 india notable Infibeam e-commerce $363 $68 IPOs Quick Heal Technologies internet security $312 $66 Parag Milk Foods food $269 $67 TeamLease Services staffing $215 $64 name country sector valuation M Flipkart Bangalore e-commerce $15.800 One97 Communications New Delhi mobile $2.000 Ola Kolkata transportation $5.

india funding rounds india invested amounts india active investors Crunchbase Global Innovation Investment Report top metros | india | 60 .

and networking technology.59B raised for companies all the way from seed to unicorn stage.israel Tel Aviv entrepreneurs are known for their expertise in enterprise IT. and SaaS. Yet in recent years. leading to 229 funding rounds and a total of $1. name sector raised M Voyager Labs cognitive computing $100 Phinergy battery technology $50 israel notable Celeno wifi components $38 fundings Elastifile data storage $35 Nutrinia therapeutics $30 acquired sector price M acquirer SintecMedia advertising $400 Francisco Partners Beijing Xinwei Spacecom telecommunications $285 israel notable Technologies acquisitions RR Media content $242 SES MagnaCom telecommunications $60 Broadcom name sector valuation M Conduit cloud computing $1. security.020 Crunchbase Global Innovation Investment Report top metros | israel | 61 . israel fundings 2016 founders in the region have also launched successful startups in a broader israel acquisitions 2016 variety of sectors.200 valuations ironSource software $1. with founders often gaining experience or deploying technologies developed in the Israeli military. including ad-tech.400 israel unicorn Infinidat cloud infrastructure $1. Investors flocked to Israel in 2016. e-commerce.

israel funding rounds israel invested amounts israel active investors Crunchbase Global Innovation Investment Report top metros | israel | 62 .

followed by Mexico.latin america Venture funding in Latin American companies has grown by orders of magnitude over the past five years. Peru. consulta healthcare $26 Resultados Digitais Marketing Automation $19 acquired sector price M acquirer latin america Ticketbis e-commerce $165 eBay notable acquisitions Axado saas $8 MercadoLibre Crunchbase Global Innovation Investment Report top metros | latin america | 63 . There is also new 2016 momentum around deals in Argentina. Brazil remains the most latin america fundings active region for venture activity. and Chile). as well as continued activity in the Andean 2016 Region (Colombia. according to the Latin American latin america acquisitions Venture Capital Association. name sector raised M Nubank fintech $80 Movile mobile commerce $40 latin america notable iFood food delivery $30 fundings dr. as regional innovation hubs gain momentum and financial infrastructure matures.

latin america funding rounds latin america invested amounts Crunchbase Global Innovation Investment Report top metros | latin america | 64 .

Nonetheless. Knife Capital’s Grindstone Accelerator in South Africa. The pool of seed-stage companies is also africa acquisitions 2016 growing with help from an increasing number of incubators including Nailab and iDEA Hub in Nigeria.africa Africa lacks the venture infrastructure to fully match the entrepreneurial aspirations of its 1. compelling startups in industries ranging from transportation to fintech to travel do manage to africa fundings 2016 secure sizeable funding rounds. and Meltwater Entrepreneurial School in Ghana. name sector raised M Travelstart travel booking $40 Zebra Cabs transportation $22 africa notable iROKO Partners online media $19 fundings Zoona fintech $15 Vezeeta healthcare $5 acquired sector price M acquirer africa notable Tigo telecommunication $160 Orange acquisitions Crunchbase Global Innovation Investment Report top metros | africa | 65 .2 billion people.

africa funding rounds africa invested amounts Crunchbase Global Innovation Investment Report top metros | africa | 66 .

according to the Australian australia acquisitions 2016 Private Equity and Venture Capital Association (AVCAL). healthcare. it appears investors are preparing to put more capital to work. followed by consumer products. companies raising significant venture investment include SocietyOne. and SafetyCulture. Looking ahead. Australian venture capital funds australia fundings 2016 raised a record $568 million in fiscal 2016. name sector raised M SocietyOne p2p lending $25 SafetyCulture workplace collaboration $23 australia notable Medical Channel digital media $19 fundings Vinomofo food & beverage $19 Airtasker e-commerce marketplace $16 acquired sector price M acquirer Vaya mobile provider $70 amaysim 3D Medical 3d printing $60 Mach7 Technologies australia notable acquisitions eWAY financial services $50 Global Payments Kloud information technology $40 Telstra IPOs sector amount raised M Protagonist Therapeutics biotech $90 LiveHire information technology $7 australia notable Novatti Pty Ltd mobile payments $5 IPOs Vectus Biosystems biotech $4 Kyckr Limited e-commerce $4 Crunchbase Global Innovation Investment Report top metros | australia | 67 . IT and communications companies account for more than half of investment. Medical Channel. For the IT and communications sectors. according to AVCAL. and financial services.australia Australian startups scored more than 212 funding rounds and brought in over $550 million in 2016.

australia funding rounds australia invested amounts australia active investors Crunchbase Global Innovation Investment Report top metros | australia | 68 .

section 5 top universities Crunchbase’s dataset is unique in that it tracks university affiliations of startup founders. Stanford alums were the most prolific founders of funded startups. followed by MIT grads. top us universities by 2016 investments top european universities by 2016 in alumni founded companies investments in alumni founded companies Crunchbase Global Innovation Investment Report top universities | 69 . Early results largely confirm the conventional wisdom that prestigious institutions with large STEM programs and geographic proximity to high concentrations of capital rank highest. We’ve used this data to identify which universities graduate the largest number of startup founders who go on to receive venture funding. In 2016.

we have expanded our analysis to include information on the founders of 38. For all venture investment. Using the set of companies in Crunchbase with data on founders. 1 Absolute numbers for 2016 are not a good measure as data will still be updated for newly funded companies during 2017. Since our inaugural 2015 report on female founder trends in the United States.092 (16%) of startups have a female founder. we determined that 18% of the 2016 angel-seed rounds went to teams with at least one female founder.118 in 2015.848 global startups. Crunchbase Global Innovation Investment Report female founder trends | 70 . 9% of global startups receiving their first funding round had at least one woman founder and by 2016 that rate climbed to 17%. In 2009.1 Based on those numbers. Overall 6. it is reasonable to conclude that there has been a steady increase in the number of female founders in the past seven years. The absolute number of companies (along with the total number of startups) with a female founder grew six-fold from 172 in 2009 to 1. that percentage was slightly lower at 16% driven down by the relatively few late stage companies with female founders. section 6 female founder trends Crunchbase is committed to benchmarking diversity in startup leadership roles.

368 6.368 90% 2015 Rounds Rounds 10% Amount Amount 2016 funded startups fundedwith startups with a female founder a female founder 2009 – 2016 2009 – 2016 Source: Crunchbase Source: Crunchbase 100% 20% 20% 82% 82% Male founders only Male founders only 84% 84% 17% 17% 80% 80% 9% % 9% % 17% 17% 2009 200911 % 11 % 17% 17% 13 13 Seed Funding2011 in female founded startups 2010 2010 17% 17% % % 16 16 2011 Female founder Female founder 2012 2012 2009-2106 seed investments 2013 Global in companies 2013 seed funding with a rounds venture 18% investments 18% in companies 16% with 16% 2014 2014 female founder (2016) 2015 90% 2015 90% a female founder (2016) 10% 10% 2016 2016 Male founders only Rounds100% 100% Male founders only Amount Female founder Female founder Seed Funding Seed Funding in femaleinfounded female founded startupsstartups Venture Venture Funding Funding in femaleinfounded female founded startupsstartups 2009-2106 2009-2106 Global seed Global funding seed rounds funding rounds 2009-2106 2009-2106 Global venture Global funding venture rounds funding rounds Roundsrounds Rounds amount Amount Amount Roundsrounds Rounds amount Amount Amount 82% Male founders only 84% 82% 82% Male founders only Male founders only 84% 84% 87% 87% 91% 91% Male founders only Male founders only Female founder 18% 16% Female founder Female founder Female founder Female founder 18% 18% 16% 16% 13% 13% 9% 9% Venture Venture Funding Funding in femaleinfounded female founded startupsstartups 2009-2106 2009-2106 Global venture Global funding venture rounds funding rounds Rounds Rounds Venture Funding in female Amountfounded Amount startups Crunchbase Global Innovation Investment Report female founder trends | 71 2009-2106 Global venture funding rounds 87% 87% Male founders only Male founders only 91% 91% . companies with a female founder grouped by initial investment year 50% 60% 40% 50% 50% 60% 60% 40% 40% 70% 30% 70% 70% 30% 30% 6.368 6.368 6.368 funded startups with funded startups fundedwith startups with a female founder a female founder 2009 – 2016 2009 – 2016 Source: Crunchbase Source: Crunchbase a female founder 20% 20% 17% 17% 80% 80% 9% % 9% % 17% 17% 2009 – 2016 2009 200911 % 11 % 17% 17% 13 13 2010 2010 17% 17% % % Source: Crunchbase 16 16 2011 2011 50% 50% 2012 2012 20% 17% 80% 2013 2013 9% 17% 2009 % 2014 2014 60% 60% 40% 40% 11 3% 17% 1 90% 90% 2015 2015 2010 2016 2016 10% 10% 17% % 16 2011 100% 100% 2012 2013 Seed Funding Seed Funding in femaleinfounded female founded startupsstartups 2009-2106 2009-2106 Global seed Global funding seed rounds funding rounds 70% 70% 30% 30% 2014 6.

remote data teams. Working with partners. and categorize startups. we work with firms of all sizes. the data analysts work to ensure that Crunchbase maintains an accurate and timely dataset. Though these arrangements. the community Community contribution is central to the strength of the Crunchbase dataset. to mine the Internet for companies. data analysts Our data analyst team manages all aspects of data accuracy and comprehensiveness. creating a system of cross references that ensures the best data is always available. technology. and automated monitoring tools. Crunchbase has developed a multi-faceted approach to data collection and validation that produces tens of thousands of profile updates every day.800 investment firms to proactively track their portfolios companies and verify funding data. Our community. Crunchbase Global Innovation Investment Report crunchbase data | 72 . These tools look for and correct anomalies in the data. and fundings. From small angel groups in Africa to global venture firms based in Silicon Valley. the community. and analyst team each play a key role in tracking the rapidly changing landscape of company information. For example. Our users supply data that cannot be found in the news or through crawling the internet. data engineering Crunchbase uses machine learning and web crawlers. venture partners Crunchbase partners with more than 2. in 2016 over 70% of all seed fundings were reported directly through our contributors. government partners Crunchbase collaborates with local and national government agencies to promote the startup ecosystems in their areas. Crunchbase gains access to information about very early stage companies that are just forming across the globe. people. capture news. partners.

late stage technology growth Late stage venture include financings that are classified as a Technology Growth include private equity investments with Series C+ and venture rounds greater than $15M. Together these are collectively referred to as “venture funding. angel.glossary Investment activity in this report covers all seed. participation from venture investors.” seed/angel early stage Seed/Angel include financings that are classified as a seed or Early stage venture include financings that are classified as a angel including accelerator fundings and equity crowdfunding Series A or B. venture rounds without a designated series that below $5 million. venture. corporate venture and private equity rounds that include venture investors. and equity crowdfunding above $5 million. are below $15M. Crunchbase Global Innovation Investment Report glossary | 73 .