The on-demand start-up space has never been hotter.
Research firm CB Insights released a report Thursday highlighting just how much money is rushing into start-ups like Uber, Airbnb and Instacart. Investment activity is red-hot, with funding rising to $4.1 billion in 2014, a jump of more than 500 percent year-over-year.
That rush of capital is showing no signs of letting up. The first-quarter of this year marked the highest quarterly funding total on record as start-ups raised $787 million across 22 deals.
At the current run rate, analysts at CB Insights say 2015 is on pace for a new funding record that could more than double 2014's total.
So, which of these start-ups is raising the most money? Uber, by a mile.
The ride-hailing app raised 39 percent more funding than all other on-demand services last year—combined. And CEO Travis Kalanick is busy raising even more money to fuel his startup's global ambitions.
After Uber, the most well-funded on-demand start-ups are Lyft, Airbnb, Instacart and Eventbrite. In total, these five companies are valued at a staggering $57 billion. (Instacart told CNBC they're raised $275 million to date.)
There are a lot more professional investors now hoping to commit capital in this sector, and own a piece of what they hope could be the next Uber. In 2010, there were less than 20 VC investors that had done a deal in on-demand mobile services. Through the end of April of this year, there were nearly 200.
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The most active venture capitalist in this space over the past five years has been SV Angel. Ron Conway, a legend of angel investing who was an early backer of Google, Facebook, and Twitter among others, founded the venture firm.
SV Angel's approach to investing is different than its rivals. Rather than make a limited number of big bets, its partners commit a series of smaller investments in early-stage companies, realizing that many will fail but those that become billion-dollar companies will more than make up for the write-offs.