Mary Meeker published her annual Internet Trends report last week and made headlines on a number of fronts. Perhaps most controversial is her point that we are not in a bubble – quite the contrary. To prove her point, she made the comparison to the “real” bubble of the late 1990’s and early 2000’s and found that VC’s invested less in 2013. The investment volume in USA technology companies in 2013 was 77% below 2000 peak levels. Furthermore the number of USA technology companies that are receiving venture financing was 50% less than the number of tech companies that received financing in 2000.
Meeker also pointed out that the number of technology IPOs in 2013 was much lower than in 2000. The peak of IPO filings by technology companies was in 1999, with 310 US companies filing. In 2013 there were 41 companies that filed for an IPO in the technology sector.
Meeker’s points go well beyond B2B payments but are interesting nonetheless in helping us calibrate levels and types of investment spend in the sector. Here’s what happened last month.
There were more investments in the month of May in companies focused on big data and analytics than previous months.
According to PYMNTS.com analysis, a total of $523.87 million was invested in B2B payments across a variety of segments – lending, procurement, billing and invoicing, data and business analytics. Here’s who invested what in whom.
May 8– Seattle-based LiquidPlanner, a Seattle-based provider of priority-based, predictive project management solutions, has raised $8 million in Series B funding from TVC Capital. The funding will help the company to penetrate the burgeoning enterprise Project Portfolio Management (PPM) market.
May 8 – New York based Flatiron Health, a developer of a cloud platform for oncology clinical, practice management and billing data, has raised $130 million in Series B funding. Google Ventures led the round, and was joined by fellow return backers First Round Capital and LabCorp. Flatiron has agreed to acquire electronic medical record system maker Altos Solutions Inc.
May 12 – Californian based Colabo, a provider of B2B sales acceleration solutions, has raised $1.5 million in VC funding from The Hive, Paul Maritz, Raghu Raghuram and Ray Rothrock.
May 13 – San Francisco based Anaplan, a provider of modeling and planning solutions for finance and operations, raised $100 million in Series D funding. DFJ Growth led the round, and was joined by Brookside Capital, Coatue Management, Sands Capital Management, Workday and return backers Granite Ventures, Meritech Capital Partners, salesforce.com and Shasta Ventures.
May 13 –New York based, Boxed, a wholesale mobile app, raised $6.5 million to work on becoming the dominant online seller of bulk goods, challenging Costco. Shipping rates will be less than Amazon Prime. The round was lead by Greycroft Ventures, to spend on increasing their inventory, improving logistics and marketing.
May 16 – San Francisco based OLSET, uses big data to automatically match travelers to hotels, to be used especially for the business travel market. OLSET enables productivity app providers and travel providers to plug in to the technology to complete bookings, drastically reducing time spent on bookings. The company raised $1.1 million in Seed funding led by investors including Montage Ventures, Digital Garage and 500 Startups and will launch new features, partnerships and a new website.
May 19 – San Francisco based 6Sense, a predictive intelligence engine for B2B companies raised $12 million in Series A equity and debit funding. The round was lead by Battery Ventures and Venrock, with participating from Silicon Valley Bank.
May 27 – Green Bay, Wisconsin based Aver Informatics raised $8.5 million in Series A funding led by Drive Capital and GE Ventures. The company sells software that it packages into “episodic bundles,” which are designed to simplify the payment process. It will then generate a bill for the entire process of treating a health condition, instead of producing a separate charge for each step in the process.
May 27 – Raleigh-Durham, North Carolina based PatientPay, an innovator in cloud-base patient billing and payment services, announced it has secured a $2.5 million investment which was led by Mosaik Partners, a leading venture capital firm focused on commerce-enabling technology companies. With the closing of this Series “A” round of fundraising, PatientPay has attained a total of $6 million in invested capital.
May 6 – Singapore- and Pune-based Anchanto, a startup that provides warehousing, fulfillment, & web store technologies for brick and mortar retailers. The services are intended to help customers build scalable mobile and e-commerce channels. The company raised an undisclosed amount of funding in its Series A round of funding led by Singapore-based early stage investor Innosight Ventures. Other investors that also participated in the round included Cub Capital, Scott Anthony and Akshay Mehra.