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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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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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Egyptian investment app Thndr nabs $20M from Tiger Global, Prosus Ventures and others

TechCrunch

But as a relatively young population, most of them have minimal equity market and investment exposure. The company has raised a $20 million Series A round to democratize investing in the Middle East and North Africa. and Europe, up to half of the population invests in financial instruments. One such is Egypt-based Thndr.

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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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Predictions for Living, Working, & Traveling Post-Covid in America’s Startup Cities

Revolution

Post-Pandemic Geography: Predictions for Living, Working, & Traveling Post-Covid in America’s Startup Cities Revolution’s Rise of the Rest Announces that Airbnb Co-founder and CEO, Brian Chesky, will join Steve Case for the Tech Talent Tour Mainstage Discussion (Thursday, June 24th, 2021 at 12:00 PM ET).

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