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Search resuls for: "Payrails"


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Tacto, a small German AI supply chain startup, is set to raise new funding from US giant Sequoia and is already in talks with a different high-profile investor to raise another round. Sequoia is set to lead Tacto's Series A round, six sources familiar with the deal told Insider. Unusually, the startup has already begun talks to raise another round of funding in addition to the Sequoia deal. Tacto is also in talks with London-based Index Ventures to immediately raise another funding round, five sources said. Andreessen Horowitz led a seed round in tiny AI startup ElevenLabs in March, and is also in talks with months-old company Mistral.
Persons: Tacto, Andreessen Horowitz, Fintech, Hanno Renner Organizations: London, Ventures, Sequoia, Energy, nab, Cherry Ventures, UVC Partners, Club Locations: Sequoia, Munich, Berlin
Global VC fintech funding has been cut in half to $23 billion so far this year, per S&P data. Fintech startups focused on solving business issues have remained somewhat resilient. Globally venture capital funding to fintech companies dropped 49% year-on-year to $23 billion in the first half of 2023, according to S&P data. Within that, investment in consumer-facing fintech startups, such as banking and trading apps, has endured an even more torrid year, sliding by 73.8% to $1.9 billion in Q2. Insider spoke to four fintech investors who identified the areas within B2B fintech that are capturing their attention right now.
Persons: Khalil Hefaf, fintech, Hefaf, Uber, Banks, Alix Brunet, Europe's, Weavr, Griffin cofounders Allen Rohner, David Jarvis Griffin, Dan Chaplin, Kaushik Subramanian, Payrails cofounders Emre Talay, Orkhan Abudullayev, Nicolas Thouzeau Payrails, Chaplin Organizations: Target, Mass Mutual Ventures, Griffin, Dawn Capital, Treasury, Payrails, EQT Ventures, London, UBS Locations: Europe, digitize, London, Germany, Payrails
Venture capital funding was cut in half in the first six months of 2023, according to Crunchbase. The dropoff has triggered an uptick in pre-empted deals, where investors back the most exciting startups. Payrails, Cello, and ElevenLabs are among the startups to close pre-emptive deals this year. Venture capital funding to startups has continued to collapse in 2023. The slowdown has led to something of an uptick in pre-empted funding rounds, where investors come forward with deal terms to exciting early-stage businesses before they even begin fundraising.
Persons: VCs, Tom Mendoza Organizations: Venture, Crunchbase, Energy, EQT Ventures Locations: London, Berlin
German fintech Payrails has brought in a $14.4 million funding extension. The startup has raised the fresh funds from EQT Ventures and General Catalyst. German fintech startup Payrails has raised $14.4 million in a funding extension from EQT Ventures and General Catalyst, the company said on Tuesday. The fresh funds come from EQT Ventures and General Catalyst, confirming previous Insider reportingVC giant Andreessen Horowitz and German investor HV Capital funded a $6.4 million seed round in 2021. "We've grown and now have large enterprises using the product so the fundraising is a decision to help us accelerate our product roadmap."
Persons: Payrails, Catalyst, Andreessen Horowitz, Orkhan, Emre Talay, Nicolas Thouzeau, we've Organizations: EQT Ventures, Capital
European startups like Sequence and Numeral want to establish themselves as the region's leaders. In March, the valuation of Californian startup Modern Treasury spiked to $2 billion as it established itself as an early leader in the burgeoning FinOps sector. In Europe, FinOps startups have captured the attention of a wealth of venture capital firms hoping to be an early backer in the region's own Modern Treasury. The US payments market is notoriously fragmented with some 5,000 banks and no universal real-time settlements platform. Indeed, investment into European startups plummeted by 38% in the second quarter of the year to $23.7 billion, according to Crunchbase data.
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