Happy Valentine’s Day to all you lovers out there. If I could make custom candy hearts with VC messages, they would say:
- VC Rocks
- Fearless
- Startup
- Angel
- LOI
- Deal
- NDA
- Liquidity
Well, you get the idea. Those little VC hearts would be great conversation starters. But just in case you want to end the VC relationship, Brach’s End the Conversation Hearts have sayings like “nope,” “salty,” and “let’s not.” A little sarcasm is now available in candy form to help get your point across.
Some notable trends this week:
- According to our research, there were fewer VC deals this week, but award amounts were up (cha-ching!),
- This week’s #4 (Conquest) has some notable VC backing- Fidelity CA, BNY Mellon, and RBC- all upping their ante for more robust financial planning software;
- Car IQ, this week’s #5, has secured VC backing from insurance companies, car parts companies, a credit card company, and even a convenience store/ gas station chain! Something big is on the horizon; I can only hope that autonomously filling my gas tank is also on their product roadmap…
Next up, this week’s Top 5 VC Deals…
1Salt Lending
$64.4M, Series A, Capital | Equity | Denver | Crypto | Undisclosed | https://saltlending.com/
LinkedIn Overview:
“As cryptocurrency becomes more widely adopted and additional real-world assets become tokenized, our mission is to offer solutions that make it possible for people to securely hold and borrow against their cryptoassets. With SALT, individuals and businesses can secure a fiat or stablecoin loan without having to worry about credit checks…”
2Coincover
$30M, Capital | Equity | Wales | Blockchain | Foundation Capital | https://www.coincover.com/
LinkedIn Overview:
“Cryptocurrency ownership is growing fast and becoming more mainstream, however to many it still feels like a risky investment. Coincover is changing this by creating the easiest way to protect and manage digital currency anywhere in the world…”
3Canoe
$25M, Series B, Capital | Equity | NYC | WealthTech | F-Prime Capital, Eight Roads Ventures | https://canoeintelligence.com/
LinkedIn Overview:
“Canoe has reimagined the future of alternative investments with cloud-based, machine-learning technology for document collection, data extraction, and data science initiatives. We transform complex documents into actionable intelligence within seconds and empower allocators with tools to unlock new efficiencies for their businesses…”
4Conquest
$17.8M, Series A, Capital | Equity | Canada | WealthTech | Fidelity International Strategic Ventures, Portage, BNY Mellon, RBC | https://www.conquestplanning.com/en-ca/home
Website Overview:
“Powerful, intuitive financial planning technology. The best financial plans bring human connection and the power of technology together to create something greater than either could do alone…”
5Car IQ
$15M, Series B, Capital| Equity | SF | Payments | Forte Ventures, State Farm Ventures, TELUS Ventures, Avanta Ventures, Visa, Bridgestone, Navistar, Circle K | https://www.gocariq.com/
Website Overview:
“At Car IQ our mission is to create a platform that enables vehicles to receive, store and send funds securely. We have created a payment solution developed specifically for vehicles and fleets. Our platform enables vehicles to autonomously initiate, validate and complete payments for services such as tolls, fuels, parking, and more.”
