VCs got lazy in the final month of the summer, committing nearly $4.5 billion in capital in 558 August venture deals. In comparison to the $7 billion invested in July and $8.4 billion in June, it seems investors have finally taken a break to enjoy the dog days of summer.
Investments spiked in the final week of the month, however, with Wednesday fundings alone totaling nearly $600 million. Massive rounds announced on Wednesday include storage infrastructure provider Nutanix’s $140 million Series E round, online tech training service Pluralsight’s new $135 million round, and Taiwanese music streaming service KKBOX’s $104 million Series B round.
Kimora Lee Simmons’ fashion site JustFab joined the $1 billion club this week, while both Pluralsight and Jessica Alba’s eco-friendly products startup The Honest Company just missed with valuations approaching $1 billion. Time to update the list again.
Participation in the Pluralsight funding was enough to boost Insight Venture Partners and ICONIQ Capital onto the monthly Investor Leaderboard, capturing the 7th and 8th spots in terms of total amount invested in August.