How much VC capital is enough?
When searching Google for “how much VC capital a startup needs to launch,” Google displays “how much VC capital is enough.” The Google revert interestingly displays information on a ‘desirable’ fund size. And the information may surprise you:
“$1 million is a good starting point; a fund size of $25 million—$100 million is normally an ‘early stage fund.” But what does the ‘Googling’ tell us? There’s no set formula for how much capital should be in a fund (startups take note, there may not be more available).
But also, based on the original search, it appears more people want to start a fund than startups looking for VC money. Just ask Google how to find them- that’s where the money is.
Some notable trends this week…
- Financial Institutions open their checkbooks.
- Rounds considerably for less
- Foreign continues to outpace U.S. deals
Up next are this week’s top 5 VC deals…
1Altruist
$169M, Series E, Capital| Equity | CA | Wealthtech | Iconiq Growth, Granite Capital Management, Adams Street Partners, Sound Ventures | https://altruist.com/
LinkedIn Overview:
“The modern custodian for RIAs. Build the best version of your firm when you partner with a custodian that brings together critical RIA technology and great customer service…”
2Ageras
$87.8M, Capital| Equity | PA | FinTech | Investcorp, Lazard, Folketrygdfondet | https://www.ageras.com/us
LinkedIn Overview:
“We make the process of finding and choosing a financial specialist as simple and easy as possible. Whether you own a small business, a large corporation, or are looking for help as an individual…“
3Securitize
$47M, Capital | Equity| FL | Blockchain | BlackRock, Hamilton Lane, ParaFi Capital, Tradeweb Markets | https://securitize.io/
LinkedIn Description:
“Securitize. Unlocking your access to the most exclusive asset class in the world: private markets…“
4Pleo
€40M, Debt| Denmark | Payments | HSBC Innovation Banking UK | https://www.pleo.io/us
LinkedIn Description:
“Work can be hard. Paying for stuff at work shouldn’t be. Expense reports and out-of-pocket purchases just don’t work for today’s forward-thinking teams… “
5Apptega
$15M, Capital |Equity & Debt| GA | Fintech | Mainsail Partners | https://www.pomelo.com/
LinkedIn Description:
“As cyber-threats and regulatory mandates continue to expand, organizations are challenged by the difficulties of implementing effective cybersecurity and compliance programs. With Apptega, organizations of all sizes…“
