Latest Fintech deals
The largest this week:
🇺🇸 Mysten Labs, creator of the Sui blockchain, has raised $300M Series B from FTX Ventures at a $2B valuation. Mysten Labs is part of the next wave of Layer 1 blockchains and challengers to predecessors such as Ethereum, Solana and Avalanche.
🇮🇳 Carrot General Insurance, a Seoul-based digital insurance carrier, raised $250M at a $850+M valuation from Affirma Capital.
🇵🇹 Fuel Labs, a startup that aims to speed up crypto transactions, has raised an $80M funding round from some of the sector’s biggest investors. The startup offer a layer2 scaling solution for Ethereum using optimistic rollups.
Other notable deals:
🇬🇧 Cledara, a software management platform that gives companies greater control and insights into their SaaS subscriptions, has raised a $20M Series A.
According to Cledara's founder, the startups "now holds the largest dataset in the world about SaaS purchasing, usage, renewal and cancellation for software buyers in 28 countries”.
👩🏻💻 Together with our partner ABN Amro Ventures we're mapping startups developing tech for CFOs. Reach out if you want to be included or want to exchange ideas!
🇫🇷 Atekka, an agri-insurtech offering parametric crop insurance, has raised a 4.9M early funding round. Discover more on parametric insurance.
Read up on all the latest fintech deals in Dealroom.co
Notable exits:
🇺🇸 JP Morgan is on an acquisition spree. The bank behemoth has acquired payment startup Renovite to fend off threats from fintech firms including Stripe and Block and build its next-generation merchant acquiring platform with a focus on cloud payments.
JP Morgan Chase & Co. is considering buying a stake in Yapily, an open banking startup that’s seeking to raise fresh funds according to Bloomberg's sources.
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