Time Keeps on Slipping…
Amid the uncertainty of world events, the startup community, domestically and abroad, is being impacted. Earlier this year and this past week, tech startups braced for the worst as many of their team members were impacted. Our thoughts are with all of them.
Q3 data is out; unsurprisingly, seed and early-stage funding has slowed worldwide. However, late-stage startups with established teams, viable products, and revenue are now desirable to VCs, especially in regions previously overlooked (but stable) across the ‘sea.’
“I want to fly like an eagleTo the seaFly like an eagleLet my spirit carry meI want to fly like an eagle‘Til I’m freeRight through the revolution” – Steve Miller Band
Some notable trends this week:
- Crypto funding was dominating
- Deals declined, and awards were for less $.
- More series A and B, fewer seed deals
And now, here are this week’s Top 5 VC Deals…
1Upvest
$31.8M, Capital| Equity | Germany | Wealthtech | BlackRock, Bessemer Venture Partners, HV Capital, Earlybird, Notion Capital, ABN Amro Ventures, 10x Capital | https://upvest.co/
LinkedIn Overview:
“Offer investments to your end users via our Investment API. Regulatory licenses included.”
2Membrane Labs
$20M, Series A, Capital| Equity | NYC | Crypto | Brevan Howard Digital, Point72 Ventures, Jane Street, Flow Traders, QCP Capital, Two Sigma Ventures, Electric Capital, Jump Crypto, QCP Capital, GSR Markets, Belvedere Trading, Framework Ventures| https://membranelabs.com/
LinkedIn Overview:
“Crypto OTC Prime Services for trading and lending.“
3Alpaca
$15M, Capital | Equity | CA | Crypto| SBI Group| https://alpaca.markets/
LinkedIn Description:
“Alpaca builds an API-first stock and crypto brokerage platform. Trade with algorithms, connect with apps, and build services with our easy-to-use APIs *Securities by Alpaca Securities LLC, Cryptocurrencies by Alpaca Crypto LLC (alpaca.markets)*“
4Untangled Finance
$13.5M, Capital| Equity| UK | Blockchain | Fasanara Capital | https://www.untangled.finance/
LinkedIn Description:
“Untangled.Finance bridges traditional and decentralized finance, bringing institutional-grade, real-world assets on chain…“
5Rebublik
$6M, Seed, Capital |Equity | Singapore | Blockchain | OKX Ventures, 6th Man Ventures, Arcane Ventures, CMS Holdings, Comma3 Ventures, Define Ventures, Enjin, FBG Capital, HTX Ventures, Mirana Ventures, Oracles Investment Group, Signam Capital, Sora Ventures, UOB Venture Management | https://republik.gg/
LinkedIn Description:“REPUBLIK is a social media network and content monetisation platform. Through the use of blockchain technology and smart contracts, creators and their audiences are incentivised to engage and earn rewards by utilising the platform’s suite of interaction features…“
