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there - Here's your monthly guide to the world of VC, PE and M&A from our proprietary database.
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TECHTRACK MONTHLY
 
FEBRUARY 2023
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
3.0K+


FUNDING ROUNDS
1.0K+


EXITS
11K+


ORGANIZATIONS ADDED
FUNDING ROUNDS
Total deals in January were up compared to the previous month, but remain much lower year-over-year. Overall, there were over 3.0k funding rounds captured by TechTrack. Here's a breakdown of all things big and small in the world of startups & VC:

  • There were 3,038 deals in January, compared to 2,865 in December, an increase of 6%.
  • Early stage funding was up in January with 648 deals announced compared to 600 in December, an increase of 8%.
  • Expansion stage funding was slightly lower in January with 399 deals announced compared to 411 in December, a decrease of 3%.
  • In January 2023, overall deals were down 45% while the average deal size was up 48% compared to January 2022. Although Post-IPO transactions were the only funding types that saw more deals close y-o-y, seed and pre-seed deals were up 9% and 35% m-o-m.

M&A ACTIVITY
M&A deals were up in January, with over 1,000 acquisitions captured by TechTrack. Here's a summary of Mergers & Acquisitions activity:

  • There were 1,047 acquisitions in January, an increase of of 10% compared to December.
  • M&A activity has declined with 3,122 acquisitions announced in the last three months, a decrease of 29% compared to the same period last year.
  • Overall, that brings the total number of Mergers & Acquisitions over the last 12 months to 13,478, a decrease of 16% compared to the preceding 12 months where there were 16,043 acquisitions.
INVESTOR SPOTLIGHT
HEALTHCARE & LIFE SCIENCES
 
US VC Fund - Fund XVIII - $6.2B
Description: This technology and healthcare focused VC firm raised over $6B across 2 funds - an early stage focused fund and a growth equity fund.
Company HQ: Menlo Park, California
, United States
Year Founded: 1977        Employees: 251 - 500
Primary Industries: Artificial Intelligence, Bioinformatics, Biopharma, Biotechnology, Blockchain, CleanTech, Clinical Trials, Health Care, Healthcare IT, Information Technology, Life Science, Medical Device, Nanotechnology, Pharmaceutical, Therapeutics
Assets Managed: $26,400,000,000
 
US VC Fund - Fund III - $2.1B
Description: This US VC firm's latest fund is focused on global growth investments in enterprise, fintech, and healthcare tech sectors.
Company HQ: Manhattan Beach, California, United States
Year Founded: 2015        Employees: 101 - 250
Primary Industries: B2B, Apps, Biotechnology, CleanTech, Enterprise IT, Financial Services, FinTech, Health Care, Health Diagnostics, Healthcare IT, Internet of Things, Medical Device, mHealth, Mobile, Personal Health, Pharmaceutical, SaaS, Wearables, Wellness
Assets Managed: $5,020,000,000
 
US VC Fund - Fund II - $100M
Description: This US VC firm established a corporate venture capital fund with a major Japanese chemicals, materials science, and life science company to support corporate innovation.
Company HQ: San Jose, California, United States
Year Founded: 2011        Employees: 51 - 100
Industries: Advanced Materials, Agriculture and Farming, Biotechnology, Genetics, Health Care, Health Diagnostics, Healthcare IT,
Life Science, Medical Device, Pharmaceutical, SaaS, Science and Engineering, Software, Therapeutics
Assets Managed: $150,000,000
 
SOFTWARE & TECHNOLOGY
 
Canada VC Fund - Fund III - $466M
Description: This Canadian VC firm has partnered with a major Canadian bank to launch a fund focused on software firms in cybersecurity, social engagement, and industrial automation.
Company HQ: Toronto,
Ontario, Canada
Year Founded: 2008        Employees: 101 - 250
Industries: Banking, Business Intelligence, Communities, Cyber Security, Digital Marketing, E-Commerce Platforms, Enterprise IT, Industrial, Industrial Automation
, Logistics, Network Security, Online Forums, Privacy and Security, Software
Assets Managed: $1,980,000,000

 
US VC Fund - Fund III - $100M
Description: This US VC firm invests in early stage founders that are transforming the intersection of sports, technology, and media.
Company HQ: New York, New York, United States
Year Founded: 2014        Employees: 11 - 50
Industries:
Analytics, Broadcasting, Content, Digital Entertainment , Enterprise IT, eSports, Fantasy Sports, Fitness, Gambling, Internet, Media and Entertainment, Online Games, Retail Technology, SaaS, Software, Sports, Video Games
Assets Managed: $135,000,000
 
US VC Fund - Fund IV - $140M
Description: This US VC firm invests in seed stage digital startups who are building products that re-imagine work and personal life in large and growing markets.
Company HQ: Palo Alto, California, United States
Year Founded: 2012       Employees: 11 - 50
Industries: Advertising, Apps, CleanTech, Consumer, Developer Tools, EdTech, Enterprise, FinTech, Health Care, Marketing, Professional Services, SaaS, Sales and Marketing, Science and Engineering, Small and Medium Businesses, Virtual Workforce

Assets Managed: $188,000,000
 
RECENT DEALS
BIG DEAL SPOTLIGHT
 
Description: Colossal creates disruptive technologies for extinct species restoration, critically endangered species protection, and repopulation of critical ecosystems.
Company HQ:  Dallas
, Texas, United States
Year Founded: 2021        Employees: 51 - 250
Industries: Artificial Intelligence, Biotechnology, Healthcare, Life Science
Total Funding: $210,000,000
 
Alleviant Medical - Venture - $75M
Description: Alleviant Medical focuses on developing a minimally-invasive medical device to treat congestive heart failure.
Company HQ: Houston
, Texas, United States
Year Founded: 2017        Employees: 1 - 10
 
Oxbotica - Series C - $140M
Description: Oxbotica is developing the next generation of autonomous vehicles - creating the software that makes them go.
Company HQ: Oxford
, United Kingdom (UK)
Year Founded: 2014         Employees: 101 - 250
 
EARLY STAGE SPOTLIGHT
 
TBD Health - Seed - $4.4M
Description: TBD Health makes at-home STD/STI screening kits that are accurate, easy to use, and built for women.
Company HQ:
New York, New York, United States
Year Founded: 2020        Employees: 1 - 10
Industries: Healthcare, Wellness
Total Funding: $4,400,000
 
Keyzy - Seed - £3.0M
Description: Keyzy is a rent-to-own FinTech/PropTech company helping young professionals and first-time buyers to unlock home ownership.
Company HQ: London, United Kingdom (UK)
Year Founded: 2021       Employees: 1 - 10
Industries: Financial Services, FinTech, Real Estate
Total Funding: £3,000,000
 
Starling Medical - Seed - $3.4M
Description: Starling Medical is bringing the future of proactive home-based healthcare system to patients through continuous at home urinary diagnostics.
Company HQ: Houston, Texas, United States

Year Founded: 2019        Employees: 1 - 10
Industries: Healthcare, Healthcare Services
Total Funding: $3,400,000
 
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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
 
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info@quantumga.com
www.getquantumgrowth.com
www.techtrackdata.com
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