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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. Public fintech stocks rose 97% in 2020. Dana Stalder.

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Cloud optimization startup ProsperOps lands $72M investment

TechCrunch

Incredibly, prior to the investment, ProsperOps had only raised around $800,000. “This investment allows us to expand the scope of the work we perform for our customers and continue growing our engineering and sales teams.” Growth Partners with participation from Active Capital and other unnamed investors. a few months).

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

TechCrunch

Brian MacCarthy, Booz Allen’s VP of ventures, said that the new fund will invest primarily in early-stage (seed, Series A, and Series B) companies and build on Booz Allen’s existing Tech Scouting program, which connects with entrepreneurs to vet emerging security technologies. .

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Virtual social network IMVU raises $35M from China’s NetEase and others

TechCrunch

The line between social networking and gaming is increasingly blurring , and internet incumbents are taking notice. The fresh investment will be used to fund IMVU’s product development and comes fresh off a restructuring at the company. A NetEase spokesperson declined to comment on the investment in IMVU.

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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. Fintech tailwinds, strengthened by the COVID-19 pandemic in 2020, only accelerated in 2021. Share on Twitter.

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

TechCrunch

“In today’s economic environment, Teampay’s software-led approach has proven resilient — as we saw in late 2020 to 2021, when the economy rebounds, Teampay benefits disproportionately through accelerated growth … We increased our debt facility for additional flexibility in uncertain times.” billion valuation.

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Amsterdam’s Crisp, an online-only supermarket, raises €30M Series B led by Target Global

TechCrunch

The European grocery market is currently worth €2 trillion, but access to customers for high-quality, smaller producers is still tricky and blocked by incumbents. It also uses a 100% electric fleet serving big cities and suburbs, and its model is to have zero food waste.