Sitting on the sidelines…
Even with the hype around AI, VCs continue to sit out, waiting for better opportunities. Whether domestic or foreign, funding is near 2017 levels; one-third through 2024 without signs of coming onto the field.
“Inflationary concerns and rising interest rates pushed investors into safer assets and forced money-losing tech companies to focus on efficiency over growth.”- CNBC.
Sitting out isn’t just for VCs; some startups are looking inward rather than eyeing an IPO. Let’s face it: there’s a lot of unpredictability out there, making sitting on the sidelines a safer bet.
Some notable trends this week…
- Foreign deals outpace U.S. deals.
- Series funding continues
- More debt financing
Up next are this week’s top 5 VC deals…
1Rippling
$200M, Series F, Capital| Equity | SF | Fintech | Coatue, Founders Fund, Greenoaks, Dragoneertal | https://www.rippling.com/
LinkedIn Overview:
“Rippling is a workforce management system that eliminates the friction from running a business. Today, most companies struggle with everything from routine tasks, like running payroll, to cross-functional planning, like aligning on headcount…”
2Midas
$45M, Series A, Capital| Equity | Turkey | WealthTech | Portage, International Finance Corporation, Spark Capital, Earlybird Digital Easy Fund, Revo Capital | https://www.getmidas.com/
Website Overview:
“Get your first share in minutes. Sign up in minutes, transfer money in TL or USD free of charge from the bank of your choice and buy your first share…”
3Movement Labs
$38M, Series A, Capital | Equity| SF | Blockchain | Polychain Capital, Hack VC, Placeholder, Archetype, Maven 11, Robot Ventures, Figment Capital, Nomad Capital, Bankless Ventures, OKX Ventures, dao5, Aptos Labs | https://movementlabs.xyz/
LinkedIn Description:
“World-class security and unparalleled performance powered by #Move“
4Vixtra
$36M, Seed, Capital| Equity & Debt | Brazil | Payments | Capitania, Verde, Credit Saison, Contea| https://vixtra.com/
Website Description:
“Financial solutions and free platform for importers…”
5Pomelo
$35M, Series A, Capital |Equity | SF | Payments | Vy Capital, Founders Fund, A* Capital, Afore Capital | https://www.pomelo.com/
LinkedIn Description:
“At Pomelo, we’re rewriting the narrative of financial empowerment by pioneering the integration of credit and international money transfer…”
