Startups Weekly: US companies raised $30B in Q1 2019

By Kate Clark

Let’s start this week’s newsletter with some data. Nationally, startups pulled in $30.8 billion in the first quarter of 2019, up 22 percent year-on-year, according to Crunchbase’s latest deal round-up. As investors move downstream and startups opt to stay private longer and longer, we’ll continue to see a greater pick up in mega rounds.

The 20-Min Term Sheet

Alternative financier Clearbanc says it will invest $1 billion in 2,000 e-commerce startups in 2019. Here’s the catch: Until the companies have paid back 106 percent of Clearbanc’s investment, Clearbanc takes a percentage of their revenues every month. Clearbanc’s goal is to help companies preserve equity, favoring a revenue share model rather than the traditional VC model, which eats equity in startups in exchange for capital. I spoke to Clearbanc co-founder Michele Romanow to learn more about Clearbanc’s attempt to disrupt venture capital.

Startup capital

  • Home buying and selling platform Perch raises $220M in debt and equity
  • Online catering marketplace ezCater gets $150M at a $1.2B valuation
  • Parker Conrad’s Rippling raises $45M
  • Tonal raises $45M to bring strength training to living rooms
  • Elvie raises $42M to become the go-to destination for women’s health
  • NextGen Jane gets $9M to fight endometriosis
  • Good Dog raises $6.7M to help you find a pup



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