How far will it go?
The state of VC is shifting; borders are open for new investors in tech. But how long can startups go without funding, and how far are VCs willing to go outside the U.S. to look for opportunities?
“The destruction of mid- and late-stage dealmaking has also resulted in early-stage deals now comprising 70% of all deals — the highest level in more than a decade. In 18 months, these companies will all be competing for capital for that next round, and right now, it’s pretty clear that there will not be enough to go around.” – Crunchbase.
Some notable trends this week:
- Well-known U.S.-based VCs funding more deals outside its borders
- Foreign deals are 3:1 domestic deals
- Mostly single-digit million deals (many below $5M)
Up next are this week’s top 5 VC deals…
1FINN
$109 million, Series C, Capital| Equity | Germany| Fintech | Planet First Partners, HV Capital, Korelya Capital, UVC Partners, White Star Capital, Picus Capital | https://www.finn.com/en-US
LinkedIn Overview:
“At FINN our mission is to make mobility fun and sustainable: We help everyone who loves driving their own car but refuses the struggle, commitment and intransparent costs associated with car ownership…”
2Conta Simples
$41.5 million, Series B, Capital| Equity | Brazil | Payments | Base10 Partners, Valor Capital, Jam Fund, Y Combinator, Big Bets, Broadhaven, DOMO | https://contasimples.com/
Website Overview:
“Expense management platform with multiple corporate cards. Unleash your company’s potential with autonomy for the team and much more control and time savings for finance…“
3Zilo
$31.8M, Series A, Capital | Equity| UK | Wealthtech | Fidelity International Strategic Ventures, Portage, State Street, Citi | https://www.zilo.co.uk/
LinkedIn Description:
“ZILO is focused on transforming global transfer agency to create sustainable value for firms and the customers they serve. To achieve this, we started with a clean technology slate, a design-driven approach, and a commitment to put people first…“
4Finoa
$15M, Capital| Equity | Germany | Crypto | Balderton Capital, Maven 11 Capital, Blue Bay Ventures, Signature Ventures, Coparion, Venture Stars | https://www.finoa.io/
LinkedIn Description:
“Finoa GmbH is a regulated custodian for crypto assets, servicing professional investors with custody and staking. The company is licensed as a financial institution for crypto custody, investment brokerage, and proprietary trading of crypto...“
5Unbox
$13.1M, Series A, Capital |Equity | Belgium | Payments | HSBC Asset Management, Belgian Sovereign Wealth Fund | https://www.unboxuniverse.com/
LinkedIn Description:
“We make it easy to achieve efficient, transparent and targeted distribution of funds. Not limited by flexibility, security, scalability, integration, speed or innovation.“
