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This Was A Big Year For Fintech, Real Estate, Insurance, And Automation

The methodology, which we’ll detail more below, 1 focuses most heavily on North American startups and attempts to avoid the distortive effects of single supergiant rounds on funding totals.

We ended up focusing on four sectors that are attracting rising funding: Fintech, real estate, insurance and automation.

Companies focused on fintech, banking and mobile payments in North and South America brought in $11.7 billion in 2019, per Crunchbase (see query).

Altogether, those three companies raised nearly $1.2 billion in funding rounds this year alone.

One of the best known upstart banking brands, Chime, pulled in an astonishing $700 million across two mega-rounds this year, pushing its valuation to $5.8 billion.

Insurance is a startup sector that’s been growing steadily for a few years now, and it hit its highest funding levels to date in 2019.

As of mid-December, U.S. companies in the insurance and insuretech categories secured just over $4.75 billion in seed through late stage funding (see query).

A huge wave of seed-stage insurance startups launched three to five years ago, and that’s one of the reasons big financings and investment totals are rising so much.

Clover Health, a provider of health plans for Medicare recipients, closed the largest funding round, a $500 million Series E.

In 2019, U.S. companies in the space pulled in $2.89 billion in known funding, per Crunchbase data.

UiPath, which develops software to automate repetitive tasks for office workers, pulled in $568 million in Series D financing, bringing total funding to date to $1 billion.

For now, though, we’ll end on an optimistic note, observing that while everything was up, automation, real estate, fintech and insurance all posted pretty impressive venture funding tallies.

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