INAUGURATION DAY
As we were writing this week’s VC post, the inauguration of President Donald Trump was going on in the background. A new admnistration enters the White House on the same day we are celebrating the legacy of Martin Luther King on MLK Day. It was fascinating to see the tech titans in the audience, and we are eager to see how the new administration will work with the technology and AI sector to advance the American agenda. We are hopeful.
Meanwhile, notable trends this past week…
- Our top deal came from the UK this week – something we don’t often see anymore – although London remains the defacto world headquarters for fintech outside of the US
- AI & Blockchain comprise two of the four top deals this past week – AI continues to dominate funding across all sectors and we believe blockchain is set to soar under the new administration
- Two of the four American deals came out of Silicon Valley, while the other two originated in NYC and America’s “new” financial capital – Miami
Up next are this week’s top 5 VC deals…
Interested in getting your brand in front of the massive & high level audiences of Digital Wealth News and AI&Finance? Click here to schedule a zoom meeting w/ publisher Cindy Taylor
-
Komainu
- Location: St Helier, Jersey, UK
- Description: Komainu is a regulated digital asset services provider and custodian, offering secure and compliant solutions for institutional investors.
- Funding Amount: $75M
- Funding Round: Investment from Blockstream Capital Partners
-
Quantifind
- Location: Palo Alto, CA
- Description: Quantifind provides AI-powered financial crime intelligence, helping institutions combat fraud and meet compliance requirements more effectively.
- Funding Amount: $22M
- Funding Round: Funding round not specified
-
1Money
- Location: New York City, NY
- Description: 1Money is developing a purpose-built Layer 1 blockchain for stablecoin payments, enabling faster and more secure digital transactions.
- Funding Amount: Over $20M
- Funding Round: Funding round not specified
-
Reeco
- Location: Miami, FL
- Description: Reeco offers an AI-driven procure-to-pay platform for the hospitality industry, streamlining procurement and payment processes for efficiency and cost savings.
- Funding Amount: $15M
- Funding Round: Series A
-
Truewind
- Location: San Francisco, CA
- Description: Truewind specializes in digital accounting services tailored for personnel, providing businesses with streamlined financial management solutions.
- Funding Amount: $13M
- Funding Round: Series A
This post was written by DWN staff with the assistance of ChatGPT, utilizing data from FinSMEs
