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Which 2 startups collectively raised over a quarter of a billion in October?

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From Chinese loan comparison site Rong360, to cloud based commerce solutions, October was an interesting month for VCs. The 50 top deals are here.


Every month at StrategyEye we analyze the top venture capital deals. Here’s the result of our analysis in an infographic of the 50 top startup investments in October.

With $2.2bn spent across the top 50 deals, VC activity has taken a slight dip from September’s gargantuan $3.6bn figure.

Mega-financing deals (funding rounds over $100m) can be held accountable for the massive numbers we’ve seen as of late, of which there were 5 in October, half of the 10 in September.

And coming in first is Chinese lending comparison site Rong360.

10% of the 715 million (and counting) Chinese netizens use online banking services now, and with thousands on offer, the site simplifies the process for consumers, finding the best deals from trustworthy companies.

The site lets users search and compare a huge number of loans, aggregated in real time from a wide range of sources – totalling 50,000 products from 10,000 banks and financial institutions.

Rong360 has localized sites for 100 Chinese cities, operating within 200 in total raising $160 million from a round led by Sailing Capital, Seqouia Capital and Star VC.

Raising slightly less than Rong360, featuring second in the top startup investments in October is AppDirect.

In a round with participation from Foundry Group, iNovia Capital and StarVest Partners that raised $140 million, the cloud service commerce businesses’ explosive growth has been validated.

It now powers the largest network of cloud service marketplaces, reaching around a quarter of small businesses worldwide through various partnerships. Its 300% growth over the course of this year also means it now has over one million paid subscribers.

Coming in third and fourth is another loan provider, Kabbage and a personal genomics company that wants to sell consumer health tests to the masses. Raising $135 and $115 million respectively.

For the rest of the top 50 startup investments in October, see the above infographic.