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Fintechs could see $100 billion of liquidity in 2021

TechCrunch

For the fourth straight year, the publicly traded fintechs massively outperformed the incumbent financial services providers as well as every mainstream stock index. For the fourth straight year, the publicly traded fintechs massively outperformed the incumbent financial services providers as well as every mainstream stock index.

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

TechCrunch

Fintechs could see $100 billion of liquidity in 2021. Fintech tailwinds, strengthened by the COVID-19 pandemic in 2020, only accelerated in 2021. Despite a roughly 30% draw-down in the last months of 2021, the Matrix Fintech Index continued to beat the broader market as well as incumbent financial service companies.

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Booz Allen Hamilton launches $100M corporate venture arm focused on early-stage startups

TechCrunch

Booz Allen Hamilton, the Virginia-based, defense-focused IT consulting firm, today announced the launch of a corporate venture capital arm, Booz Allen Ventures, that will initially put $100 million toward “strategic” defensive and offensive technologies.

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With capital aplenty, modern corporate investors marry financial and strategic goals

TechCrunch

The corporate venture capital (CVC) market is booming. Yesterday, The Exchange dug into the data behind the CVC market’s very busy 2021. But it’s not a pure venture capital story. The Exchange explores startups, markets and money. After parsing the data, it’s clear that CVCs are busy and increasingly common.

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Spend management platform Teampay expands partnership with Mastercard, raises $47M

TechCrunch

Today, Teampay has hundreds of customers and significant venture capital financing behind it. million in debt) Series B led by Fin Venture Capital with participation from Mastercard, Proof Ventures, Trestle and Espresso Capital, bringing Teampay’s total raised to $65 million. . billion in 2021.

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13 investors say lifelong learning is taking edtech mainstream

TechCrunch

Last year brought a flurry of record-breaking venture capital to the sector. billion in venture capital across 265 deals during 2020, compared to $1.32 It puts startups in a difficult spot: if 2020 was about enabling video-based teaching, what might emerge from 2021? billion last year, compared to $4.7

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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. Now of course, this is a well-formed market and the category has different players, and so incumbents and clouds and so on, and we’re clearly ahead. Investors apparently agree.

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