Startups Weekly: 2019 VC spending may eclipse 2018 record

Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy startups & venture capital news. Before I jump into today’s topic, let’s catch up a bit. Last week, I struggled to understand WeWork’s growth trajectory. Before that, I noted some thoughts on scooter companies’ struggle to raise new cash.
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Startups Weekly: 2019 VC spending may eclipse 2018 record

What’s on my mind this week? Data. Now that it’s July, I figured it was time for a VC investment data check-in. How much have VCs invested so far this year? Are they finally investing more in female founders? I’ve got answers. (Data source: PitchBook)

So far in 2019, VCs have invested $62 billion in U.S. startups. This puts investors on pace to dole out more than $120 billion this year, surpassing last year’s all-time high of $117 billion.

Around the world, VCs have invested a total of $104 billion in 2019. Last year, investment soared to $251 billion. We’re unlikely to observe a global record of VC investment this year.

Here’s the best news of all: Companies founded solely by women have secured a record 3% of the total capital invested in VC-backed startups in the U.S. this year: “Capital invested crossed the $1 billion mark for female-founded startups in 1Q 2019—the highest ever for any quarter to date. And out of roughly 300 VC deals for companies led solely by women, four of those businesses have reached unicorn status so far this year. That number includes online luxury reseller The RealReal, which debuted on the NASDAQ in a high-profile exit last month,” – PitchBook.

Startups Weekly: 2019 VC spending may eclipse 2018 record

Startup Capital:
Pod Foods gets VC backing to reinvent grocery distribution

DotLab gets $10M to bring endometriosis test to market 

Waresix hauls in $14.5M to digitize logistics in Indonesia 

Calm gets $27M for its meditation app

Mobi nabs $50M for its new broadcast service
Long Reads:
There were so many deep dives this week on TechCrunch ranging from Jony Ive’s influence on Apple written by TechCrunch editor-in-chief Matthew Panzarino, a look at the intense backlash on Superhuman and whether its justified, plus my own look at Fin’s pivot to enterprise analytics platform. Here are the ones I recommend clicking:
Higher Ground Labs is betting tech can help sway the 2020 elections by Jon Shieber 

Superbacklash by Matthew Panzarino 

From Seed to Series A: Scaling a startup in Latin America by Nathan Lustig

Andrew Kortina and Sam Lessin on Fin’s workplace pivot by Kate Clark

Apple sans Ive by Matthew Panzarino
Funds:, an early-stage global fund, brought in a fresh $400 million this week, Sony announced a new $185 million fund and…

Filing scoop: @lancearmstrong's Next Ventures plans to raise $75M for its debut fund to invest in sports, fitness, nutrition and wellness startups:
— Kate Clark (@KateClarkTweets) July 5, 2019
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