By Teresa Leno
As you can imagine, VC deals slowed a bit during the holidays. But, with the New Year’s optimism, new VC funding deals are already warming up the first week of January!
Some trends worth noting from this week’s winners
- The top two deals came out of India, surely a growing market for fintech and equities in general, where we’ve recently heard anecdotally that the stock market jumped 3-fold in 2022;
- The numbers this week were significantly lower than usual for our #3, #4 and #5, though we imagine these will ratchet back up as we move into January, so while a bit jarring in comparison to where we were in 2022, we think this if a short holiday-based anomaly;
- Insurtech, defi and lending comprised the top categories for this week.
Here’s the Top 5 toasting their funding along with the start of a New Year:
1Money View
$75M, Series E | Equity | India | Lending | Apis Partners, Tiger Global, Winter Capital, Evolence | https://moneyview.in/
LinkedIn Overview:
“Money View is a leading online credit platform that offers a full suite of personalized credit products like instant personal loans, cards, BNPL, and personal financial management solutions. Our proprietary data models provide a 360-degree risk assessment, enabling credit for the underserved segments.”
2SarvaGram
$35M, Series C | Equity | India | Lending | Elevar Equity, Elevation Capital, Temasek, TVS, Capital Funds | https://sarvagram.com/
LinkedIn Overview:
“SarvaGram aims to enable livelihood up-gradation for aspiring households based in Rural and Semi-urban India.”
3Alicia
$7.3M, seed | Equity | Netherlands | Insurtech | Volta Ventures, Randstad Innovation Fund, Achmea Innovation Fund | https://alicia.insure/
LinkedIn Overview:
“Alicia is the insurance freelancers were always hoping for. Our strategy is ultra-simple. We make insurance for freelancers accessible, at any time. We identify and solve protection gaps in the platform economy by offering personalized and pay-per-use insurance directly embedded into online platforms. Alicia aims to make insurance work for everyone, anywhere and at any time. It’s this big, lofty mission statement that we try to realise from our Rotterdam HQ every day.”
4Liberate Innovations
$100M, Series B | UK | Web3 Privacy Layer | Andreessen Horowitz, Zac Williamson, Joe Andrews | https://aztec.network/
Overview From Company Website:
“Our automation platform helps insurers provide the best experience to their customers. Insurance customers expect a digital experience on par with the human touch experience. Multi-access in insurance is the new normal, so we’re empowering insurers to offer the best customer experience at the industry’s lowest cost. We’re on a mission to deliver the industry’s first end-to-end, straight through digital claims experience…”
5Momentum Safe
$5M, seed | San Francisco | DeFi | Jump Crypto, Circle Ventures, Coinbase Ventures, Superscrypt, Redpoint Ventures, SV Angel, Shima Capital, Spartan Group | https://m-safe.io/
Overview From Company Website:
“MSafe wallet is the first multi-sig, non-custodial digital assets management solution built on Move…”
