Tagged: venture capital

January 6, 2024 @ 4:42 pm By Omar Faridi  |  

The venture market downshifts further in 2023, with dealmaking and funding totals falling to 6-year lows, according to an update shared by CBInsights. Q4’23 was the “harshest” quarter for global VC in 6 years, the CBInsights team noted. However, the down market has “revealed a… Read More

January 1, 2024 @ 6:24 pm By Omar Faridi  |  

Lightyear announced a strategic investment from two South Korean venture capital funds, Sunbo Angel Partners and Lighthouse Combined Investment. Both funds, with ties to South Korea’s automotive industry and other manufacturing corporate alliances, “have recognized Lightyear’s potential to create the next era of highly efficient… Read More

December 21, 2023 @ 7:41 pm By Michael Wong  |  

Saudi Arabian fintech savings platform Hakbah has successfully raised $5.1 million in a Series A funding round, a substantial boost for the savings platform’s growth and innovation strategies. The round was anchored by venture capital firm VentureSouq and backed by new investors M-Capital and Bunat… Read More

December 18, 2023 @ 12:48 pm By Omar Faridi  |  

Canapi Ventures, the fintech venture capital fund backed by nearly 70 financial institutions and strategic investors across the United States, announced earlier this month the raise of a $750 million Fund II. Canapi is backed by the Canapi Alliance, the fund’s unique network of strategic… Read More

December 11, 2023 @ 1:54 pm By JD Alois  |  

A choppy venture capital and private equity market continues during November, according to S&P Global Market Intelligence. The number of deals globally numbered 848 in November, down from October when 992 deals were reported.  Last year’s November saw 1,192 deals completed. In a slightly positive… Read More

December 10, 2023 @ 4:54 pm By Michael Wong  |  

Tokyo-based fintech startup Yoii has announced raising $5.5 million in a Series A funding round anchored by Emellience Partners. The startup, which provides a revenue-based financing (RBF) platform, said the round was also backed by Itochu Technology Ventures, FFG Venture Business Partners, and five other… Read More

December 9, 2023 @ 2:07 pm By Michael Wong  |  

Fintech firm Pontera has raised $60 million in a funding round led by ICONIQ Growth, bringing its total funding to $160 million, according to an announcement. This investment highlights Pontera’s commitment to improving retirement account management for the 85 million Americans with workplace retirement plans,… Read More

December 6, 2023 @ 8:13 am By Omar Faridi  |  

Research from the British Business Bank, UK Venture Capital Financial Returns 2023, finds UK venture capital funds continue “to perform well overall compared to their US and European counterparts, but top performing UK funds lag behind leading US funds.” Historically, US VC financial returns “were… Read More

December 4, 2023 @ 10:37 am By Omar Faridi  |  

PitchBook,  a Morningstar company providing comprehensive, accurate, and “hard-to-find” data for professionals doing business in the private markets, notes in an update that VCs say AI [artificial intelligence] leads innovation, are cautiously optimistic about IPOs, and are cognizant of geopolitical risk. In a note from… Read More

November 27, 2023 @ 2:03 pm By Omar Faridi  |  

A total of 2,675 venture capital (VC) funding deals were announced in China during January-October 2023 while the disclosed funding value of these deals stood at $34.6 billion. China witnessed considerable decline “in terms of both deal volume and value compared to January-October 2022,” according… Read More

November 26, 2023 @ 11:56 pm By Omar Faridi  |  

A total of 1,098 venture capital (VC) funding deals worth $12 billion were announced in the UK during January-October 2023. Both deal volume and value recorded year-on-year (YoY) decline “compared to the VC funding activity registered during January-October 2022,” reveals GlobalData, a data and analytics… Read More

November 24, 2023 @ 3:52 pm By Omar Faridi  |  

Funding in Southeast Asia continues to decline, but strong valuations and M&A activity are bright spots, according to an update shared by CBInsights. Venture funding in Southeast Asia continued “to slide in Q3’23, falling by 24% quarter-over-quarter (QoQ) to $1.6B,” the CBInsights report revealed. Deals… Read More

November 21, 2023 @ 8:36 am By Omar Faridi  |  

The UK witnessed 898 venture capital (VC) funding deals of worth $8.7 billion during January-August 2023. This represents “a 27.2% drop in the volume compared to the same period in 2022.” Notably, the decline in terms of disclosed deal value “was significantly steeper, registering at… Read More

November 16, 2023 @ 5:18 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance (which is being sued by US regulators for a wide range of issues along with facing major operational challenges globally) has reportedly invested in $ARKM, the native token of Arkham. Arkham is an AI-powered blockchain… Read More

November 15, 2023 @ 12:34 pm By JD Alois  |  

If there is any doubt, another report is highlighting the moribund venture capital markets. S&P Global Market Intelligence is reporting that VC funding rounds are at a four-year low, having cratered by 27% year over year in October at $18.49 billion and deal volume dropping… Read More

November 13, 2023 @ 10:04 pm By Omar Faridi  |  

Mendoza Ventures, a Fintech, AI, and Cybersecurity Venture Capital firm, announced that Truist Ventures is investing in its Early Growth Fintech Fund as a limited partner. The fund is targeting $100M and will “invest in early growth-stage startups with a focus on diverse teams.” Mendoza… Read More

November 13, 2023 @ 3:27 pm By Omar Faridi  |  

Acton Capital, one of Europe’s longest-standing venture capital investors, has announced the closing of its Fund ACTON VI to invest throughout Europe and Canada. The team remains committed to “backing companies in their early growth phase, with a focus on startups developing sustainable scaling strategies… Read More

November 11, 2023 @ 5:40 pm By Michael Wong  |  

BonEvalue Pte Ltd (BondbloX), a Singapore-based fintech startup that provides easy access to bonds for investors, has secured $6 million in a Series B round. The funding round was backed by Beacon Venture Capital, the corporate venture arm of Thailand’s Kasikornbank. Existing shareholders MassMutual Ventures… Read More

November 9, 2023 @ 12:11 pm By Omar Faridi  |  

Lightspeed Faction, a blockchain-focused venture capital firm, announced the launch of its inaugural $285 million venture fund. Faction will primarily invest “in early stage blockchain projects and serve as a long-term capital partner as these projects scale.” In addition to providing capital, the fund will… Read More

November 9, 2023 @ 11:26 am By JD Alois  |  

Recently, there have been various reports about the decline in venture capital funding. VC money is a key component in funding risky early-stage ventures. While only a fraction of the investments may drive results, some of these companies may turn into revolutionary platforms or launch… Read More