Ah, the memories…
VC funding continues downward, with deal activity reminiscent of 2017. One can speculate about Fintech rebounding again, as it did right after this period. More deals with less money mean startups must face their reality.
“Investors remain cautious in fintech, with funding declining to its lowest quarterly level since 2017 even as deals tick up.”- CB Insights.
Some notable trends this week…
- Fewer deals, less funding
- Domestic deals dominate (again)
- More VCs are needed to make deals happen
Up next are this week’s top 5 VC deals…
1Flatpay
$47M, Series B, Capital| Equity | Denmarck| Payments | Dawn Capital, Seed Capital | https://www.flatpay.com/
LinkedIn Overview:
“Established in 2022 in Copenhagen with a commitment to transparency, we’ve streamlined card payments to small and medium-sized businesses…”
2finmid
$37.1M, Capital| Equity | Germany| Fintech | Blossom Capital, Earlybird VC, Max Tayenthal | https://finmid.com/
LinkedIn Overview:
“finmid is Europe’s leading lending infrastructure provider. Built on the latest technology, finmid helps marketplaces and platforms provide tailored financial services to their clients at the right place and time…“
3Ecotrak
$30M, Capital | Equity| CA | Fintech | Respida Capital, Carver Road Capital, Gala Capital Partners | https://ecotrak.com/
LinkedIn Description:
“Ecotrak is the leading facility and asset lifecycle management software, providing a user-friendly experience that allows companies to manage their facilities and save money with real-time, actionable data.“
4Bridgewise
$21M, Capital| Equity | Israel | Fintech| SIX Group, Group11, L4 Venture Builder | https://bridgewise.com/
LinkedIn Description:
“Bridgewise is a technological research company that leverages proprietary AI to generate analysis of more than 90% of global securities, in any language...”
5Puffer Finance
$18M, Series A, Capital |Equity | Cayman Islands | Blockchain | Brevan Howard Digital, Electric Capital, Coinbase Ventures, Kraken Ventures, Franklin Templeton, Avon Ventures, Mechanism Capital, Lightspeed Faction, Consensys, Animoca, GSR, Lemniscap, Sandeep Nailwal, Anthony Ramirez, Yaoqi Jia, Anton Buenavista | https://www.puffer.fi/
Website Description:
“Stake any amount of ETH to receive pufETH, Puffer’s native Liquid Restaking Token (nLRT)…“
