The Game of Monopoly…
Monopoly, the game, is about ‘growing rich’ by buying properties, charging rent, and making ‘smart decisions’ to stay afloat. But more than anything, Monopoly is a game of chance and circumstance. The same can be said for startups eyeing IPO, an ‘unpopular’ move for investors as IPO debut means nothing more than possible future trading below peak first-day prices.
If startups are going to stay in the game and make it to the IPO board, they can’t mortgage their way to a stock market debut…
Some notable trends this week:
- A slow week in funding
- Tech giants issue pink slips (LinkedIn among them)
- Series funding deals are back
Here are this week’s Top 5 VC Deals…
1Procurify
$50M, Series C, Capital| Equity | Canada | Payments | Ten Coves Capital, Export Development Canada (EDC), Information Venture Partners, HarbourVest | https://www.procurify.com/
LinkedIn Overview:
“Procurify is the Intelligent Spend Management company. We’re on a mission to give all organizations unprecedented visibility and control over their business spend…”
2Nova Credit
$45M, Series C, Capital| Equity | NYC | Fintech | Canapi Ventures, General Catalyst, Index Ventures, Kleiner Perkins, Y Combinator, Avid Ventures, Geodesic Capital, Harmonic Capital, Radiate Capital, Socium Ventures | https://www.novacredit.com/
LinkedIn Overview:
“Nova Credit is a modern credit bureau with two products that help businesses make more fair and informed decisions on millions of ‘thin file’, no credit history, or new-to-country applicants...“
3Prove Identity
$40M, Capital | Equity | NYC | Fintech | MassMutual Ventures, Capital One Ventures | https://www.prove.com/
LinkedIn Description:
“Prove is the modern way for businesses to enable their customers to prove their identities. Prove offers phone-centric solutions that enable its customers…“
4Neo
$35M, Capital| Equity| Canada | Wealthtech | Peak XV Partners | https://www.neofinancial.com/
LinkedIn Description:
“Neo Financial is a leading Canadian financial technology company that provides a modern, streamlined financial experience for consumers and businesses…“
5SynFutures
$22M, Series B, Capital |Equity | Singapore | Crypto | Pantera Capital, Susquehanna International Group, HashKey Capital | https://www.synfutures.com/
LinkedIn Description:
“Trade Perps, Any Asset, Anytime SynFutures is a leading perp DEX that offers permissionless listings, enabling anyone to freely list and trade asset pairs…”
