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Your monthly guide to the world of VC, PE and M&A from our proprietary database.
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TECHTRACK MONTHLY
 
JUNE 2022
Hey there,

Here's your monthly breakdown of everything that happened in the world of startups, venture capital and M&A transactions from our proprietary database.  

Happy Tracking,

Shayan Somani
Managing Director
 
MONTHLY DEAL ANALYTICS
3.1K+


FUNDING ROUNDS
1.1K+


EXITS
10K+


ORGANIZATIONS ADDED
FUNDING ROUNDS
Startup funding in May was relatively flat when compared to the previous month. Overall, there were more than 3.1k funding rounds captured by TechTrack. Here's a breakdown of all things big and small in the world of startups & VC:

  • There were 3,161 deals in May, compared to 3,131 deals in April, an increase of 1%.
  • Early stage funding was lower in May with 633 deals announced compared to 896 in April, a decrease of 29%.
  • Expansion stage funding was down in May with 350 deals announced compared to 460 in April, a decrease of 24%.
  • Overall, deals in May were down 23% compared to the same period last year, while the average deal size was up 19%. This trend was especially evident with Pre Seed and Seed deals, as both rounds saw fewer deals but higher average transaction sizes.

M&A ACTIVITY
M&A deals were up in May, with more than 1.1k acquisitions captured by TechTrack. Here's a summary of Mergers & Acquisitions activity:

  • There were 1,110 acquisitions in May, an increase of 12% compared to April.
  • M&A activity has declined with 3,450 acquisitions announced in the last three months, a decrease of 11% compared to the same period last year.
  • Overall, that brings the total number of Mergers & Acquisitions over the last 12 months to 15,187, an increase of 30% compared to the preceding 12 months where there were 11,706 acquisitions.
INVESTOR SPOTLIGHT
HEALTHCARE & LIFE SCIENCES
 
US VC Fund - Fund III - $381M
Description: This US VC fund will continue investing in breakthrough biomedical technology companies across all stages of growth.
Company HQ: Baltimore, Maryland, United States
Year Founded: 2016        Employees: 11 - 50
Primary Industries: Analytics, Artificial Intelligence, Bioinformatics,
Biopharma, Biotechnology, Emergency Medicine, Genetics, Health Care, Health Diagnostics, Life Science, Medical Device, Nanotechnology, Neuroscience, Pharmaceutical, Therapeutics
Assets Managed: $481,000,000
 
US VC Fund - Fund IV - $450M
Description: This early stage VC fund partners with entrepreneurs building innovative consumer, enterprise, and healthcare technology companies.
Company HQ: Menlo Park, California, United States
Year Founded: 2019        Employees: 11 - 50
Primary Industries: Analytics, Apps, Artificial Intelligence, Bioinformatics, Biotechnology, Consumer, Enterprise IT, Fitness, Health Care, Health Diagnostics, Healthcare IT, Healthcare Services, mHealth, Personal Health, Science and Engineering, Wearables, Wellness
Assets Managed: $450,000,000
 
US PE Fund - Fund VI - $800M
Description: This operating-oriented PE firm invests in healthcare companies that can benefit from the firm's extensive industry relationships and expertise.
Company HQ: Lake Forest, Illinois, United States
Year Founded: 2001        Employees: 11 - 50
Industries: Beauty, Biotechnology, Consumer, Cosmetics, Dental, Fitness, Health Care, Manufacturing, Medical Device, Personal Health, Pet, Pharmaceutical,
Retail, Science and Engineering, Veterinary, Wellness
Assets Managed: $1,250,000,000
 
SOFTWARE & TECHNOLOGY
 
US VC Fund - Fund VII - $608M
Description: This VC fund targets B2B software companies outside Silicon Valley, and prefers to be the first institutional investor.
Company HQ: Washington,
District Of Columbia, United States
Year Founded: 1998        Employees: 11 - 50
Industries: Artificial Intelligence, B2B, Data and Analytics, Enterprise Software, FinTech, Information Technology, IT Infrastructure, Marketing, Predictive Analytics, Professional Services, Property Development, SaaS, Software, Video Streaming
Assets Managed: $1,200,000,000

 
US VC Fund - Fund III - $485M
Description: This VC fund leads seed stage investments in software companies across infrastructure, SaaS, fintech, and consumer applications.
Company HQ: Menlo Park, California, United States
Year Founded: 2018        Employees: 11 - 50
Industries:
Artificial Intelligence, Cloud Infrastructure, Consumer, Developer Tools, E-Commerce, EdTech, Enterprise IT, Gaming, Hardware, Financial Services, FinTech, Logistics, Machine Learning, Open Source, Privacy and Security, SaaS
Assets Managed: $1,040,000,000
 
UK VC Fund - Fund II - $140M
Description: This UK VC fund is focused on the open source, artificial intelligence, data and developer tools being used to build the world's digital foundations.
Company HQ: London, United Kingdom (UK)
Year Founded: 2015       Employees: 11 - 50
Industries: Apps, Artificial Intelligence, Business Intelligence, Cloud Computing, Data and Analytics, Data Storage, Developer APIs, Developer Tools, Enterprise IT, Internet of Things, Machine Learning, Natural Language Processing, Open Source, Payments
Assets Managed: $230,000,000
 
RECENT DEALS
BIG DEAL SPOTLIGHT
 
Description: Kriya Therapeutics is a next-generation gene therapy company focused on designing and developing new treatments for highly prevalent and severe chronic diseases.
Company HQ:  Palo Alto, California,
United States
Year Founded: 2019        Employees: 51 - 100
Industries: Biotechnology, Life Science, Science & Engineering
Total Funding: $451,000,000
 
Neo Financial - Series C - $185M
Description: Neo Financial is a Fintech company that provides members with spending, savings, and rewards programs through partnerships with leading financial institutions.
Company HQ: Calgary, Alberta,
Canada
Year Founded: 2019        Employees: 101 - 250
Industries: Finance, Financial Services, FinTech
Total Funding: $239,000,000
 
Group14 Technologies - Series C - $400M
Description: Group14 Technologies is a battery storage technology company that develops silicon-carbon composite materials for lithium-ion markets.
Company HQ: Woodinville, Washington, United States
Year Founded: 2015         Employees: 51 - 100
 
EARLY STAGE SPOTLIGHT
 
Culina Health - Seed - $4.8M
Description: Culina Health is a personalized nutrition platform powered by registered dieticians to help members fuel a well balanced life.
Company HQ:
Madison, Wisconsin, United States
Year Founded: 2020        Employees: 11 - 50
Industries: Healthcare, Nutrition, Wellness
Total Funding: $4,750,000
 
Zygg - Seed - $4.0M
Description: Zygg is an online subscription electric bike service designed to scale the distribution and service necessary to support a large market.
Company HQ: Toronto, Ontario, Canada
Year Founded: 2020       Employees: 1 - 10
 
Zenbase - Seed - $4.1M
Description: Zenbase,a leader in flexible rent payments, is improving the financial well-being of renters while improving operational efficiency for property managers.
Company HQ: Calgary, Alberta, Canada
Year Founded: 2021        Employees: 1 - 10
Industries: Financial Services, Payments
Total Funding: $4,100,000
 
OUR ECOSYSTEM
PRODUCTS & SERVICES
 
 
Fundraising & B2B Lead Generation
We are a full service venture studio focused on fundraising and B2B lead generation for organizations in the healthcare and technology sector. Our growth experts work closely with startups, investors and service providers looking to take it to the next level with data driven growth strategies and automation. No Noise. Just Results. Guaranteed.

 
 
 
TechTrack for Startups, Investors & Consultants
TechTrack is designed exclusively for technology startups, consultants and investors. Our software allows you to identify prospects for your fundraising or lead generation campaigns and in one click reach out to them with a personalized email, all while integrating our data directly with your existing sales and marketing tools.

 
 
TechTrack for Healthcare & Life Sciences
TechTrack for Healthcare & Life Sciencesis the leading prospecting & business intelligence tool designed for biotech, medtech, diagnostics & digital health. Our software allows you to identify prospects for your fundraising or lead generation campaigns and reach out to them in one click, virtually eliminating manual data entry through automation.

 
Introducing Venture Connect
Venture Connect allows you to maximize your business development and licensing potential. Featuring an easy to use, familiar social interface, our platform is your virtual business development companion. We'll be launching in late 2022 so make sure to get in early before it's too late!
 
 
QUANTUM GROWTH ADVISORS, LLP.
Quantum Growth Advisors
1400-18 King Street E
Toronto, Ontario M5C 1C4
Canada
 
CONTACT US
info@quantumga.com
www.getquantumgrowth.com
www.techtrackdata.com
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