We could have missed an alum or two. However with the second quarter of 2022 within the books, right here’s a have a look at our Finovate alumni funding for April, Could, and June of this yr.
As of our present rely, eight Finovate alums have raised greater than $984 million in Q2 of 2022. Of the eight alums that obtained funding within the quarter simply ended, two – Allied Fee Community and Chekk – didn’t disclose the overall quantity of their investments.
Two of the quarter’s largest investments had been obtained in June, giving that month the lion’s share of capital raised by Finovate alums within the second quarter of the yr.
Earlier quarterly comparisons
- Q2 2021: Greater than $2.8 billion raised by 14 alums
- Q2 2020: Greater than $975 million raised by 15 alums
- Q2 2019: Greater than $1.8 billion raised by 29 alums
- Q2 2018: Greater than $1.5 billion raised by 25 alums
- Q2 2017: Greater than $726 million raised by 25 alums
As we famous final yr round this time, it’s not uncommon for second quarters to provide extra reasonable funding numbers in comparison with different quarters. And, as with final yr, April proved to be an particularly “merciless” month for fintech funding – not less than as measured by our alums – with solely FinovateEurope alum and relative newcomer Crowdz reporting funding that month.
That mentioned, this yr’s Q2 haul surpassed that of two of the earlier 5 second quarters – and with considerably fewer alums collaborating.
High Fairness Investments
- SumUp: $624 million
- ThoughtMachine: $160 million
- Backbase: $122 million
The highest fairness funding for the quarter was far and away the $624 million raised by London-based e-commerce innovator SumUp. In actual fact, all three of the highest fairness investments in Q2 of 2022 had been larger than the most important funding within the earlier quarter. SumUp’s large capital infusion rivals all Finovate alum investments since NuBank raised $750 million within the second quarter of 2021.
Backbase’s fundraising of $122 million was notable as a result of it was the primary time the corporate had sought outdoors capital in its almost 20 years of existence.
Right here is our detailed alum funding report for Q2 2022.
April: $10 million raised by one alum
Could: Greater than $178 million raised by three alums
June: Greater than $796 million raised by 4 alums
If you’re a Finovate alum that raised cash within the second quarter of 2022 and don’t see your organization listed, please drop us a observe at analysis@finovate.com. We might like to share the excellent news! Funding obtained previous to turning into an alum not included.
Picture by Pixabay
