Other pockets
It’s no surprise that 2024 is shaping up to be one of the slowest years for deal activity—way down compared to before the COVID-19 years. While U.S. startups are still leading worldwide in taking home the cash, other pockets of deal activity in various global regions are picking up.
What’s more, the source of funding is changing. VCs still account for 30% of funding, but startups are finding cash in other pockets.
- 19% other (Kickstarter, friends, your rich uncle on your mother’s side?)
- 11% Angel
- 11% Corporate
- 11% Asset/ Investment Management
- 8% CVC
- 6% Incubator/ Accelerator
- 4% Private Equity
Source- CB Insights State of Fintech Report
The deal landscape is changing, and investors’ comfort level may be outside of VC.
Notable trends this week…
- Fewer deals, but for more money
- More foreign than domestic deals
- Payments and Blockchain took home the $
Up next are this week’s top 5 VC deals…
1M2P Fintech
$100M, Series D, Capital | Equity | India | Payments | Helios Investment Partners | https://www.m2pfintech.com/
LinkedIn Overview:
“Fintech happens here! M2P is an API infrastructure giant delivering futuristic and customer-centric fintech solutions through cutting-edge technology...“
2Celestia Foundation
$100M, Capital| Equity | Modular Blockchain Network | Blockchain | Bain Capital Crypto, Syncracy Capital, 1kx, Robot Ventures, Placeholder | https://celestia.org/
Website Overview:
“Celestia is a modular data availability network that makes it easy for anyone to securely launch their own blockchain.“
3InDebted
$60M, Series C, Capital | Equity| Australia | Fintech | Airtree, Carthona, Reinventure, Perennial, Australian Retirement Trust, Premier Capital Partners | https://www.indebted.co/en-us/
LinkedIn Description:
“InDebted is a debt collection partner for future-thinking organisations. We’ve helped companies such as Klarna, Snap Finance and Trustly increase liquidation, collect intelligent insights, and scale seamlessly…“
4Apron
$30M, Series B, Capital| Equity | UK | Payments | Zinai Growth, Index Ventures, Bessemer Venture Partners, Tony Fadell | https://getapron.com/
LinkedIn Description:
“Every small business is a big deal. SMBs have a major impact on the lives of their owners, as well as the macroeconomic success of their communities and national economy…“
5K1x
$20M, Capital | Equity | NJ | Fintech | Edison Partners | https://k1x.io/
LinkedIn Description:
“K1x is the leading data distribution platform for alternative investments. The fintech company’s patented, AI-powered SaaS solution digitizes…”
