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Top 10: Venture deals drop while equity jumps in January

The number of venture investments into U.S.-based companies dropped in January 2018 compared with the same month a year before, while the overall equity invested more than doubled, according to VCJ’s analysis of preliminary data from Thomson Reuters.

In January 2018, there were 312 venture capital deals with U.S.-based companies, with $8.2 billion invested, compared to 384 deals in January 2017 with just under $4 billion invested.

In the healthcare sector, the number of investments dropped to 62 in January 2018, down from 95 in January 2017. But equity invested jumped from $1.3 billion to $1.8 billion. The largest healthcare deal in January 2018 was Menlo Park, California-based early cancer detection company Grail, which raised $300.6 million from Arch Venture Partners, Column Group, Decheng Capital and Kleiner Perkins Caufield & Byers.

The same story played out in the information technology sector, which saw 202 deals in January 2018, down from 238 deals in the same month a year before. But equity invested shot up to $4.8 billion, compared with $2.3 billion the year before. Much of that equity came from a single deal: Uber Technologies added $1.25 billion to its war chest from investors including Sequoia Capital and SoftBank Group Corp. That deal, initially announced in late December and closed in January, was also the largest overall single deal across all sectors last month, according to Thomson Reuters.

In the cleantech sector, however, both deal count and equity dropped in January 2018 compared with the same period a year before. There were just six deals and $110.8 million invested, compared with eight deals and $180.3 million invested in January 2017. Millbrae, California-based Stem, which provides distributed storage technology to optimize enterprise energy consumption, raised $80 million from Element Management, Ontario Teachers Union and Temasek Holdings, according to Thomson Reuters.

And in the security sector, the number of deals dropped to nine from 13 a year before, while equity dropped to $124.8 million, down from $210.7 million. The sector’s biggest deal was Redwood City, California-based Anomali, which allows businesses to integrate their security products. The company raised $40 million from General Catalyst Partners, GV, IVP, Lumia Capital, Paladin Capital Management, Sozo Ventures and Deutsche Telekom Capital Partners.

Below are the top deals in the healthcare, IT, cleantech, and security sector for January 2018.

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Top 10 Information Technology.From January 2018

Top 10 Healthcare.From January 2018

Top 10 Cleantech.From January 2018

Top 10 Security.From January 2018

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