Green means GO!
Q1 ’24 data is in, and late-stage startups attracted more VC funding than juniors. Spending is up (finally) while the deal count remains down. A lot of money is changing hands, and it is an attainable environment for well-established startups: you’ve got the green light; now GO!
“Altogether, venture funding in American and Canadian companies totaled $35.2 billion, a gain of 14% from Q4, which was the slowest quarter in years.”- Crunchbase data.
Some notable trends this week…
- The series (As, Bs, and so on) funding continues
- It’s taking more VCs to get deals done, a/k/a funded
- U.S. deals picking up pace
Up next are this week’s top 5 VC deals…
1Monad Labs
$225M, Series A, Capital| Equity | NYC| Blockchain | Paradigm, Electric Capital, Coinbase Ventures, Castle Island Ventures, GSR Ventures, Greenoaks, Inversebrah, Ansem, Hsaka, punk6529, Eric Wall, Rune Christensen, Bryan Pellegrino, Luca Netz, Mert Mumtaz | https://www.monad.xyz/
LinkedIn Overview:
“Monad Labs is accelerating the Ethereum Virtual Machine so that decentralized apps can eat the world…”
2FloQast
$100M, Series E, Capital| Equity | CA | Fintech | ICONIQ Growth, BDT & MSD Partners, WiL | https://floqast.com/
LinkedIn Overview:
“FloQast, a Finance and Accounting Operations Platform created by accountants for accountants, enables organizations to operationalize accounting excellence…“
3Auradine
$80M, Series B, Capital | Equity| CA | Blockchain | StepStone Group, Top Tier Capital Partners, MVP Ventures, Maverick Capital, Celesta Capital, Mayfield Fund, Marathon Digital | https://auradine.com/
LinkedIn Description:
“Pioneer in web infrastructure solutions including blockchain, privacy, and AI.“
4Mezo (launched by Thesis)
$21M, Capital| Equity | NYC | Crypto | Pantera Capital, Multicoin Capital, Hack VC, ParaFi Capital, Nascent, Draper Associates, Primitive Ventures, Asymmetric Ventures, Dan Held, DCF God | https://thesis.co/
Yahoo! Finance Description:
“Blockchain venture studio Thesis has unveiled Mezo, a Bitcoin layer-2 network layer-2 network, from stealth...”
5Sprinto
$20M, Series B, Capital |Equity | SF | Fintech | Accel, Elevation Capital, Blume Ventures | https://sprinto.com/
Website Description:
“Automating Information Security Compliances & Privacy Laws for fast growing SaaS companies. Use Sprinto to obtain information security compliance, close enterprise deals faster, and pass vendor security assessments easily..”
