A report from CB Insights shows that companies in the ever-growing “Internet of Things” space have seen an uptick in investment throughout 2013. Many of these companies have used crowdfunding as part of their capital raising and marketing strategy.
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Investment in the space grew 49% year-over-year. Since the beginning of 2012, 64% of deals in the space have come at the seed or Series A stage.
Silicon Valley-based companies dominate capital raising. Companies based in the world’s tech hub have been the source of over 25% of Internet of Things investment. The average deal size for IoT companies in the Valley was $11.49M.