Thursday, 28 September 2023

Late-stage tech investor goes bargain-hunting

Plus, pickleball anyone?

September 28, 2023

Hi, Agen. With late-stage investment slowing to a crawl, many startup valuations far below their peaks, and liquidity tough to come by, there are likely some great deals to be had if you want to buy a piece of a promising startup. With that in mind, tech investor Industry Ventures is ready to invest with two new funds raising $1.7 billion with plans to get in on great startups at a great price. We also look at five of September’s most interesting rounds (yes, of course there’s AI.)

🤔 5 interesting deals in September: The Tesla for boats, and more

Electric boats, AI reminding us to call our mom, and learning how to play pickleball, et al. are just a few of the more interesting under-the-radar funding rounds you may have missed in September.

💪 New secondary funds bulk up for late-stage tech investment

Tech investor Industry Ventures has raised a total of $1.7 billion in new secondary funds to focus on obtaining minority stakes in late-stage VC-backed companies as well as buying successful small and emerging software companies.

🐛 A surprising amount of money has gone to bug farming startups

At least 31 funded startups working on insect cultivation have collectively raised more than a billion dollars from venture investors betting they can win some consumers and businesses over to this uh, niche, category of alternative protein.

Related Crunchbase Pro list: Insect Cultivation-Related Funded Companies

🚩 How to spot red flags in your business

Startup life can be a thrilling journey with huge potential for big rewards, but it’s equally fraught with risks. While you might be tempted to ride by the seat of your pants, consider taking a more quantitative approach to evaluating your company’s health, says startup adviser Itay Sagie. He highlights four metrics that can reveal red flags in your business.

Recent Investments

Sierra Space

$290M / Series B

Sierra Space is a commercial space company that specializes in the development of advanced space technologies and solutions.

Categories:

Advanced Materials • Aerospace • Industrial Manufacturing • Space Travel • Transportation

Investors:

Kanematsu Corporation (Lead), MUFG Bank (Lead), Tokio Marine Nichido (Lead) + 7 more

Bright Money

$50M / Debt Financing

Bright Money offers a personalized financial management platform to help individuals manage their finances effectively.

Categories:

Artificial Intelligence • Finance • Financial Services • FinTech • Personal Finance

Founders:

Alexander Seyfert, Amit Bendale, Avi Patchava, Avinash Ramakanth, Petko Plachkov, Varun Modi

Investors:

Encina Lender Finance (Lead)

albo

$40M / Series C

Albo is a challenger bank that focuses on personal and business finances, as well as debit, credit, payroll, savings, and crypto.

Categories:

Banking • FinTech • Mobile Apps

Founders:

Angel Sahagun

Investors:

Morpheus Ventures (Lead), Nazca Ventures, Valar Ventures

More Fundings

Company Amount / Round Lead Investor
Kolena $15M / Series A lobby capital
Evvy $14M / Series A Left Lane Capital
Bright Money $12M / Series B Alpha Wave Global
Blacklane Unknown / Series F Sixt Rental Cars
All Recent Funding Activity

Recent Acquisitions

Florida City Gas

Pending acquisition by Chesapeake Utilities Corporation for $923M

More Acquisitions

Company Acquired By Amount
MaxBet Flutter Entertainment 141M EUR
All Recent Acquisition Activity

Discover innovative companies and the people behind them.

Follow Us on Crunchbase View Jobs on LinkedIn Follow Us on Twitter Like Us on Facebook

564 Market St, San Francisco, CA 94104
© 2023 Crunchbase Inc. All rights reserved. Privacy Policy | Terms of Service

Unsubscribe from Crunchbase Daily.

No comments:

Post a Comment