Iot startups

Internet of Things Q2 Funding Update

The pandemic and resulting economic toll has presented challenging headwinds for startups. In this post we look back on Q2 ending funding trends for IoT startups to determine the trajectory of innovation in this emerging technology sector.

IoT Q1 2020 Exit Activity

The below chart summarizes IoT year-to-date exit activity compared to last year. There were 11 exits in Q1 2020, which is a 35% drop from Q1 2019. A quarter of the way through 2020, and we are at 22% of the 2019 full-year exit activity.

IoT Q1 2020 Funding

The below chart summarizes IoT year-to-date funding compared to last year. As you can see, Q1 2020 funding closed at $4.7B, which is a 15% increase from Q1 2019. A quarter of the way through 2020, and we are at 28% of the 2019 full-year funding amount.

IoT 2019 Exit Activity Increased

As part of our research process, we track and analyze exit developments within the sector. The below chart shows IoT exit activity over time. As you can see, IoT exit activity increased from 2015 through 2017, and then dropped in 2018 before rebounding in 2019 to 50 exits.

Internet of Things (IoT) Market Overview - Q4 2016

Making Sense of the IoT Ecosystem

At this time, we are tracking 1010 Internet of Things (IoT) companies across 16 categories, with a combined funding amount of $14.3B. These are companies and categories that involve anything and everything that is IoT. To see the full list of 1010 Internet of Things companies, contact us using the form on www.venturescanner.com.