U.S. Startup Funding on Pace for Another Big Quarter, $530 Million Deployed Just Two Days Into September

This post is part of our Startup Funding Benchmarking Series exploring the allocation, concentration, and macro trends in the financing of high growth startups.


Despite a volatile start to September in public markets, private company funding announcements have started off the month extremely strong with more than half a billion dollars already committed to U.S. companies across 28 rounds announced in the first two days of the month. The three largest deals were $120 million for Tanium from TPG Capital and IVP, $108 million for Apttus led by Iconiq Capital, and $70 million for Intellia Therapeutics led by OrbiMed HealthCare Fund Management.

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With 21 business days in September (excluding next week’s Monday holiday) this puts the overall market on pace to deploy $5.5 Billion this month, and puts startup funding on pace for the second largest quarter of capital deployment of the past 5 years. We have adjusted Q3 pace upward by $300M from yesterday’s estimate to reflect this strong early momentum:

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© Mattermark 2017. Sources: Mattermark Research, Crunchbase, AngelList.
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