Capital is flowing, and the pace is slowing…
Many funding deals are still happening, but at lower dollars, and M&A has slowed. And that may be a good thing.
The past focused on fast growth, over-hiring, mergers and acquisitions, and unicorn births. Today, a much leaner model and strategic growth take the front stage before VCs write checks. Q1 rounds out at a slower pace, with lower funding and new business models that may help make startups last.
Some notable trends this week…
- Foreign deals outpace U.S. deals 3:1
- Domestic VCs pull back, and the rest of the world’s VCs continue the momentum.
- New VCs making their debut into the millions
Up next are this week’s top 5 VC deals…
1Berachain
$69M, Capital| Equity | Cayman Islands | Blockchain | Brevan Howard Digital, Framework Ventures | https://www.berachain.com/
LinkedIn Overview:
“Berachain is a high-performance EVM-compatible blockchain built on Proof-of-Liquidity consensus. Proof-of-Liquidity is a novel consensus mechanism that aims to align network incentives, creating strong synergy between Berachain validators and the ecosystem of projects.“
2Figure Technologies
$60M, Series A, Capital| Equity | SF | Blockchain | Jump Crypto, Pantera Capital, Lightspeed Faction, Distributed Global, Ribbit Capital, CMT Digital | https://www.figure.com/
LinkedIn Overview:
“Figure Pay, a subsidiary of Figure Technologies, provides a scalable, quick-to-market Banking as a Service (BaaS) API-based platform, solving both business and consumer banking challenges, all in one efficient solution...“
3BigID
$60M, Capital | Equity| Israeli | Fintech | Riverwood Capital, Silver Lake Waterman, Advent | https://bigid.com/
Website Description:
“Automatically (and accurately) scan, find, and classify the data that matters most to you – wherever it lives, whatever it is, at petabyte scale…“
4Succinct Labs
$55M, Seed and Series A, Capital| Equity | SF | Blockchain | Paradigm, Robot Ventures, Bankless Ventures, Geometry, ZK Validator, Sandeep Nailwal, Daniel Lubarov, Sreeram Kannan | https://succinct.xyz/
Website Description:
“Making zero-knowledge proofs accessible to any developer…”
5Greenly
$52M, Series B, Capital |Equity | NYC | Fintech | Fidelity International Strategic Ventures, BGV, Move Capital, Hewlett Packard Enterprise, Brian Halligan, HSBC, XAnge, Energy Impact Partners | https://greenly.earth/en-us
LinkedIn Description:
“Greenly makes carbon accounting and management precise and intuitive for your company, allowing you to fast-track you transition towards net-zero-carbon economy…”
