When I grow up, I want to be a unicorn…
Many unicorn additions, exits, and IPOs signal it’s an excellent time for startups.
“So far this year, 32 companies have exited the board, with half going public and half being acquired. That is already above the totals in 2023, when 25 companies exited, including 12 acquired and 13 that listed.” – Crunchbase.
We’ll keep tracking deals and watching sparkles or shimmers (what baby unicorns are called; Google it) turn into unicorns.
Notable trends this week…
- Foreign deals are rockin’.
- Fintech and payments were the category $ winners.
- Equity & Debt comprise more deal activity.
Up next are this week’s top 5 VC deals…
1Neo Financial
$258M, Series D, Capital | Equity & Debt| Canada | Fintech | Tobi Lütke (Shopify), Stewart Butterfield (Slack), David Baszucki (Roblox), Mike Wessinger (PointClickCare), Valar Ventures, Golden Ventures, Afore Capital, Thomvest Ventures | https://get.neofinancial.com/world_elite_prelaunch/
LinkedIn Overview:
“Neo is a leading financial technology company that’s building a more rewarding financial experience — empowering more Canadians to take control of their future...“
2Lean Technologies
67.5M, Series B, Capital| Equity | Saudi Arabia | Fintech | General Catalyst, Bain Capital Ventures, Duquesne Family Office, Arbor Ventures, Saudi Venture Capital | https://www.leantech.me/
LinkedIn Overview:
“Lean is a fintech platform providing a universal API that unlocks critical infrastructure across the MENA region. We enable fintech innovators to seamlessly…”
3Affiniti
$62M, Capital | Equity & Debt| NYC | Payments | Indicator Ventures, Emigrant Capital Corporation, Day One Ventures, RiverPark Ventures | https://affiniti.finance/
LinkedIn Description:
“Fueling Small Businesses Across America With Industry-Tailored Credit Cards.“
4Satispay
€60M, Capital| Equity | Italy | Payments | Greyhound Capital, Lightrock, Addition| https://www.satispay.com/en-it/
LinkedIn Description:
“Satispay powers payments for the people – help you send, receive and save money, whichever side of the exchange you stand…“
5Agicap
$48M, Series C, Capital | Equity | France | Fintech | AVP | https://agicap.com/en-us/
LinkedIn Description:
“Get your cash flow management to the next level.”
