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Top 10: software, internet content, and biotech dominate venture deals in February

Across the biggest venture investment sectors in February 2018, deal count dropped while equity invested jumped compared to the same period the year before, according to VCJ’s analysis of preliminary data from Thomson Reuters.

In February 2018, there were 224 venture deals with U.S.-based companies totaling $5.6 billion. The biggest share of those companies were in the software industry, followed by internet content, human biotechnology, and turnkey integrated systems and solutions, according to Thomson Reuters.

In the first four of those sectors, deal count dropped as equity invested increased.

The software sector saw 82 deals in February 2018 and $1.3 billion invested, compared to 139 deals and $1.1 billion invested in the same month the year before. San Francisco-based Collective Health, which offers a cloud-based health benefits platform, was the biggest deal, raising $110 million from investors including Founders Fund, GV Management, New Enterprise Associates and the Mubadala Investment Company.

In the ecommerce sector, deal count dropped to 27 in February 2018 from 40 in 2017 while equity increased to $604.4 million up from $269.9 million. San Francisco-based Instacart, a grocery and home essential delivery company, raised $200 million from Coatue Management and Glade Brook Capital.

Internet content companies saw deal count drop to 18 in February 2018 compared to 25 in 2017, and equity increase to $138.2 million from $81.7 million. Chicago-based FourKites, a supply chain visibility platform for tracking freight, raised $35 million from investors including August Capital, Bain Capital Venture Partners and Hyde Park Venture Partners.

And in the human biotechnology sector, deal count dropped to 14 from 31, while equity invested increased to $1.8 billion from $1.3 billion. San Francisco-based Moderna Therapeutics, which develops messenger RNA therapeutics, raised $500 million from EDB Investments, Sequoia Capital, the Abu Dhabi Investment Authority, Alexandria Venture Investments and ArrowMark Partners.

Among the industries to see the most venture deals in February 2018, the turnkey integrated systems and solutions sectors was the only one to see deal count increase compared to the year before. It saw six deals in February, up from five the year before. Equity increased to $122.6 million from $7.4 million.

Most of that funding went to New York-based Pollen, which helps small online retailers acquire new users. The company raised $100 million from investors including Mithril Capital Management, Temasek Holdings, Union Square Ventures, Allianz X GmbH, and the Mubadala Investment Company‘s VC Arm.

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

Download Data:

Top 10 U.S.-based internet content deals

Top 10 U.S.-based ecommerce deals

Top 10 U.S.-based computer software deals

Top 10 U.S.-based biotech deals

Top 10 U.S.-based turnkey solutions deals

Photo of businessperson writing Top 10 courtesy of 3283197d_273/iStock/Getty Images.