A battle to the end….
As the summer heat continues, deals reveal competitors are battling to fund startups or embed themselves in a move to stay competitive.
“While Amazon and Google have reeled in their efforts to offer their own financial services, they continue to embed themselves in the digital financial ecosystem. Big tech won’t be your next bank — but they’ll play a part in many of your transactions.”- CB Insights.
This week’s leaderboard validates the battle continues on in the race to dominate all things money.
Notable trends this week…
- A slower funding week across sectors
- Deals are in back in ‘the series.’
- Familiar VCs (Paypal, Stripe, Citi, Wells Fargo, etc.)
Up next are this week’s top 5 VC deals…
1Chaos Labs
$55M, Series A, Capital | Equity | NY | Blockchain | Haun Ventures, F-Prime Capital, Slow Ventures, Lightspeed Venture Partners, Galaxy Ventures, Wintermute Ventures, PayPal Ventures, General Catalyst, Bessemer Venture Partners, Coinbase Venture | https://chaoslabs.xyz/
LinkedIn Overview:
“At Chaos Labs, we’re reimagining the future of DeFi with automated, on-chain economic security systems. Our mission is simple: Build trust and transparency in the financial markets of the future…”
2Cents
$40M, Series B, Capital| Equity | NY | Payments | Camber Creek, Bessemer Venture Partners, Tiger Global, Tech Pioneer Fund, RXR (RADV), Derive Ventures, Alumni Ventures, Toast, Jobber, Squarespace, Stripe | https://www.trycents.com/
LinkedIn Overview:
“Cents is a leading business management platform that helps laundry business operators grow, manage, and understand their business. With easy-to-use tools for point-of-sale…”
3Sahara AI
$37M, Capital | Equity| LA | Blockchain | Pantera Capital, Polychain Capital, Binance Labs, Samsung Next, Matrix Partners, Nomad Capital, SCB 10X, Canonical Capital, Mirana Ventures, Foresight Ventures, Dispersion Capital, Tangent Ventures | https://saharalabs.ai/
LinkedIn Description:
“The decentralized AI blockchain platform for an open, equitable, and collaborative economy.“
4Payzen
$32M, Series B, Capital| Equity | SF | Fintech | NEA, 7WireVentures, Signal Fire, Viola Ventures | https://payzen.com/
LinkedIn Description:
“PayZen fights healthcare inequity by addressing affordability at the point of payment. Our platform uses Affordability Financing to create a more positive customer experience that gives patients…“
5Setpoint
$31M, Series B, Capital | Equity | NYC | Fintech | 645 Ventures, Citi, Wells Fargo, Andreessen Horowitz, NextView Ventures, Floating Point, Henry Kravis, 75 & Sunny, Vesta Ventures, Fifth Wall, Eltura Ventures, Outrunner Capital | https://www.setpoint.io/
LinkedIn Description:
“Infrastructure for the future of asset-based lending. Our platform unlocks speed, efficiency and accuracy for borrowers and lenders…”
