Top 5 VC Deals of the Week in Fintech (5/6/24)

Digital Wealth News Continues our Weekly Series Covering the Largest VC Deals of the Week Worldwide in Fintech

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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…

We’ll be back next week with more news on fintech VC funding.