Stayin’ in the lane
Well-established VCs generally stay in their lane (fintech category), often knowing the directions from traveling to the same destination repeatedly. Now junior VCs, those newer to fintech investing, seem to be staying in their lane, too.
Today’s VCs know the best ‘alternate route’ to arriving at their desired destination on time and within budget to cashing out. In this new era of VC funding, specialization, not diversification, maybe a much safer trip.
Some notable trends this week…
- Just one deal at $100M, everything else under that
- Payments are still HOT, other sectors ‘warming up’
- Foreign deals outpaced domestic 9:1
Up next are this week’s top 5 VC deals…
1Coro
$100M, Series D, Capital| Equity | Chicago | Fintech | One Peak, Energy Impact Partners, Balderton Capital | https://www.coro.net/
LinkedIn Overview:
“Coro is one of the fastest growing security solutions for the mid-market, providing all-in-one protection that empowers organizations to defend against malware, ransomware, phishing, bots, account takeover, and malicious behavior across devices, users, and cloud applications...”
2Brim Financial
$85M, Series C, Capital| Equity | Canada | Payments | EDC Investments, Vistara Growth, White Owl Group, Epic Ventures, Zions Bank | https://brimfinancial.com/
LinkedIn Overview:
“Headquartered in Toronto Canada, Brim built a state-of-the-art credit card infrastructure and digital platform bringing ground-breaking innovation to the credit card and financial space…“
3Netgain
$35M, Capital | Equity| Colorado | Fintech | Summit Partners | https://netgain.tech/
LinkedIn Description:
“Netgain apps help accountants simplify and automate processes, from lease compliance to advanced fixed assets and loan management...“
4Xion
$25M, Capital| Equity | Singapore | Crypto | Animoca Brands, Laser Digital, Multicoin, Arrington Capital, Draper Dragon, Sfermion, GoldenTree | https://www.xion.global/
LinkedIn Description:
“Multi-Chain Web3 Crypto Payments Infrastructure. Makin’ it easy to accept and send crypto payments, reward customers with cash back and build loyalty...”
5Bizplay
$22.2M, Capital |Equity | South Korea| Payments | JB Financial Group | https://www.bizplay.co.kr/bizpr_main.act
Website Description:
“We lead innovation in corporate cost management from business trips to meals and welfare…”
