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Top 10: deal count rises for ecommerce, biotech, and transportation sectors in March

In most of the the biggest investment sectors during March 2018, equity and deal count increased compared with the same period the year before, according to VCJ’s analysis of preliminary data from Thomson Reuters.

During the month, there were 375 venture deals with U.S.-based companies totaling $7.5 billion. The largest swath of those deals were in the software sector, followed by ecommerce, human biotechnology, internet content and transportation, according to Thomson Reuters.

Only the software and internet content sectors saw a drop in deal count, while only the ecommerce sector saw a drop in equity.

The software sector saw 130 deals raise $1.7 billion invested in March 2018, compared with 161 deals and $1.3 billion invested in the same month the year before.

New York-based UiPath, which provides a software platform for automating business processes, was the sector’s biggest deal. The company raised $153 million from such investors as Accel Partners, Credo Ventures, Earlybird Venture Capital, Kleiner Perkins Caufield & Byers, Seedcamp Investments and CapitalG.

In the ecommerce sector, deal count rose to 43 and invested equity dropped to $739.3 million, compared with 40 deals in March 2017 and $1.6 billion invested. Licensed insurance carrier Lemonade raised $120.1 million from an undisclosed investor, according to Thomson Reuters data.

The human biotechnology sector saw an increase in deal count and equity, with 35 deals and $1.3 billion raised, compared with 32 deals and $540.6 million raised in March 2017.

Cambridge-based pharmaceutical company TCR2 Therapeutics raised $125 million from Luxin Venture Capital Group, Mirae Asset Venture Investment, MPM Capital, Hillhouse Capital Management, Leerink Capital Partners, Alexandria Venture Investments, Syno Capital, ArrowMark Partners, 6 Dimensions Capital, Curative Ventures and F2 Ventures.

The internet content sector saw deal count drop to 32 and invested equity increase to $1.1 billion from the year before, when there were 33 deals and $375.6 billion invested. Food delivery company DoorDash raised the lion’s share of the equity, $535 million, from GIC Special Investments, Sequoia Capital and SoftBank.

The transportation sector saw deal count and equity increase in March 2018, to nine deals and $241 million compared to four deals and $126.6 million the year before. Dockless electric scooter company Bird Rides raised $94.8 million from Upfront Ventures, Index Ventures, Valor Equity Partners, Goldcrest Investments, and Tusk Strategies.

Below are the top deals in each of the five sectors that saw the most venture deals in March 2018.

To Download the Excel files for a list of details, click on the links below:

Top 10 U.S. based biotech deals

Top 10 U.S. based ecommerce deals

Top 10 U.S. based internet content deals

Top 10 U.S. based software deals

Top 10 U.S. based transportation deals

Photo of businessperson holding top 10 sign courtesy of SIphotography/iStock/Getty Images.