Fintech VC keeps truckin’ and we have more MAJOR deals to review this week, every one, once again, over $100M.
- This week, our top deal came in at $505 M for a Denver-based bitcoin mining operation, committed to reducing the cost of cloud computing;
- Three of this week’s top deals touched on crypto – one for the mining operation mentioned above, another for an exchange and a third for a NFT platform
- India scored big this week securing two of the top five deals, and four of the top five went outside the US.
Without further ado, here are this week’s top 5 fintech VC deals for the week below, in order from highest to lowest funding levels.
1Crusoe Energy
$505M, Series C | Denver | Bitcoin Mining Operation | G2 Venture Partners, SVB Capital, Sparkfund, Generate Capital |
LinkedIn Firm Overview:
“Crusoe is on a mission to align the future of computation with the future of the climate. We help eliminate routine flaring of natural gas and reduce the cost of cloud computing. Crusoe repurposes otherwise wasted energy to fuel the growing demand for computational power in the expanding digital economy.“
2Foodics
$170M, Series C | UAE | Restaurant payments platform | Prosus, Sanabil Investments, Sequoia Capital India, STV, Endeavor Catalyst |
Firm Website Overview:
“Foodics, an end-to-end cloud-based point of sale & restaurant management solution that gives business owners a holistic overview of their company and its operations. With Foodics, companies can access real-time reporting, high-tech inventory management, and even submit orders to the kitchen or manage employees’ timesheets. Take your company to the next level by making decisions based on data rather than instinct. We help you launch your business, track your progress and grow your sales. Our smart POS system allows you to future-proof your business and gets ready for the digital revolution. As part of our global world, we’ve designed our system to support companies with English, Arabic and Turkish language options...”
3CoinDCX
$135M, Series D | India | Crypto exchange | Steadview, Pantera Capital, Coinbase Ventures, Kingsway, DraperDragon, Republic, Kindred Ventures |
LinkedIn Overview:
“CoinDCX is India’s largest and safest cryptocurrency exchange. Our exchange is built with user experience and security in mind. The KYC and Bank Account verification are done within a few minutes and give users a smooth onboarding experience. We provide users single-point access to a diverse suite of crypto-based financial products and services that are backed by security processes and insurance. We have the highest number of cryptos listed in India and give instant fiat to crypto conversions free of charge. We also give instant deposit and withdrawal facilities. We charge the lowest trading and crypto withdrawal fees. The wallet structure is versatile and provides the best fee structure in the industry. Our proprietary aggregation model provides the highest liquidity from leading global crypto exchanges. We are an ISO certified company backed by reputed investors like Polychain Capital, Coinbase Ventures, Bain Capital Ventures, and HDR Group, operator of BitMEX...“
4Rario
$120M, Series A | India | NFTs for the sport of cricket | Dream Capital, Alpha Wave Global, Animoca Brands, Presight Capital, Kingsway Capital |
Firm Website Overview:
“RARIO was founded with a singular mission – democratizing fandom. We are living in a mobile first world and all our interactions are primarily digital – we play, work, find love, talk, collaborate, buy, sell, help each other online – but fandom is still predominantly offline. RARIO aims to change all that. We are here to make the digital collectible revolution accessible to every fan. With RARIO, we let you unleash their passion and OWN your fandom in an easy, seamless, and hassle-free way. The RARIO founding team comprises seasoned serial entrepreneurs with stints across McKinsey, Hindustan Times, Rocket Internet, Google, Helion Advisors Venture Capital, Siemens, PwC Strategy, Strategic Decisions Group, SHELL and educational background including IIT, IIM, and Wharton.”
5QuadFi
$100M | Canada | Lending platform | Crayhill Capital Management |
LinkedIn Overview:
“Quadfi is a unique Canadian online lender that started in Toronto. We offer a helping hand to all invisible credit groups in the country including recent grads and Newcomers. For long ignored by the financial institutions, those with no or thin credit history were barred from owning fair and affordable credit products and enjoying their services. We aim to empower our fellow Canadians to realize their career aspirations by supporting them with their financial obligations. Our mission is simple: to extend low-cost personal loans to anybody who needs it. If you are struggling with your financial obligations, if you have graduated and have a student debt, if you are a proud member of our armed forces and are in need of financial backing, or if you just came to Canada and want to make purchases and need a trusted company to assist you with it, contact us, we can help!“
We’ll be back next week with more news on fintech VC funding.
