Data: Sharing Economy Startups Heavily Funded. Focused on Enabling People
Wondering if the sharing economy is here to last? Research data shows that VCs have double downed in this market.
The sharing economy is an unstoppable movement. Beyond the macro-trends of sustainability, increased population, and access to the internet, new research found that the startups are heavily bolstered with VC funding.
Altimeter analyzed 200 global Sharing Economy startups and found that 37% had been funded by VCs. Of those 74 companies, they’d been funded an average of $28 million US dollars. The category has received funding of over $2 billion in just a few short years. Due to this sizable funding, the sharing movement is not likely to go away anytime soon.
Altimeter also found that out of the 200 startups, 68% were focused on enabling individuals (like Airbnb) in redistributing of their owned goods or services; consumers trading, lending, or renting products to each other. Additionally, 22% of the sample market enabled people to people trading or gifting (like Swap.com) without using conventional money. Lastly, only 14% of the startups were enabling companies (like LiquidSpace) to share products and services.
Industry Analyst, Jeremiah Owyang of Altimeter will be sharing these research findings at the LeWeb London 2013 stage, and will be releasing the entire findings of this industry report on this blog and at web-strategist.com
To learn more about this upcoming report and the Sharing Movement, attend LeWeb, by registering now.