 January 20, 2024  Venture investment in 2023 into financial services and fintech was at its lowest level in six years, according to Crunchbase data. But investors in the space still see plenty of interesting opportunities for fintech startups to solve in 2024 and beyond.  Overall, startup investors put far less money to work in 2023 compared to the prior two years. They also did far fewer deals. However, some investors slowed down much less drastically than others.  Founders and VCs have taken an interest in greener manufacturing. The space emerged as a popular theme last year, with more than $10 billion invested globally across the larger rounds, per an analysis of Crunchbase data.  Just two years ago venture funding to cybersecurity was on fire, with more than $23 billion flooding the sector. In 2023, cyber startups saw only about a third of that, as venture funding dipped to its lowest total since 2018.  The second full week of the new year proved to be pretty slow. Just one startup saw a big raise in the nine figures, and a handful saw $75M — including a trio of biotech firms. Sledding has been tough for big rounds so far this year.  Almost nobody these days is spending much leisure time in the metaverse. Additionally, almost no investors are backing fresh rounds for startups creating the next generation of virtual worlds. Crunchbase, Inc. |
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