Last week, The New York Times reported that the immutable software behemoth is suing the Justice Department over its frequent use of gag orders. These directives prevent parties like Microsoft form informing their users when the government obtains a warrant to read emails.
“This event was off the charts”
Gary Vaynerchuk was so impressed with TNW Conference 2016 he paused mid-talk to applaud us.
In other (completely unrelated) news, digital marketing on social media is hard. For some companies that predate the digital-natives era, etiquette is still an elusive concept. KFC made a gaff last week by posting an ill-advised NSFW advert on Twitter. It was promptly deleted within an hour.
At Index we gather tech coverage into one platform for tech enthusiasts to keep up with the news and access that data. In this series, we fill you in at the start of every week on what’s been happening in Tech.
The overall picture
Last week, Index logged 222 funding events from 28 different countries. The top 10 countries from North America and Europe in terms of number of rounds can be seen below:
This week in North America there were 118 investments made at a total of $1.72 billion in capital deployment. The biggest round hauled in by a startup went to Affirm, the San Francisco based fintech company. It received a $100 million Series D round led by Founder’s Fund. Check out the breakdown in series in North America below:
Europe saw 45 funding rounds for a total of $374 million. Lausanne based real-time analytics company Nexthink raised the biggest round with a $40 million Series E. Below you can see the breakdown of rounds for the week.
A look back
In this section we look back at the past eight weeks of investment activity. We compare Angel, Seed, and Series A rounds in both regions. The charts show the fluctuations in average capital volume of the rounds.
Last week’s must-reads
Alibaba to Invest $1 Billion in E-Commerce Startup Lazada [The Wall Street Journal]
Over the Weekend
Tune in next week for another update on the state of tech. If you can’t wait that long, consider signing up to the Index.co newsletter to get the week’s hottest tech news straight in your inbox!