Hedge Funds
We used CB Insights data to track e-commerce dealmaking with participation from crossover investors from 2012 to 2016 year-to-date. Our crossover investor category includes investment banks, mutual funds, and hedge funds, as well as asset managers and diversified financial services-based firms, all of which customarily invest in the public markets. Since 2012, crossover investors participated in nearly 250 e-commerce funding rounds, totaling over $15.6B in aggregate. We define e-commerce as companies using websites or mobile apps to sell physical goods, as well as enablement companies that build these sites and apps. We excluded companies focused on services, such as Uber,...

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