Flat, as a pancake
VC deals are not going up or down—they are essentially flat ‘as a pancake’ month over month. Even AI isn’t pushing deal activity along as predicted within finserv (although there was a $1B deal in AI automotive/robotics this past week), as established companies add AI to their existing technologies without seeking funding.
And let’s not mention unicorns; rumor has it they don’t like pancakes.
Some notable trends this week…
- Funding activity picks up
- More single than double-digit deals
- Borders don’t define deals; foreign deals still outpace the U.S. deals
Up next are this week’s top 5 VC deals…
1Jeeves
$75M, Capital| Equity | FL | Payments | Community Investment Management | https://www.tryjeeves.com/
LinkedIn Overview:
“Finance tools for global teams – all in one place. Open multi-currency accounts, issue corporate cards, send cross-border payments, and manage expenses from one platform.“
2Sophon
$60M, Capital| Equity | Blockchain layer 2 network | Blockchain | Maven 11, Paper Ventures, Spartan Group, SevenX Ventures|
Courtesy of The Block:
“Sophon, a zkSync “hyperchain” or a Layer 2 network being built using Matter Labs’ modular, open-source framework ZK Stack, has raised around $60 million via a node sale.”
3Arbelos Markets
$28M, Seed | Equity & Debt | NYC | Crypto | Dragonfly Capital, Room40 Ventures, Selini Capital, Breed VC, FalconX, Circle Ventures, Paxos, P2 Ventures, Deribit, Chorus One, StarkWare, Immutable| https://arbelos.xyz/
LinkedIn Description:
“Arbelos Markets is a trading firm providing principal liquidity across crypto derivatives markets, ranging from high-touch to programmatic…“
4Daloopa
$18M, Series B | NYC | Fintech | Touring Capital, Morgan Stanley, Nexus Venture Partners | https://www.daloopa.com/
LinkedIn Description:
“Use the most complete and accurate set of public company historicals to build and update your models in your preferred method and format with Daloopa… “
5Abyan Capital
$18M, Series A, Capital |Equity | Saudi Arabia | Wealthtech | STV, Wa’ed Ventures, RZM Investment | https://abyancapital.sa/
LinkedIn Description:
“Abyan is a robo advisor targeting the complete automation of investment and saving.“
