The Investment Landscape in the New For-Now
It’s an odd time in the industry, to put it mildly. World economies have certainly been challenged (again, to put it mildly). Still, Crunchbase reported that “Despite the turmoil of an ongoing pandemic, global venture funding for the second quarter of 2020 was not as dire as we expected, but it was down from previous years.” Specifically, it was down 7% from the first half of 2019.
According to CNBC the First half of 2020 sees 30% drop in startup deals; seed funding falls 40%. The big winners in overall funding: fintech, health tech and long-time also-ran edtech.
We live in strange times, again to put it very mildly. After all, Meditation app Meditopia raised $15m funding round. “Mobile analytics firm Sensor Tower reckons that the top 10 meditation apps generated $195m of user spending in 2019 – and that was before a global pandemic created a new spike in their popularity.”