The British are coming! The British are coming!
We’re terribly sorry, but since this week’s top 5 list includes two UK companies, we simply couldn’t resist that opener.
Of late, we’ve seen wild swings in the funding levels for the digital wealth sector. This week, we have three deals at or above $100M+ (one debt and two equity), which is encouraging since we’ve seen many weeks lately with SIGNIFICANLTY lower funding levels.
Some notable trends this week…
- Two UK firms made the list plus one Brazilian banktech firm
- Cybersecurity won the day with the top funding spot – gotta keep those baddies away
- An AI-shopping assistant scored a $50M seed round – that’s some serious start up capital (I remember roaming the malls in the 80’s, now you can just use AI)
Up next are this week’s top 5 VC deals…
1Semperis
$125M, Capital | Equity | New Jersey | Fintech | J.P. Morgan, Hercules Capital | https://www.semperis.com/
LinkedIn Overview:
“For security teams charged with defending hybrid and multi-cloud environments, Semperis ensures the integrity and availability of critical enterprise directory services at every step in the cyber kill chain and cuts recovery time by 90%. Purpose-built for securing hybrid Active Directory environments, Semperis’ patented technology protects over 50 million identities from cyberattacks, data breaches, and operational errors….“
2Celcoin
$125M, Capital| Equity | Brazil | Banking | Summit Partners, Innova Capital, John Coughlin (Summit Partners) | https://www.celcoin.com.br/
LinkedIn Overview:
“Celcoin is a pioneer in financial and banking technology infrastructure. If your company needs to settle bills, join open banking, have its own credit infrastructure, access the DDA, have recurring billing, offer top ups and much more, there is only one place for your company to innovate and take incredible experiences quickly. for your customers – Celcoin’s banking and financial technology infrastructure is the right place….“
3Zilch
$100M, Capital| Debt | United Kingdom | Payments | Deutsche Bank | https://www.zilch.com/uk/
LinkedIn Description:
“On a mission to eliminate the cost of consumer credit. For good.…“
4Finbourne
$69.7M, Capital | Series B | United Kingdom | Fintech | Highland Europe, AVP | https://www.finbourne.com/
LinkedIn Description:
“FINBOURNE has created an interconnected network of functionality and data that enables the investment community to better serve clients in a constantly evolving market.…“
5Daydream
$50M, Seed | Equity | Washington | Fintech | Forerunner Ventures, Index Ventures, GV (Google Ventures), True Ventures | https://daydream.ing/welcome
LinkedIn Description:
“Coming soon: Daydream is a new AI-powered search and discovery platform poised to change the way people shop online. With the largest branded fashion catalog, we are building the most intelligent and personalized shopping experience out there… It’s a new era of shopping.”
