Ignite…
Whatever the ignitor for deal activity is, the sparks are starting to fly. This time, things look a little different- seed, equity, and debt. But no doubt, startups with revenue and performance records entice VCs to go all in…
“It’s past time, it’s past timeI take control, I’m cutting, cutting wiresFight or flight, dynamiteWith just a spark I come, I come aliveI don’t wanna live in fear, noI won’t waste another year, ohIt’s blast time, the last timeNever go back and cross the, cross the line…” –Ignite by Skillet
Some notable trends this week…
- Familiar VC funders (Andreessen Horowitz, Goldman Sachs, Silicon Valley Bank)
- Foreign deals are outpacing U.S. deals 2:1
- Planting seeds, Series As, Bs, Equity and Debt funding…across the ‘deal board’
Up next are this week’s top 5 VC deals…
1EigenLabs
$100M, Series B, Capital| Equity | Seattle | Blockchain | Andreessen Horowitz | https://www.eigenlabs.org/
LinkedIn Overview:
“Our team is remote-friendly, with a strong presence in Seattle and NYC. Founder Sreeram Kannan was a professor at the University of Washington, and the Head of the UW Blockchain Lab…”
2Napier AI
$56.8M, Capital| Equity | UK | Fintech | Crestline Investors | https://www.napier.ai/
LinkedIn Overview:
“We are compliance technology specialists. Our platform is founded on broad experience and deep expertise; and our products increase efficiency and minimise risk by successfully combining big data technologies with AI and machine learning…“
3Simetrik
$55M, Series B, Capital | Equity| Colombia | Fintech | Goldman Sachs Asset Management, FinTech Collective, Cometa, Falabella Ventures, Endeavor Catalyst, Actyus, Moore Strategic Ventures, Mercado Libre Fund, Vtex | https://www.simetrik.com/
LinkedIn Description:
“Simetrik is the SaaS and no code solution that offers the right balance between flexibility and robustness for the financial and operational reconciliation process automation...“
4Dub
$17M, Seed, Capital| Equity & Debt | NYC | Wealthtech | Tusk Venture Partners, Dara Khosrowshahi, Nathan Rodland, Bill Capuzzi, Roger Ferguson, Ryan Tedder, Silicon Valley Bank | https://www.dubapp.com/
LinkedIn Description:
“dub is transforming how individuals think about investing. By providing a simple and easy way to build and share portfolios, individuals now have access to some of the best minds in asset management…“
5AltLayer
$14.4M, Capital |Equity | Singapore | Blockchain | Polychain Capital, Hack VC, HashKey Capital, OKX Ventures, Primitive Ventures, Bankless Ventures, SevenX, MASK, IOSG, TRGC, dao5, Breyer Capital | https://altlayer.io/
Website Description:
“AltLayer is a decentralized protocol that facilitates the launch of native and restaked rollups with both optimistic and zk rollup stacks…”
