Planting seeds, growing dreams…
As they say, spring showers (of money) bring May flowers. Seed funding is a welcome sight for startups as big deals slow down to a trickle. The last few years of the ‘unicorn era’ have made VCs recognize they eat too much. Many VCs are now shifting their focus to seed funding; growing something new, operating lean, and hoping to cash in on the green.
Some notable trends this week…
- Deals pick up but for less $.
- More seeds and debt
- A good week of funding for U.S. startups
Up next are this week’s top 5 VC deals…
1Bold
$50M, Series C, Capital| Equity | Colombia | Payments | General Atlantic, International Finance Corporation, InQLab, Amador | https://bold.co/
LinkedIn Overview:
“Unlocking the potential of entrepreneurs”
2Float
$36.8M, Capital| Debt | Canada | Wealthtech | Silicon Valley Bank | https://floatcard.com/
LinkedIn Overview:
“Float is on a mission to simplify spend for companies and teams. Our corporate cards and spend management platform enable you to…“
3Analog
$16M, Seed, Capital | Equity| SF | Blockchain | Tribe Capital, Mike Novogratz, NEAR, Outliers Fund, Black Label Media, Orange DAO, Mask Network, Winter Mute, others | https://www.analog.one/
LinkedIn Description:
“Analog is a completely decentralized, PoT-based, layer-0 platform for communicating validated event data. At the core of the platform are tesseracts and time nodes (explained later) that can privately fetch and confirm event data from sovereign chains...“
4Lava Network
$15M, Seed, Capital| Equity | Decentralized blockchain infrastructure developer | Blockchain | Jump Capital, Hashkey Capital, North Island Ventures, Dispersion Capital, Alliance DAO, Node Capital, Finality Capital Partners | https://www.lavanet.xyz/
LinkedIn Description:
“Lava is a decentralized network of API providers, where developers make one subscription to access any blockchain. Providers are rewarded for their quality of service, so your users can fetch data and send transactions with maximum speed, data integrity and uptime…“
5Architect Financial Technologies
$12M, Seed, Capital |Equity | NYC | Capital Markets | Blocktower Venture Capital, Tioga Capital, CMT Digital, ParaFi Capital, A Capital, Twelve Below, Coinbase Ventures, SV Angels, Third Kind, SALT Fund, US Digital Trust | https://www.architect.xyz/
Website Description:
“Fast, flexible, and secure financial infrastructure for exchanges, trading firms, hedge funds, and professional investors…”
