The US had the majority of the global top 10 venture capital (VC) investors in the Internet of Things (IoT) tech space in 2018, according to GlobalData.
The top 10 VC investors included Baidu, Amazon Alexa Fund, Intel Capital, Robert Bosch, Northern Light Venture Capital, Khosla Ventures, Parkwalk Advisors, Andreessen Horowitz, General Catalyst Partners and GV Management.
These investors, put together, took part in 52 funding rounds, which equates to a total proportionate investment value of $350.2m last year.
The total number of investments by these 10 VC firms grew by 89.1% last year as against the average from the period 2014–2017. The total investment value also surged by 145.2%.
Out of the top 10 investors, six were based in the US. China-based Baidu recorded the highest number of investments in the IoT tech space last year. US-based VC firm Andreessen Horowitz led in terms of investment value.
China-based Northern Light Venture Capital recorded the highest growth in the number of investments last year over the 2014–2017 average. US-based Parkwalk Advisors saw the highest growth in investment value last year as against the 2014–2017 average.
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By GlobalDataWith the exception of Intel Capital, all the top 10 VC investors experienced an increase in the number of investments last year as against the 2014-2017 average.
Intel Capital also registered a drop in investment value in 2018 as against the 2014-2017 average investment value.