Round and round it goes, when it’ll stop, nobody knows…
Series funding continues for mid to late-stage startups with proven records. Meanwhile, smaller awards with more VC involvement continue, with early-stage startups missing the mark on money.
While the future looks bright for AI, other fintech categories are missing out on the money, making founders dizzy, just like a merry-go-round.
Notable trends this week…
- Smaller awards with more VCs involved
- Foreign deals continue to outpace domestic
- More decentralized startups making the deal boards
Up next are this week’s top 5 VC deals…
1CloudPay
$120M, Capital | Equity | London | Payments | Blue Owl Capital, Rho Capital Partners, The Olayan Group, Hollyport Capital | https://www.cloudpay.com/
LinkedIn Overview:
“Your employee pay processes have broad business consequences, requiring modern solutions and trusted experts. CloudPay is the only provider that guides global companies with vision and care toward the comprehensive pay experience their employees deserve...”
2ThinCats
$95.5M, Capital| Equity | UK | Fintech | CPP Investment | https://www.thincats.com/
LinkedIn Overview:
“At ThinCats we believe talent, creativity and hard work should be the drivers of success for mid-sized UK businesses, not access to funding. By combining the latest in data analytics…”
3Lumia
$25M, Capital | Equity| Innovative Layer 2 platform based on zkEVM and built on Polygon CDK | Blockchain | Undisclosed | https://lumia.org/
LinkedIn Description:
“Lumia is a groundbreaking modular layer 2 blockchain designed to integrate real-world assets (RWA) with cross-chain liquidity. A seamless, efficient, and scalable aggregation layer that unifies liquidity…“
4Adrena
$18M, Capital| Equity | NYC | Blockchain | Dragonfly, CMT Digital, Castle Island Ventures, Wintermute, 6th Man Ventures, ParaFi | https://andrena.com/
LinkedIn Description:
“High-speed Internet for your home, office, and business.”
5Savvy
$15.5M, Series A, Capital | Equity | NYC | Wealthtech | Canvas Ventures, Thrive Capital, Brewer Lane, Index Ventures | https://www.besavvy.ai/
LinkedIn Description:
“Savvy AI builds affordable, custom-made AI products for organizations big and small. We aim to increase access to the latest technologies and bridge the digital divide…”
