Home Apps & Software Series A Funding in Past Year: US Leads, Followed by UK, India

Series A Funding in Past Year: US Leads, Followed by UK, India

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Series A Funding in Past Year: US Leads, Followed by UK, India

Drake Dukes, the co-founder of Launch Gravity — a knowledge analysis and analytics agency — and his crew have put collectively a listing of 5,000 firm founders who’ve acquired a Series A funding inside final yr. Interestingly, India is positioned third within the listing. The listing is topped by the US with 1,200 corporations receiving Series A funding throughout the previous yr, adopted by the UK (225 corporations) and India (109 corporations). Dukes tweeted that he was prepared to share the listing with everybody in an try to “liberate the data” from the grip of some corporations.

According to Dukes, the highest three sectors receiving essentially the most Series A funding are software program, data expertise, and synthetic intelligence (AI). The notable entrants on this listing are e-commerce at twelfth place, blockchain at twenty first place, and cybersecurity too is getting some consideration on the thirtieth place.

Here’s the breakout country-wise:

He mentioned an organization normally took just a little over 4 years from its founding to get a Series A funding, the primary enterprise capital funding for a startup, and the common complete funding quantity has been round $20.7 million (roughly Rs. 153.53 crores).

Also, a lot of Series A founders have prior expertise of working at prime tech or monetary corporations. Most founders have labored at Google, Microsoft, McKinsey, and Goldman Sachs.

Dukes, a former Fortune 500 consultant-turned-internet entrepreneur, mentioned the Series A corporations have gotten a price range and they’re “hiring like crazy.” In case anybody desires to attach with them, he has provided to share the founders’ emails and their Twitter handles.

His firm, Gravity, describes itself as a agency that helps “you make sense out of data.” It says the crew members are passionate knowledge, gross sales, and advertising professionals who like to design, code, and discover the boundaries of expertise and creativity.


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