Reset.
Everyone needs time to reflect and reset once in awhile. A recent report by Paddle found that founders are doing just that, which can make all the difference in “making it or breaking it.” The compiled Q1 2024 data from more than 34,000 SaaS companies suggest:
- Signs of improved health
- Leaders are adapting to the ‘new normal’
- Specific strategies must be employed to thrive- and survive
-Courtesy of Crunchbase
Some notable trends this week…
- Payments are HOT
- Foreign deals outpaced domestic this week by 2:1
- Fresh VC names made the ‘leader board’
Up next are this week’s top 5 VC deals…
1Yendo
$165M, Capital| Equity & Debt | Dallas, TX | Payments | i80 Group | https://www.yendo.com/
LinkedIn Overview:
“We believe everyone should have equitable access to affordable credit. Leveraging ML/AI powered customer onboarding, Yendo is the world’s first vehicle-secured, credit card…”
2Sezzle
$150M, Capital| Debt | Minneapolis, MN | Payments | Bastion Management | https://sezzle.com/
LinkedIn Description:
“Sezzle is a payments company on a mission to financially empower the next generation. Sezzle’s payment platform increases the purchasing power for millions of consumers…“
3Farcaster
$150M, Capital | Equity | Los Angeles-based web3 social media platform| Blockchain| Paradigm, a16z crypto, Haun Ventures, USV, Variant, Standard Crypto | https://www.farcaster.xyz/
Description courtesy of Crunchbase:
“Farcaster is a social network that helps coders, fitness enthusiasts, and meme makers find people based on their interests.“
4Capchase
€105M, Capital | Debt | NYC | Payments | Deutsche Bank | https://www.capchase.com/
LinkedIn Description:
“Capchase is the growth partner for ambitious software-as-a-service (SaaS) and comparable recurring-revenue companies…”
5Vitesse
$93M, Series C, Capital |Equity | UK | Payments | KKR, Hannover Digital Investments | https://www.vitesse.io/
LinkedIn Description:
“Formed in 2014 by a team of proven FinTech entrepreneurs, we are an FCA regulated payments business that is driven to be the payment partner of choice for the insurance market, by providing global payment services and treasury optimisation…“
