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22 Dec

2017: VC deals of the year

Presenting the largest VC deals of this year, it’s important to mention China’s highlighting as a leader in the industry. Specifically, five of the ten largest VC investments took place in firms located in the Asian country.

Here is a look at the five largetst VC deals of 2017.

  1. Didi Chuxing received $5.5bn investment in late-stage financing ($50 billion estimated valuation). The biggest part of the investment for the Chinese ridehailing company was from Softbank.
  2. Meituan Dianping received $4bn in Series C Capital Round ($30 billion estimated valuation). Tencent, IDG Capital and Sequoia were major backers in the deal. The company provides an ecommerce platform for a range of products and services, including food delivery and restaurant booking.
  3. We work raised $3 billion in late-stage financing in August ($21 billion valuation). This is anothrt big deal for Softbank, which invested $3 billion into WeWork’s parent company (plus an additional $1.4 billion into entities in China, Japan and Southeast Asia & Korea). Following the massive round, the New York-based co-working giant went on a bit of an acquisition spree, buying up coding bootcamp Flatiron School, wave pool company Wavegarden and a few other companies.
  4. Toutiao raised $2 billion late-stage round in August ($20 billion estimated valuation). Before the provider of a Chinese news aggregation app raised its $2 billion round, it secured $1 billion in April, a funding that generated a unicorn valuation for the company. Based in Beijing, Toutiao is backed by Sequoia and DST Global founder Yuri Milner, among others.
  5. Lyft received $1.5 billion late-stage round in December ($11.5 billion valuation). Lyft is the second ridehailing company to make the list of the top global VC deals of 2017.

 

Source: Pitchbook, 2017

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