FinTech Capital Raises in the U.S. – August 26th-September 1st, 2024
We saw considerable variety in capital raising within the FinTech sector this past week. Lending, credit analytics, and digital banking attracted early-stage funding, while mortgage and IPO advisory platforms received later-stage funding. Blockchain startups secured funding across early and later funding stages.
If you would like more details on these deals or would like to discuss the capital-raising market for your company, please contact me.
Later Stage VC:
- ParaFi Capital, an alternative investment firm focused on blockchain funding, raised $120 million funding from KKR &Co., Accolade Partners and Bain Capital Venture.
- Valon Mortgage, a mortgage technology company, secured $69.73 million in private equity capital to enhance its services.
- ClearingBid, an IPO advisory and price discovery platform, raised $1.02 million, with a post-money valuation of $28 million.
Early Stage VC:
- VRGL, specializing in data analytics and investment platforms, raised $6 million, to expand its solutions. (Lead Investors: FINTOP Capital, MissionOG).
- Quai Network, a blockchain-based platform, raised $5 million in early-stage VC funding from MH Ventures, CryptoViet Ventures and Aza Ventures.
- Level Money, a FinTech platform offering crypto assets and decentralized finance, raised $3.6 million on August 29, 2024. (Lead Investors: Dragonfly, Polychain Capital).
- Credit Pulse, a credit market analytics platform, raised $3 million to expand its capabilities from DA Ventures.
Seed Round:
- Linker Finance, focused on banking data and digital banking solutions, raised $3.7 million in seed funding. (Lead Investor: Chingona Ventures, TenOneTen Ventures).
- Echelon, a lending network platform, raised $3.5 of seed funding in a deal led by Amber Group.
Merger/Acquisition:
- Paralel, an asset manager platform, as acquired by SLCT Holdings.
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Please contact me if you have any questions or would like to discuss your capital raise:
Email: jspaulding@castleplacement.com
(C) (917) 475-6679
Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.
