Mega-rounds drive renewed VC interest in US fintech
November 3, 2017
After a lull in 2016, the US fintech industry may set a record this year. Partly due to mega-rounds, such as SoFi's $500 million fundraise in February,
VC investment in the US fintech space is on track to hit $7.58 billion in 2017, per the PitchBook Platform.
That would eclipse the previous high set in 2015, when investors spread $7.46 billion across nearly 600 deals in the industry. Last year, that number dropped off dramatically with roughly $5.4 billion invested.
Here's a closer look at venture capital invested in the US fintech space since 2010:
Much of the money VCs have funneled into fintech in 2017 has come in the form of massive fundraisings. Since the beginning of this year, 10 US fintech startups have pulled in rounds of $100 million or more. All valuations listed below are at the time of the company's most recent venture financing; the list is ranked by round amount:
PitchBook Platform users can view the full data for VC invested in the US fintech space.