Top 5 VC Deals of the Week in Fintech (4/15/24)

Digital Wealth News Continues our Weekly Series Covering the Largest VC Deals of the Week Worldwide in Fintech

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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..”

We’ll be back next week with more news on fintech VC funding.