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The Opening

A VC: Musings of a VC in NYC

I like to think of investing in new things a bit like a football running play. So the existing incumbents are the defensive line. And they are not taking on any of the incumbents directly. USV TEAM POSTS: Hanel Baveja — Aug 9, 2021 Remora. Imagine you are the running back. They look impenetrable.

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Fintechs could see $100 billion of liquidity in 2021

TechCrunch

Jake Jolis is a partner at Matrix Partners and invests in seed and Series A technology companies including marketplaces and software. Dana Stalder is a partner at Matrix Partners, where he invests predominantly in fintech, consumer marketplaces and enterprise software. More posts by this contributor. 4-year founder vesting is dead.

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Israeli fintech Personetics raises $85M for tools to help incumbents personalize banking services to compete with neobanks

TechCrunch

Today a startup that is building tools to help incumbent address this challenge is announcing a round of funding on the back of a lot of demand for its services. It has also been on a fundraising run, with this round adding up to $160 million raised since the start of 2021. That’s a common thing.”

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Fintech outperformed the market in 2021, and it’s set to do even better

TechCrunch

The former commercial chief (Product, Sales and Marketing) at PayPal, he now leads fintech investing at Matrix Partners, where he also invests in consumer marketplaces and enterprise software. Fintechs could see $100 billion of liquidity in 2021. Private markets followed public markets in making 2021 a record-setting year.

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African healthtech startups in the supply chain segment show rapid growth, spurring a $7M investment initiative

TechCrunch

Salient surveyed over 80 companies across Ghana, Kenya, Nigeria, and Uganda, 25% more than the number it tracked in its last report in 2021. However, the segment is yet to record the type of investments that have poured into B2B retail e-commerce in the previous two years. In 2021, they received just $1.6

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Pinecone drops $100M investment on $750M valuation, as vector database demand grows

TechCrunch

When Pinecone launched a vector database aimed at data scientists in 2021, it was probably ahead of its time. Today, the company announced a $100 million Series B investment on a $750 million post valuation. The company has now raised $138 million including a $28 million Series A last year and a $10 million seed investment in 2021.

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Accel backs Mexican startup Flink’s effort to bring consumer investing to Latin America

TechCrunch

we take for granted the ability to invest and trade in the stock market. For Mexico City-born Sergio Jiménez Amozurrutia, the fact that in his country of more than 120 million people, only a tiny fraction of the population have the ability to invest in the capital markets just didn’t seem right. Here in the U.S.,