held the top spot in terms of investment dollars in 2019 but did not rank in the top five for deal numbers. This is a result of the capital intensive nature of the investments.
remained the leader in number of deals despite the moderate industry slowdown near the end of 2019. These investments include crypto focused companies. Although funding for FinTech was number five in terms of investment dollars, these numbers signify an interest in the industry and that investors like to enter early.
took second place in terms of funding value (17%) and deals (10%). As the industry continues to grow globally and key players continue to make acquisitions, this is an interesting market to watch. These numbers are bolstered by a $6.2M seed round investment in e-commerce wholesale food and grocery marketplace, MaxAB.
Delivery and Transport
realized large growth in investment dollars with 10% growth from 2018. This mimics trends from US investments as delivery startups continue to compete for the expanding market.