The Road Ahead
Despite a challenging fundraising environment, reputable venture capital firms, are still showcasing their ability to raise substantial capital to deploy into innovative startups. The last few weeks have included raise announcements (highlighted below) from five funds representing $5.1bn of new capital, all of the funds have a partial or dedicated focus on fintech.
Market Insights
Fintech investors are still funding: How B2B fintech unlocks capital (Forbes)
VCs no longer do DTC (Crunchbase)
Navigating the new normal: Insights from Cowboy Fall 2023 investor offsite (Cowboy Ventures)
VC Fundraises
BDC announces new $50M envelope to invest in emerging startups (BDC)
Village Global III: $250M of new capital for our founders (Village Global)
Founder Collective has quietly built a seed-investing powerhouse that just raised a $95M new fund (Insider)
Announcing $1.3 Billion for Craft Ventures IV and Growth II (Craft Ventures)
Notable Capital Raises
Kasa Living, a San Francisco-based hospitality platform that connects travelers with apartments, hotels, and homes, raised $70 million in Series C funding. Citi Ventures and FirstMark Capital led the round and were joined by New York Life Ventures, Fireside Ventures, and others.
Charlie’s senior-focused banking puts new funding toward stopping fraud (TechCrunch)
Buy now, pay later platform Tabby nabs $200M in Series D funding at $1.5B valuation (TechCrunch)
Finkargo secures $20M to transform SMB’s international trade operations (Fintech Global)
Ridepanda’s shift from D2C micromobility platform to corporate e-bike supplier (TechCrunch)
UK-based Ooodles raises $12M to scale up its device-leasing services (TechCrunch)