Here is the December 4th issue of SecureDocs Virtual Data Room's Market Insights By the Numbers. A weekly review of top industry transactions, security news, insights into the SecureDocs Virtual Data Room, and a weekly wrap up of complementary resources, courtesy of SecureDocs. Enjoy!
Fundraising and Transaction News
That's the amount startups received in venture capital funding during the month of November, an astonishing $2B increase from the previous month. [PitchBook]
That's the minimum valuation a privately held company needs in order to join the "Unicorn Club." But the world's 156 Unicorns beware! There's a new word in the startup slag dictionary-"Donkey"! Apparently, a few Unicorns are finding it difficult to keep up, and once they've lost that coveted valuation number, they are, well, given a lesser title. Thus "Donkey Watch" is born. [Silicon Valley Business Journal]
That's the total capital that Greycroft Partners now has under its management. Announcing this week that they have now raised an additional $200M for their fourth, the early-stage fund. [Crunchbase]
That's the amount invested globally into EdTech during 2015, so far. With $1.7B coming from China, it would appear that Chinese investment isn't going anywhere, and despite the market crash and global fears surrounding the slowing of it's economy, some claim that the current economic situation is actually "producing an environment conducive to investment." [GamesandLearning]
That's the number of VTech (a Hong Kong-based toy company) accounts compromised in a recent data breach. The information stolen in the attack happens to include the personally identifiable information of millions of children, including names, birth dates, gender, and even home addresses! All of this could have been prevented if the company had proactively taken measures to store customer information in a secure document repository. [troyhunt.com]
That's how much Target Corp paid as a settlement to the lenders who filed class-action claims of lost money as a result of customer reimbursements for fraudulent charges due to the Minneapolis-based retail giant's 2013 data breach. [Reuters]
That's the amount that cybersecurity startup ThreatConnect is said to have raised this week. Shortly followed a day after by a similar $10.2m raise by ThreatQuotient, and preceded by a $2M raise by Trustar a couple of weeks prior. It's probably safe to say that cybersecurity is top of mind for business, resulting in cybersecurity information-sharing platforms officially catching the eye of the venture capital world. [The Washington Post]
SecureDocs Virtual Data Room Insights
That's the percent of SecureDocs Virtual Data Room users ensuring that there information is secure by utilizing 2 Factor Authentication. Taking the time to add this one step can mean protecting your business from monstrous data breaches, and saving millions of dollars in potential damages-just ask Target.
SecureDocs Weekly Resource Wrap up
November 30: Encryption Conniption
9 Lessons Learned While Raising Venture Capital
This whitepaper discusses how one company successfully raised millions of dollars in venture capital funding, and gives insight into understanding if VC funding is right for your business, how to find investors, and the concept of market validation. (Download Here)