Startup Database Blog

With technology focused on very different use cases, from cancer fighting to easier parking, here are three interesting tech and biotech startups that recently received funding, along with another company that wants to make your life more well travelled, while still keeping your job.

1.) Nkarta Therapeutics raised $114 Million in a Series B Financing to advance multiple programs into clinical trials. Nkarta is focused on leveraging the natural potent power of NK cells (natural killer cells) to identify and kill abnormal cells. The company is combining its NK expansion platform technology with proprietary cell engineering technologies to generate an abundant supply of NK cells,  as well improve NK recognition of tumor targets and persistence for sustained activity in the body for the treatment of cancer.

If your company sells to startups, one of the biggest, most common challenges you've probably run into is simply a lack of capital on behalf of the startup to purchase your product or service. 42% of salespeople say prospecting is the hardest part of the sales process and lack of budget at a target company is certainly one of the reasons why. How frustrating it is to go through a sales process only to find out that despite your best qualification efforts, the company really just didn't have the money to buy.

We analyzed the 4,800+ funding rounds in the U.S. year to date of greater than or equal to $100k. Here are some interesting startup data points from 2019:

The results are in for the top U.S. cities for funded startups over the first half of 2019. See which cities lead the pack in terms of total amount funded, number of funded startups, average deal size and money invested per capita, for the first half of 2019.

The average Series A round of financing in the U.S. has climbed  to $12.5 million through the first six months of 2019 - that's up 20% in one year and a new record high.

With over 320 Series A rounds reported so far in the U.S. for 2019, the continuation of supersized Series A rounds, plus a much larger than average round size found in biotech and pharmaceutical companies, has helped push the average Series A steadily higher.

We've also analyzed data on which cities are getting the most funding by both total investment (all round types), number of $100k plus deals, funding per capita and average deal size per city:

Top U.S. City for Total VC investment: San Francisco, California

In aggregated venture funding year to date, San Francisco continues to lead other cities by quite a margin, with over $4.8 billion pouring into startups so far in 2019. New York and San Diego take the remaining top three spots, with over $2.8 billion and $869 million invested in startups in these cities. These numbers also only include what's been reported via non-amended filings, YTD.

Top U.S. City for Number of >$100k deals: New York, New York

When we analyze deals per city we see some change to this tip three order. New York City leads the pack here, with over 320 >$100k rounds reported in filings, while San Francisco comes in #2 at around 160 funding rounds. San Diego takes the third spot with 88.

Top U.S. City for VC Funding Per Capita: Cambridge, Massachusetts

Looking at VC spending per capita, three cities have a commanding lead over all the rest. While San Francisco still takes a top three position with $5,434 per capita, Cambridge, MA takes the #1 spot with $6,369 per person in VC funding for the the first half of 2019. The number three position is held by San Mateo, CA, with $4,606 per person in funding. 

Top U.S. City for VC Funding Deal Size: San Francisco, California

The Golden State takes the trifecta here. Excluding under $100k deals, San Francisco comes in at an average round size of an amazing $30 million, while San Mateo takes the silver with $19.3 million. San Diego isn't too shabby either, the number three position averages $16.5 million per funding round.

Here you can find some more facts on VC funding by City in 2019.

Topic: Series A Funding

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In funding news, the average Series A funding round has jumped to $11.78 million in the U.S. for the week ending 4/27, according to the most recent Series A Funding Trends report from Fundz.

With the two cities of Boston and Cambridge leading the way, Massachusetts is closing in on #2 New York in total Series A and other funding rounds year to date.

Fundz yesterday released a 2019 funding trends report which shows the level of venture capital funding so far in 2019 by state and industry, as well as the top funding rounds year to date.

In venture capital funding news, the following bubble map shows total seed & VC funding by U.S. city in 2018.

Fundz Pro customers can see all the fundings per city as they are filed, get real-time alerts of new fundings, as well as export lists of recently funded companies. Here is an example CSV download.