Food Services Gobble Venture CapitalJuly 29, 2015
Venture investors have gotten themselves quite an appetite. They invested $418.4 million into a dozen restaurant and food-service startups in the second quarter of this year, more than in any other similar period since 1992, when Dow Jones VentureSource began keeping records, Yuliya Chernova reports for Dow Jones VentureWire. The second-largest quarter by both total invested and the number of deals was the second quarter of last year, when seven food startups raised $145.7 million. In all of last year, food startups raised $215 million. That marked a resurgence of the sector that was previously attracting venture investors in any significant amounts only back in the late 1990s.
ALSO IN TODAY’S VENTUREWIRE (subscription required):
Golden Gate Ventures has raised a second fund, closing $50 million to back startups selling technology and services throughout the Southeast Asian market, VentureWire has learned.
Online lending startups are filling niche after niche of the financial landscape, and short-term loans to small businesses is the one that Behalf is going after. The startup just received $119 million in commitments, including equity and a credit facility, to expand its business, the lender told VentureWire.
When Carl Waldekranz started Tictail in 2012, it was to help his mom more easily sell her custom porcelain designs online. Since then, the Stockholm-based startup has evolved from providing a do-it-yourself storefront and has raised $22 million from investors who believe the startup could do for fashion designers and artists what Etsy has done for craftspeople.
G2 Crowd has raised $7 million to build a repository of crowdsourced reviews of business software so that buyers have better information on what to buy.
(VentureWire is a daily newsletter with comprehensive analysis of all the investments, deals and personnel moves involving startups and their venture backers. For a two-week trial, visit http://on.wsj.com/DJPEVCNews, scroll to the bottom and click “try for free.”)
ELSEWHERE AROUND THE WEB:
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